Finance, Banking and Economic News - 4 January 2011 - financiare.ro
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Finance, Banking and Economic News
4 January 2011



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The most economical new cars will be subject to a pollution tax of 50 euros as of January 1st, with its value growing to nearly 1,900 euros for over 4.0-litre engine cars, such as is the case of the Audi A8 and Mercedes-Benz S-Klasse saloon cars. read more...


One of the most frequent questions at the start of this year is linked to December sales and this is so because for many industries this month's revenues make up as much as 30-40% of annual turnover. read more...


Anima, the medical services division of the biggest group in the Romanian drug industry, A&D Pharma, increased its capital by over 2 million RON (0.5 million euros) in December to 8.8 million RON (2.1 million euros). read more...


Romania should consider a 3-4bn-euro precautionary arrangement, which it should seal with China, the financial powerhouse of the moment, and which should be focused on investment projects, and not on reform programmes like in the case of the agreement with the IMF, maintains Sebastian Vlădescu, former finance minister. read more...


Turkey's Garanti group paid 46m euros to buy the 26.73% stake US GE Money still held in the bank and the three non-bank financial institutions they operated jointly in Romania. read more...


Ziarul Financiar asked several analysts and fund managers to say what type of investments they recommend to a medium-risk profile investor wanting to invest a sum of between 50,000 and 100,000 euros. read more...


Cătălin Popa, 39, head of the first private hospital in Romania - Euroclinic - has left the helm of the company after five years, being appointed National Director of World Vision Romania, an NGO involved in healthcare projects. read more...


The most economical new cars will be subject to a pollution tax of 50 euros as of January 1st, with its value growing to nearly 1,900 euros for over 4.0-litre engine cars, such as is the case of the Audi A8 and Mercedes-Benz S-Klasse saloon cars. read more...


The Stock Exchange started the year with rises for most shares in its first day. The BET index of the ten leading listed companies gained 1.86% and SIFs (financial investment companies) climbed 1.75%. read more...


Players on the forex market, where nearly 400 billion euros are traded every year, say the euro will remain in the 4.2 RON region this year, as well. read more...




Romania’s electricity consumption rose by 4.7% on the year in 2010, and is estimated to increase by at least 1% in 2011, according to state-owned power grid operator Transelectrica’s (TEL.RO). read more...


Romanian banks raised in November the interest rates on new loans in both lei and euros, but maintained the interest on new deposits, according to central bank data released Tuesday. read more...


Romania's Constitutional Court on Tuesday ruled that the education law, adopted through a vote of confidence in the Government, is constitutional and will be sent to the President. read more...


One of the advisers of Romanian democrat liberal Gheorghe Flutur, president of the Suceava County Council, northeastern Romania, will walk the distance between Vienna, Austria, and Suceava to promote the tourism project "Pilgrim in Bukovina", financed with European funds. read more...


Romania's Constitutional Court decided on Tuesday that a recently adopted Education Law was constitutional, thus rejecting claims against its constitutionality submitted by Senate speaker Mircea Geoana and opposition MPs, news agency Agerpres reports. read more...


Czech group CEZ sold by the end of 2010 its shares in the project to conclude works at the Cernavoda nuclear power plant in Romania, a press release of the group reads. read more...


Dan Voiculescu, leader of the small but influential Conservative Party (PC), said in an interview for Romanian news agency Agerpres on Tuesday that he wanted a "three-way political alliance of Social Democrats [PSD], National Liberals [PNL] and PC, a long term, 5-10 year alliance to cover several electoral cycles". read more...


Romania needs to report further progress in 2011 so that it keep up with plans to join the euro in 2015, but reforms might take two years, which may change the date of euro adoption, Romanian National Bank (BNR) Governor Mugur Isarescu said on Tuesday. read more...


President Traian Basescu will hold on Tuesday, at 6:30 PM a press conference at the Presidential headquarters, the presidency informs. read more...


Romanians are third in world pessimists to after the French and the Icelandic, according to a survey related to the 2011 economic perspectives ordered by the French daily Le Parisien and conducted by BVA Gallup in 53 countries. read more...



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