Finance, Banking and Economic News
Romanian ruling coalition leaders propose that the Government should seek lawmakers’ confidence vote to adopt new labor legislation, Prime Minister Emil Boc said Monday, adding the matter will be discussed with ruling parties’ MPs. read more...
Romanian Prime Minister Emil Boc said Monday collective work contracts are not repealed through the country’s new Labor Code and will be regulated by a separate law. read more...
Fifty-three border police officers, including the head of the local border police, from the Albita border crossing point in eastern Romania were taken in for questioning Monday following raids at the customs point and suspects’ homes. read more...
Insurance companies Generali and Ardaf, controlled by Italian group Generali, will merge, but the brands and the sales networks of the two companies will be kept, announced the shareholder of the two companies. read more...
Romanian authorities raided Monday morning homes and offices of border police and customs workers in Albita customs, eastern Romania, where dozens are suspected of bribe taking and cigarette smuggling. read more...
Romania’s new Labor Code will create a more flexible labor market and will help Romanians find a job faster, Prime Minister Emil Boc said Sunday. read more...
Romanian house and apartment prices dropped some 10% between January 2009 and September 2010, according to data released by the national statistics institute INS. read more...
Romanian state-run subway company Metrorex awarded a EUR215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania). read more...
The Romanian Government expects to collect about 2 billion lei (EUR1=RON4.2493) from the car pollution tax this year, up RON437.5 million compared to the sum estimated to have been collected in 2010 and triple compared to that collected in 2009. read more...
Eight Romanian bank fraud suspects have been placed under arrest for 29 days following investigations and search operations carried out by organized crime prosecutors in Bacau, eastern Romania. read more...
Romania will officially come out of recession at the end of the first quarter of 2011, Prime Minister Emil Boc said Friday evening. read more...
Bulgaria registered some progress to reform the judiciary and its fight against corruption but efforts remain insufficient to be considered a good standard for the EU, the Cooperation and Verification Mechanism on Bulgaria reads, quoted by news agency Mediafax. Bulgaria needs to continue its reforms of the judiciary and its fight against corruption. read more...
Financial analysts have improved in February their outlook on Romania’s economic evolution over the next six months, as Romania ranks fourth in Central and Eastern Europe (CEE) as far as outlook is concerned, according to a ZEW survey. read more...
The Danube Strategy will be one of the topics to be discussed during the joint meeting of the Governments in Bucharest and Budapest, which might be held I the first part of this year, as long as Hungary holds the presidency of the EU Council. read more...
Romania’s General Prosecutor Laura Codruta Kovesi told a press conference on Monday in Targu Mures (central Romania) that implementing the new codes would be a problem this year not only for the Public Ministry, but also for the entire legal system. read more...
About 5,500 employees, of the 19,000 ones working with the power stations in Craiova, Rovinari and Turceni (southern Romania) as well as with the National Company of Lignite Oltenia (SNLO) might be on a short-time working scheme in the next two years for 24 months, said Ion Pisc, vice-president of the National Trade Union Bloc, at the end of the meeting with the representatives of the Ministry of Labour, Family and Social Protection. read more...
The e-Romania platform will become operational this summer, Minister of Communications and Information Society Valerian Vreme told a news conference at the weekend. read more...
Romanian new passenger car sales rose 16% on the year, to 4,399 units in January, the Automotive Manufacturers and Importers Association, or APIA, said Friday. read more...
Higher Court of Justice rejected on Friday the appeals formulated both by Romanian businessman Dinu Patriciu and by the Romanian Intelligence Service, SRI, in the trial in which the businessman sued SRI for illegally tapping his phones. read more...
Even though Romania was monitored by the EU and urged by several states to intensify its fight against corruption in order to join Schengen, the political class endangers its hopes, AFP reads on Friday. read more...
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