Finance, Banking and Economic News
Valentin Ionescu, Bucharest Stock Exchange (BSE) general manager, has publicly doubted Romgaz, the biggest domestic gas producer, could be floated this year, as preparations for the launch of a stock offering have not started, yet. read more...
The four hotels of Bucharest, Rin Grand Hotel, Confort Traian, Rin Otopeni and Confort Otopeni, with 2,100 rooms overall, controlled by Ionuţ and Robert Negoiţă (a PSD deputy), last year generated 14.1m-euro turnover, down almost 8% from the previous year, according to the company's officials. read more...
The listing of Fondul Proprietatea (Property Fund-FP) on a foreign market is causing the first cracks in the relationship between the management of the Bucharest Stock Exchange (BSE), which does not want a new listing, and American group Franklin Templeton, which plans to bring the Fund to London, Warsaw or Vienna, giving assurances the Romanian market would not lose liquidity as a result. read more...
Alexandru Drăgoiu, the businessman who owns E-Boda electronics brand together with Honorius Prigoană, is considering launching a PC tablet this year. read more...
Claims settled by insurers for bodily injuries suffered in the wake of car accidents rose, as a weight in total indemnities paid for civil liability car insurance (RCA), around three times in 2010 year-on-year, in line with calculations based on data and estimates by the National Union of Insurers and Reinsurers in Romania (UNSAR). read more...
The widows of the five miners killed in a methane explosion Saturday at the coal mine in Uricani, southern Romania, will get jobs at the Natioanl Coal Company CNH, said Labor Minister Ioan Botis. read more...
The five miners missing in the Saturday afternoon explosion at the Uricani mine, southern Romania, have been killed in the blast, said local mayor Danut Buhaescu. read more...
Five or six miners are trapped underground following a blast Saturday afternoon at the Uricani coal mine in southern Romania, mine officials said. read more...
The general manager of the Bucharest stock Exchange, Valentin Ionescu, said Saturday he doesn’t want investment fund Fondul Proprietatea (FP.RO) listed on other stock markets because it’s an issuer than can help consolidate the local market. read more...
Romanian Agriculture Minister Valeriu Tabara told a news conference Saturday it is inadmissible Romania has come to import milk and dairy products that aren’t always of the highest quality. read more...
Romania’s three opposition parliamentary parties on Saturday signed a protocol forming the Social-Liberal Union, a political alliance of liberals, conservatives and social democrats. read more...
Romania’s opposition Liberal Party leader Crin Antonescu said Saturday polls ordered by the party show 62% to 68% of Romanians would vote for the Social-Liberal Union, the alliance of liberals, social democrats and conservatives. read more...
Romanian President Traian Basescu said Friday Romania will not ask to be considered for Schengen separately from Bulgaria, even though reports show Romania has met all technical criteria and Bulgaria hasn’t, the president’s office said in a press release Saturday. read more...
Romanian President Traian Basescu said Friday at the European Council meeting in Brussels that non-EU countries like Serbia and the Republic of Moldova should be connected to the EU’s single energy market, which is set to be established by 2014 the president’s office said in a press release Saturday. read more...
The impact of Egypt’s protests is very high for Romanian tourism agencies. Compared to Tunis, which was a decreasing market in the last three years, Egypt was an increasing market, tourism consultant Traian Badulescu concludes in an analysis for HotNews.ro on the impact of Egypt protests on tourist operators in Romania. read more...
PM Boc invited Chinese businessmen to invest in Romania in a series of projects that will be conducted in a public-private partnership, like the Comarnic Brasov highway or the Sibiu – Pitesti highway. The offer was launched during a meeting between the PM and representatives of the Chinese state, to mark the new Chinese year. read more...
Romanian’s Prime Minister Emil Boc said Friday the Government and the business environment must share responsibility concerning the absorption of European funds. read more...
The European Commission has triggered infringement procedures against Romania for limiting the authorization of fiscal warehouses to energy products through government emergency decree 54/2010 amending the Tax Code, the Romanian Union of Road Transporters said Friday. read more...
Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday. read more...
Most insurers on the Romanian market are not prepared financially for a new earthquake like the one in Bucharest in 1977, mainly because of the lack of reinsurance, said Cristian Constantinescu, president of the National Union of Romanian Insurance and Reinsurance Companies (UNSAR). read more...
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