Finance, Banking and Economic News - 27 January 2011 - financiare.ro
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Finance, Banking and Economic News
27 January 2011



Page: 1 

Denmark's Vestas, the world's leader in the field of wind farm technology, with turnover worth above 6bn euros in 2009, decided to open an office in Romania this year considering the company has already sold turbines with a 450 MW capacity for investments in Dobrogea. read more...


Fondul Proprietatea's stakes in unlisted companies, the state's "crown jewels", are valued on the Bourse at less than 25% of the value they were registered at in the Fund's net asset in late December. read more...


Austrian insurer Vienna Insurance Group (VIG), which controls Omniasig, Asirom, BCR Asigurări and BCR Asigurări de Viaţă on the Romanian market, underwrote gross premiums of 536 million euros from operations conducted in Romania, 12.8% less than in 2009. read more...


The domestic subsidiary of Spain's FCC Construccion constructions group, with turnover of around 110m euros last year, wants to expand its operations, adding railway or airport infrastructure works, whereas it has so far contracted only road infrastructure projects domestically. read more...


Several residential complexes in Bucharest continue to have hundreds of apartments available, as a result of projects being completed in full crisis, with only 42 families having moved into the two Monaco Towers blocks of apartments in Berceni so far, after Lebanese-held Marble House built 304 apartments. read more...


Commercial banks last year paid 276.84 million RON (65.9 million euros) as banking corporate tax, with the amount being around four times lower than that paid in 2009, according to data sent to ZF by the Finance Ministry. read more...


Over 1,000 German and Austrian-held companies present on the Romanian market said they would increase salaries by an average 7.9% this year, show the results of a survey conducted by Austrian executive search company Kienbaum conducted in April-August 2010. read more...


27.01.2011, 00:10 | Cars | 406 views
One in six cars were sold by a Romanian in 2010
Ion Ţiriac, Gheorghe Dolofan and Michael Schmidt, the last Romanians to hold companies with several tens or hundreds of millions of euros in turnover on the Romanian auto market, sold nearly 16,800 cars last year, with nearly one in six cars sold on the Romanian market originating from one of the three businessmen. read more...


Bankers kept private lending "frozen" last year and, in the absence of funding, the Romanian economy ended up being the only country in negative territory apart from Greece, more than two years after the 2008 financial crisis. read more...


Romania’s Government will draft an emergency decree on the recalculation of military pensions by February 1, when the Parliament resumes works, Government spokeswoman Ioana Muntean told Mediafax Wednesday evening. read more...




Romanian oil company OMV Petrom (SNP.RO) Wednesday said the fuel price changes were only due to tax raises, mainly the sales tax, to international oil prices and to the US dollar's exchange rate, rejecting local tax authorities' claims of unjustified increases. read more...


Romania will launch this spring a new strategy for the integration of the Roma minority to be applied until 2015, Romanian President Traian Basescu said Thursday in Strasbourg. read more...


Romania's Government and the International Monetary Fund are discussing the terms of a two-year follow agreement to a EUR13 billion loan program that expires in May, people familiar with the talks said. read more...


The Romanian opposition Social Democratic Party is calling on the Government to urgently reduce the value added tax back to 19%, social democrat senator Olguta Vasilescu told a news conference Thursday. read more...


The price of vegetable oil in Romania might increase by about 30% in April or March, due to a lack of raw materials on the local market, Foodstuff Industry Union Federation president Dragos Frumosu told MEDIAFAX. read more...


Romania’s household electricity prices might remain at 2010 levels this year, since energy regulator ANRE sees no reasons for an increase, people close to the matter told MEDIAFAX. read more...


Competition Council launched an investigation to check whether there was or not an agreement between Rompetrol Gas and its distributors on the market for liquefied gas. Any form of agreement hinders competition and affects the interests of the consumers, President of the Competition Council Bogdan Chiritoiu said. read more...


Romania’s general consolidated budgetary deficit amounted to, at the end of last year, to 33.3 billion lei representing 6.5% of GDP below the limit agreed with the IMF, a press release of the Finance ministry reads. The deficit target in the supplementary letter to the stand by agreement with the IMF was of 34.6 billion lei. read more...


Several AH1N1 cases were confirmed on Thursday in several cities across the country, Romanian news agency Mediafax informs. A man from Satu Mare, North Romania and is in a severe condition in hospital. The virus was also confirmed in the women in Constanta, South East Romania and on a man in Suceava North Romania and Craiova, South Romania. read more...


Romania’s consolidated budget posted in 2010 a deficit of 33.3 billion lei (EUR1=RON4.2675), or 6.5% of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. read more...



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