Finance, Banking and Economic News - 3 January 2011 - financiare.ro
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Finance, Banking and Economic News
3 January 2011



Page: 1 

Poland's Tymbark Maspex company, the biggest nectar producer domestically, is likely to tackle the mineral water segment, a 300m-euro market, after having recently added "production of mineral water and other bottled waters" to its core business, as revealed in the Official Gazette. read more...


The year that has just ended was supposed to play a major role for Romania's energy industry, with huge projects and major reshuffle ideas being launched. Unfortunately, all the plans are still on paper, so that 2011 is practically an extension for the projects scheduled for completion or that were underway in 2010. read more...


A new start for the banking market: though not much has been left from Ordinance 50 on old retail loans, the kind of abuse against clients registered so far will no longer be possible. The possibility of loan refinancing will tighten competition among banks, and clients will be able to shun too high costs. read more...


03.01.2011, 00:06 | Cars | 645 views
Auto market unlikely to fare worse than in 2010
The Romanian car market enters 2010 with growth plans, after three years where new car sales fell by nearly 70%, from 367,000 in peak year 2007 to around 120,000 units last year. read more...


Starting January 1, 2011, traditional employment record books have disappeared and been replaced by electronic databases to which employers have access on the basis of a user and a password. read more...


Ioan Niculae, considered one of the wealthiest people in Romania, and known especially for his businesses in the chemical fertilisers industry through the InterAgro group, decided to focus on several sectors, all of which having to do with consumer goods. read more...


The main trends on the 2011 capital market will be determined by the listing of Fondul Proprietatea (Property Fund - FP), which will increase visibility of the Bucharest Stock Exchange in the region and will force the main market participants (Stock Exchange, brokers, regulator, as well as investors) to modernise. read more...


This year will see three of Europe's biggest retailers enter the Romanian market, which could change the face of Romanian retail, a 20 billion-euro market. read more...


03.01.2011, 00:15 | Economy | 608 views
2011 economy outlook
The highlights of 2011 are the potential economic growth, the budget austerity, the inauguration of the Basarab overpass and of the Lia Manoliu stadium in Bucharest, as well as the potential improvement of European fund absorption, especially in the HR field. read more...


A new anti-smoking law was passed on Sunday in Spain, considered one of the toughest ever applied laws in this sector in Europe, Novinite informs. The new law bans smoking in all bars and restaurants, hospital courtyards and schools. read more...




03.01.2011, 11:16 | International | 542 views
Hungary takesover EU presidency
Hungary took over on Saturday the presidency of the EU and the event was marked by Hungarian PM Viktor Orban's declarations, that these are good news for Europe, AFP informs. Hungary was recently criticized for the promulgation of a law that raises the issue of press freedom in Budapest. read more...


Romanian TV star Serban Huidu, who was severely injured in an accident on an Austrian ski slope last week is doing better and better but he remains at Intensive Care for monitoring, Romanian news agency Mediafax reads, quoting the Hospital's spokesperson. read more...


The Romanian Constitutional Court will rule on a notification brought to the recently validated list of new High Council of Magistrates (CSM) members on January 19. read more...


Romanian carmaker Dacia’s new car registrations in France increased 70.9% on the year in 2010, while overall new car registrations saw a decline of 2.2%, according to the French carmakers’ association. read more...


Romanian foreign exchange reserves fell slightly to EUR32.43 billion in December, from a record of EUR32.8 billion in the previous month, central bank data showed Monday. read more...


Romanian TV star Serban Huidu, who was severely injured after a fall on an Austrian ski slope last week was transferred on Monday from the Intensive Care Unit to a quarter of the University Hospital’s Neurology section. Huidu was in an induced coma for six days. read more...


Registrations of Romanian Dacia cars in Spain increased by 145% in 2010, to 21,392 units, from 8,725 cars in 2009, while the overall Spanish car market climbed 3.1% to 985,208 units, according to car importer association ANIACAM. read more...



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