Finance, Banking and Economic News
About 500-600 Bucharesters were involved in the protest in the University Square on Friday evening, for the eighth day in a row. On the esplanade outside the National Theatre there are about 450-500 protesters, many of them are pensioners, elderly people or teachers, members of the trade union federations in education, and on the other side of the Square, in front of the well outside the Architecture Faculty, there are another 100 protesters, most of them being quite young. read more...
Chairman of the National Liberal Party (PNL) Crin Antonescu on Thursday, from the stage of the rally organized by the opposition Social Liberal Union (USL), told President Traian Basescu, Premier Emil Boc and the Democrat Liberals to give up power and made it clear that the opposition would make no compromise. read more...
President Traian Basescu said on Thursday that the European funds represent an essential element of economic growth, as they can significantly contribute to ensuring Romania’s macroeconomic stability. read more...
Thousands of people gathered on Thursday afternoon in the surroundings of the Bucharest Arc of Triumph for the rally organized by the opposition’s Social Liberal Union (USL). read more...
The state reforms will represent a priority in 2012 too, President Traian Basescu said at the annual meeting with the ambassadors accredited to Romania, adding that he will be an active partner of the Government in the process aimed ad adopting the measures stipulated in the agreements with the International Monetary Fund, the World Bank or the European Union. read more...
About 2,000 people protest in Bucharest and another 20 counties, Gendarmerie spokesman Florin Hulea on Wednesday. read more...
Premier Emil Boc said on Wednesday that, during the consultations at the Parliament Palace, he suggested setting up the council of economic dialogue between the power and the opposition, which should fundamentally aim at maintaining and creating jobs. read more...
There were about 154,000 requests for the cable aerial lift points (at cable cars, gondola lifts, chair lifts and platter lifts) and more than 132,000 cars were reported in the major mountain resorts in Romania during the past weekend, reports the Ministry of Regional Development and Tourism (MDRT), according to data provided by local public authorities. read more...
The Roşia Montană business, in which Gabriel Resources owns 80.7%, and Minvest owns 19.3%, could generate a return of at least 56% of the total for the Romanian government, calculated for a royalty of 6%, analyst Ionel Blănculescu said in an interview. read more...
Romanian Foreign Minister Teodor Baconschi said, on Monday, in an exclusive interview given to AFP, that the political elite of the country “did not dialogue enough” with the citizens, while protests continue for a few days in Romania. read more...
President Traian Basescu urged Prime Minister Emil Boc to withdraw the new draft health law, at a news conference given at the presidential Cotroceni Palace this evening. read more...
The low-cost flights will be moving to the Henri Coanda – Otopeni Bucharest International Airport starting on March 25 this year, at the same time with the launching of the new summer timetable, the additional cost per passenger being estimated at 4.5 euros, Bucharest Airport Company spokesman Valentin Iordache told Agerpres on Friday. read more...
The call centres” procedure of taping the calls without the clients” agreement is illegal, Ombudsman Professor Dr. Gheorghe Iancu told a news conference in Targu Mures (north-west of the capital). read more...
"Fondul Proprietatea" (FP) is far from being a "bargain" for investors, the analysts of "Erste Group Research" say, as they their target price for the fund's stock by 30%, to 0.51 lei/share. Nevertheless, the estimate of "Erste" is 18% higher than the current quotation of the Bucharest Stock Exchange, and analysts recommend accumulating shares in the fund. read more...
Romania's exports have increased 15.1% in November 2011 compared to November 2010, according to preliminary estimates of the National Statistics Institute (INS). During the same period, imports have increased 11.2%. read more...
Ensuring the full implementing of the freedom of movement principle for Romanian workers in the EU space is a priority to the Romanian Foreign Affairs Ministry (MAE). read more...
Răzvan Rusu, the investment director of Certinvest, considers that the price of gold will not go above 1,900 dollars/ounce. In his opinion, the gold market is in a bubble, as investors have run away from the financial markets, which means the current price of gold is higher than its fair value. read more...
Răzvan Furtună, the head of the Treasury Products Sales to Retail Customers of BCR, part of the Financial Markets Division of the Romanian Commercial Bank (BCR), considers that the price of gold will continue to rise, as portfolio investments in gold are becoming attractive. read more...
The government decided to put up royalties for the exploitation of gold and other mineral resources, beginning 2012, the government’s spokesperson Ioana Muntean said. read more...
The National Bank of Romania (BNR) will contribute with other 781.2 million special drawing rights (SDRs) in increasing the social capital of the International Monetary Fund (IMF), as the Government approved. read more...
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