Finance, Banking and Economic News - 26 January 2011 - financiare.ro
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Finance, Banking and Economic News
26 January 2011



Page: 1  2 

A surprising communiqué of the CNVM yesterday requested that brokers and investors abide the law, when trading the shares of the 'Proprietatea' Fund, which is scheduled to begin today. read more...


Enterprise Investors (EI), one of the largest companies of private equity in Central and Eastern Europe, intends to launch a new investment fund this year, its eighth, which is targeted at several countries in the region, including Romania. read more...


Some of the shareholders of the Proprietatea Fund, interested in selling their shares on the stock exchange, have found that some of the major brokerage firms won't even bother to open an account for them, unless they hold a few thousand shares or tens of thousands of Euros. read more...


The biggest players on the Romanian oil market, Petrom and Rompetrol, announced the first price cuts this year, of around 4 bani (1 RON - 100 bani) per litre. The move did not come amid protests in filling stations or as a result of politicians' tough statements, but as a result of the elimination of a tax, namely the 'cent per litre'. read more...


Stock repurchase and persuading the Romanian state to privatise energy companies make the "ace" up the sleeve of Franklin Templeton manager to boost the price of FP shares on the Bourse, so that it should be as close as possible or even equal that of the Fund value of 1.11 RON/share. read more...


Mihuţ Crăciun, the new head of Kandia chocolate producer, one of the best-known domestic brands, has two clear objectives at the start of his term: expanding the market share from the current 20% level and boosting turnover. read more...


Enel (Italy) and Arcelor Mittal Romania are the only remaining foreign partners of the Romanian state in the 4 billion-euro project of reactors 3 and 4 in Cernavodă, after in less than a year's time, CEZ (the Czech Republic), RWE (Germany), GDF SUEZ (French-Belgian group) and Iberdrola (Spain) left the project. read more...


Bankers have lowered loan application processing fees for individual customers to less than 400 euros as part of the new stipulations, which require them to levy a fixed fee, instead of the one calculated as a percentage of the lent amount, as was the case in the past. read more...


A society which, during 40 years of communism, learnt to expect handouts from the state, is difficult to reform. read more...


Agriculture Minister Valeriu Tabără said yesterday that as long as he was in office, foreigners would not be allowed to buy farming land in Romania without restrictions. read more...




The listing of Fondul Proprietatea (Property Fund) injected adrenaline into the weak heart of the Bucharest Stock Exchange, encouraging investors to daydream. Yet former owners have to wait before they can see their dreams come true. read more...


Romanian Labor Minister Ioan Botis said Wednesday after a meeting with International Monetary Fund officials he is confident the IMF and International Labor Organization will accept the ministry’s propositions for the country’s new labor code. read more...


Romanian capital city Bucharest would be promoted as a tourism destination for city-break travels, the Romanian Regional Development and Tourism Ministry says, seeking to buy a strategy to promote the city. An announcement in this regard is expected to be published on Wednesday. read more...


Romanian tax authority ANAF will refund in January value added tax to companies worth 1.36 billion lei (EUR1=RON4.2621), the highest sum returned so far in a single month, the authority said Wednesday. read more...


The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly. read more...


Romanian tax authorities will verify whether the financial reports of local oil companies include unjustified expenses aiming to reduce their real profit and if their declared fiscal losses are grounded. read more...


Romanian authorities are forbidden to approve urban planning documents legalizing constructions built without authorization, according to a draft Government decree drawn up by the Regional Development and Tourism Ministry. read more...


26.01.2011, 16:13 | Health | 526 views
AH1N1 Virus Infection Detected In W Romania
A 39-year-old woman in Arad, western Romania, who has recently returned from Italy, has been diagnosed with the AH1N1 flu virus, local health department representatives said Wednesday. read more...


Zubin Mehta, Daniel Barenboim and Vadim Repin are among the artists who confirmed they participation at the George Enescu festival in 2011, organizers declared on Wednesday. read more...


Fuel resellers cannot blame pump price hikes on the local taxation, Wednesday said Romanian Prime Minister Emil Boc, who called for additional inspections by the tax and competition authorities targeting the oil companies. read more...



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