Finance, Banking and Economic News - 24 February 2011 - financiare.ro
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Finance, Banking and Economic News
24 February 2011



Page: 1 

The consumer savings went up by 26% or by 21.5 billion lei (around 5 billion euros) in the last two years, during which the crisis has been fully felt. read more...


Romanian company RCS&RDS, one of the biggest telecom operators in Central and Eastern Europe, has also launched mobile Internet services on the Hungarian market, according to data on the company's website. read more...


The torpor that the Bucharest Stock Exchange had gone into after the first few days of trading of Fondul Proprietatea shares was shaken yesterday at 4:02 PM when the trading screens displayed eight BRD share transactions, which involved 34 millions of shares worth 107 million euros. read more...


Entrepreneurs, company managers and bankers who see stimulating consumer spending as a solution to bring the economy out of the crisis had a "bad idea", says Mugur Isărescu, governor of the NBR (National Bank of Romania). read more...


The state answered again the desperate need for companies of the Bucharest Stock Exchange with promises, reassuring it would use the capital market for "trial privatisations" of the minority stakes it owns in the energy sector companies. read more...


The biggest company in Romania posted a 2.5 times higher net profit in the second year of recession than in 2009, thanks to fuel becoming more expensive, although fuel demand fell 5%. read more...


Dacia Duster has received 3 stars in the Euro NCAP (European road safety authority) tests, according to specialized website 4Tuning. The source notes this makes Duster pale in comparison with other low cost SUVs such as Mitsubishi ASX, Nissan Qashqai or Hyundai ix35, which received five stars. read more...


Bulgarian prime minister Boiko Borisov said following talks with European Council head Herman Van Rompuy on Wednesday that Schengen accession would encourage his country to protect EU external borders and be more active in fulfilling duties, Novinite.com reads. read more...


Romanian Prime Minister Emil Boc told European Council President Herman Van Rompuy Thursday Romania is expecting the EU’s Hungarian presidency to set a calendar for the country’s Schengen accession, adding the country has secured its borders. read more...


Russian Lukoil and US Vanco International have signed two concession agreements with Romania’s Mineral Resources Agency ANRM, for the exploration and development of two blocks in the Romanian sector of the Black Sea. read more...




Romanian anticorruption prosecutors and police raided Thursday the Ploiesti customs, in southern Romania, checking local import-export firms and customs workers suspected of bribe taking. read more...


Romania’s Government will create a more flexible Labor Code even at the risk of being ousted, Andreea Paul Vass, adviser to Prime Minister Emil Boc, said Thursday. read more...


Six Romanian administrative regions, making up the entire country except the area around the capital, rank among the poorest regions in the European Union, according to Eurostat. read more...


European Council President Herman Van Rompuy on Thursday welcomed the way Romania implemented the assistance program agreed with the European Union and the International Monetary Fund. read more...


Romania’s National Anticorruption Department indicted 402 people holding public office or management positions last year, including a former prime minister, three former ministers and three lawmakers. read more...


Romania will have some 1,000 km of highway built in public-private partnerships by 2020, PM aide Andreea Paul Vass said on Thursday. She said that 250 km of highway were planned to be completed by 2011. read more...


Employees of major financial group Romanian Commercial Bank (BCR) will organize street protests on Friday against what they call a lack of social dialogue, the elimination from working contracts of bonuses according to bank performance and the refusal to have their salaries indexed by 50% of the inflation rate, BCR trade union leader Ciprian Ionescu has told HotNews.ro. read more...


French group Renault, owner of Romanian carmaker Dacia, plans to increase the number of Dacia car sale points in France, from 60 to over 200 by 2013, according to French newspaper Le Figaro. read more...


Romanian economy is on its way to wake up from over two years of “hibernation” in 2011, aided by growing exports, good reforms and a vital bailout program led by the International Monetary Fund and the EU, according to a report from JP Morgan Chase Bank. read more...


Romanian President Traian Basescu said Thursday that authorities should analyze whether it is still possible for Romania to adopt the euro in 2015, as the Eurozone can no longer support weak economies. read more...



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