Finance, Banking and Economic News - 25 January 2011 - financiare.ro
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Finance, Banking and Economic News
25 January 2011



Page: 1 

Businesspeople that invest in football don't seem to be too interested in the shares of the Proprietatea Fund. Its coming listing on the Bucharest Stock Exchange does not make it any more attractive to the owners of First League football clubs, who seem to be extremely skeptical about its future. read more...


IMF, World Bank and European Commission representatives start on Tuesday, in Bucharest, their seventh evaluation mission of the stand-by agreement and negotiations for a new possible agreement. read more...


Proprietatea Fund shares will be listed, starting with Tuesday, January 25, 2011 at the Bucharest Stock Exchange after five years since the Fund became a company on shares. Romanian news agency Agerpres notes that this is the most important event on the stock exchange in the last years. read more...


Romania’s Constitutional Court in Tuesday upheld complaints by democrat liberal senators on the validation of 11 members of the High Council of Magistrates, appointed for six-year terms. read more...


Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO), Tuesday said it will try to convince the government to list on the stock market several key energy companies to improve their efficiency and boost budget revenues at the same time. read more...


Romania's car park grew last year by 1.8%, to more than 5.42 million vehicles, including 4.3 million passenger cars, 6.4% higher than in 2009, according to the data of the Interior Ministry's Driving License and Vehicle Registration Department (DRPCIV). read more...


Over 7,000 Romanians protest Tuesday in Mioveni, southern Romania, over changes to the country’s labor code and collective work contracts, as well as over high fuel prices. read more...


Agriculture Minister Valeriu Tabara said Tuesday that Romania may not stop importing pork from Germany, which Romanian producers suspect may be exporting meat contaminated with dioxin, a carcinogen. read more...


The 2011 budgets of Romanian state-owned railway companies CFR Marfa, CFR Calatori and CFR SA say 5,588 employees will be sacked and staff expenses will be cut by 21.8%, 6.5% and 11.6% respectively, according to three draft Government decisions drawn up by the Transport Ministry. read more...


Romania might be ready, technically to join Schengen while Bulgaria is still working to have all technical requirements up and working, Hungarian Interior minister Sandor Pinter said, quoted by Novinite.com. However, the Budapest official expressed hope that Bulgaria will be ready to join Schengen by June, until Hungary has the EU reigns. read more...




A teenager in Calarasi, southern Romania, and a four-year-old child in the southeastern city of Galati have been diagnosed with AH1N1 flu and are isolated at home and receiving treatment, local public health department representatives said Tuesday. read more...


Romania will increase its participation to foreign military operations by 183 troops in 2011, bringing its maximum foreign force to 3,427 troops, as per a Tuesday decision of the Supreme Defense Council. read more...


Romania’s planned follow-up agreement with the International Monetary Fund represents a keystone for the country’s structural reforms and its main objective will be ensuring the continuity of the process, central bank governor Mugur Isarescu said Monday. read more...


Romanian state-owned airline Tarom wants to break even in 2011, after its 2010 budget provided for a 19.8 million lei (EUR1=RON4.2621) profit, according to a draft government decision by the Ministry of Transport. read more...



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