Finance, Banking and Economic News - 9 December 2010 - financiare.ro
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Finance, Banking and Economic News
9 December 2010



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After several years when oil market firsts lacked, on the battleground of major companies in the field, an investor is betting over 20m euros to launch a new filling station chain. read more...


The beer market will continue to decline next year, though at a slower pace, as purchasing power will stay low and the price of commodities will rise, estimates Constantin Bratu, general manager of Romanian Brewers' Association. read more...


The loan portfolios of leasing and consumer finance companies dropped by over 3bn RON (around 720m euros) this year, to 31,5bn RON in late October, considering new loans did not keep up with repayments, NBR data reveal. read more...


With car sales down 25% on last year, when the market plunged by nearly 60%, premium car dealers seek to attract already existing customers to official service centres, writes Business Magazin weekly. read more...


Volksbank Romania, the sixth largest bank on the Romanian market by assets, which stand at 4.8 billion euros, could change hands over the next few months, after the management of Austrian group Oesterreichische Volksbanken-AG decided in mid-week to drop retail operations on markets in the region. read more...


09.12.2010, 00:13 | Economy | 620 views
Industrial production slows down in Romania
Industrial production, one of the leading indicators in the economy, continued to rise in October, but slowed down its pace to 2%. read more...


Britain's Vodafone group, the world's biggest mobile telephony operator, is going to invest half a billion euros in Romania over the next five years, with part of the sum to be directed toward the construction of a 4G network, which could lead to an over fourfold increase in the speed of mobile Internet services, the segment that will witness the tightest competition on the market in the coming years. read more...


Romanian weather authorities Thursday morning issued a yellow code advisory expecting snowfall, gusty wind and frost throughout the country Thursday evening through Friday at noon. read more...


Romanian President Traian Basescu said on public television late Wednesday he admires people in the ruling coalition for their patience and determination to keep their alliance strong, adding the coalition took the right anti-crisis measures and will likely stay in power until the 2012 elections. read more...


Romanian President Traian Basescu said Wednesday a Kazakh delegation will arrive in Bucharest in January to discuss the debt owed by oil company Rompetrol. read more...




Romanian President Traian Basescu said on public television late Wednesday the solution found by the Government for the issue of child rearing benefits and parental leave is good because it brings together all possible options. read more...


Romanian President Traian Basescu said on public television late Wednesday he is optimistic about the country’s economic outlook adding Romania has avoided derailments and is on its way to recovery. read more...


Romania’s Government plans to build 400 daycare centers throughout the country next year, mostly in urban areas, Development Minister Elena Udrea said after the Cabinet meeting late Wednesday. read more...


Romania’s Constitutional Court will discuss opposition liberals’ challenge to the recently adopted pension bill on December 15, the Court said Thursday. read more...


Apple's iPhone 4 will be available from Romanian mobile operators Vodafone and Cosmote starting with December 17, alongside special plans aimed at its users. read more...


Romanian President Traian Basescu invited parliamentary parties for talks on Monday afternoon about the country’s economic and social outlook for the next two years, Schengen accession and this year’s legislative priorities. read more...


The Romanian Government will grant extra 600 lei (EUR1=RON4.3005) in child-rearing benefits in the case of multiple pregnancy and for a second child born in the interval in which child-rearing aid is paid, the Labor Ministry said in a press release Thursday. read more...


Transports ministry plans to transform the Bucharest Baneasa Airport by 2012-2013 in an airport reserved for business and VIP flights and therefore move the current low cost flights on Otopeni Int'l Airport causing higher costs for low costs. read more...


Romanian employers are forbidden to sack employees in the first six months after they return from parental leave, according to an emergency ordinance on new parental leave and child-rearing benefit measures to be implemented starting next year. read more...


Over 87% of the Romanians believe that the corruption level in Romania increased in the last three years and 83% of them believe that the government is inefficient in its fight against corruption, the Global Corruption Index shows, released on Thursday by Transparency International (TI). read more...



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