Finance, Banking and Economic News
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...
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...
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...
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...
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...
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...
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...
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...
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...
Registrations of Romanian Dacia cars in Spain increased by 145% in 2010, to 21,392 units, from 8,725 cars in 2009, while the overall Spanish car market climbed 3.1% to 985,208 units, according to car importer association ANIACAM. read more...
Romanian TV star Serban Huidu, who was severely injured after a fall on an Austrian ski slope last week was transferred on Monday from the Intensive Care Unit to a quarter of the University Hospital’s Neurology section. Huidu was in an induced coma for six days. read more...
Romanian foreign exchange reserves fell slightly to EUR32.43 billion in December, from a record of EUR32.8 billion in the previous month, central bank data showed Monday. read more...
Romanian carmaker Dacia’s new car registrations in France increased 70.9% on the year in 2010, while overall new car registrations saw a decline of 2.2%, according to the French carmakers’ association. read more...
The Romanian Constitutional Court will rule on a notification brought to the recently validated list of new High Council of Magistrates (CSM) members on January 19. read more...
Romanian TV star Serban Huidu, who was severely injured in an accident on an Austrian ski slope last week is doing better and better but he remains at Intensive Care for monitoring, Romanian news agency Mediafax reads, quoting the Hospital's spokesperson. read more...
Hungary took over on Saturday the presidency of the EU and the event was marked by Hungarian PM Viktor Orban's declarations, that these are good news for Europe, AFP informs. Hungary was recently criticized for the promulgation of a law that raises the issue of press freedom in Budapest. read more...
A new anti-smoking law was passed on Sunday in Spain, considered one of the toughest ever applied laws in this sector in Europe, Novinite informs. The new law bans smoking in all bars and restaurants, hospital courtyards and schools. read more...
The highlights of 2011 are the potential economic growth, the budget austerity, the inauguration of the Basarab overpass and of the Lia Manoliu stadium in Bucharest, as well as the potential improvement of European fund absorption, especially in the HR field. read more...
This year will see three of Europe's biggest retailers enter the Romanian market, which could change the face of Romanian retail, a 20 billion-euro market. read more...
The main trends on the 2011 capital market will be determined by the listing of Fondul Proprietatea (Property Fund - FP), which will increase visibility of the Bucharest Stock Exchange in the region and will force the main market participants (Stock Exchange, brokers, regulator, as well as investors) to modernise. read more...
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