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News Archive for October 1st, 2009
News from Romania. News Archive for October 1st, 2009
How businesspeople are reacting to the political crisis
The political crisis triggered by the splitting of the ruling coalition will delay Romania’s economic rebound, drive away potential investors, [... more]
Economic effects of the resignation of PSD ministers
The ruling coalition, which included the Social Democratic Party (PSD) and the Democratic Liberal Party (PDL) split yesterday, after all PSD [... more]
WTC to build new Ibis hotel in Bucharest
The World Trade Center (WTC) company, which controls the 4-star Bucharest Pullman hotel at Presei Libere Square, will begin the construction of a [... more]
Ray Breden: The levels of tax per se do not affect the size of the black economy
The Romanian state should raise taxes, considering the declining budget revenues and the wide deficit. Value-added tax (VAT) and the flat tax [... more]
Cosmote enters the corporate landline phone market
Cosmote Romania, the third-largest telecom operator in terms of number of users, plans to consolidate its business client base through an [... more]
Romanian President Signs Decrees Appointing Interim Democrat Liberal Ministers
Romanian President Traian Basescu signed Thursday the decrees appointing interim democrat liberal ministers at the headship of the ministries left vacant by the [... more]
Romanian Democrat Liberals To Take Over Social Democrats’ Prefect, State Secretary Seats
The Romanian Government on Thursday replaced the prefects and the state secretaries backed by the Social Democratic Party with people supported by the [... more]
Romania’s New Govt Able To Work After Social Democrats’ Resignation – President
Romania’s President Traian Basescu said Thursday the social democrat ministers’ resignation is not a good thing, but this is far from being a tragedy, and [... more]
Medical Staff Facing Emergency Cases To Benefit From Telemedicine Support – Health Min
Romania’s Health Ministry finished a EUR1 million telemedicine project for emergency cases that will be available in seven counties and will offer assistance [... more]
Romanian PM Must Find Parliament Support For Govt To Function – President
Romanian President Traian Basescu said Thursday that Prime Minister Emil Boc must find a majority in Parliament to ensure the functioning of the Government, [... more]
Romanian PM Announces Structure Of New Govt After Social Democrats’ Pullout
Tiriac: Dacia has gained stature in Europe, not just sales
It will take another six months before the automotive market, which is currently down 60% compared with last year, will recover from the crisis, Ion Tiriac [... more]
NBR quenches banks’ thirst with 12bn-RON loan
While the RON was under pressure on the forex market, the NBR (National Bank of Romania) granted banks a record-high refinancing loan worth almost 12 billion [... more]
Domo gains 5% of electronics and home appliances market despite 20% sales decline
TechnomarketDomo (TMD), the second-largest electronics and home appliances retailer on the Romanian market reported a 21% sales decline in the first half of [... more]
Romanian President Signed Revocation Of Social Democrat Ministers Who Resigned
Romanian President Signed Revocation Of Social Democrat Ministers Who Resigned
Traian Basescu signs Interior minister dismissal
The Romanian president Traian Basescu on Thursday signed the prime minister’s proposition of dismissal in the case of social democrat Interior Minister Dan [... more]
PSD secretaries of state to resign
The Romanian social democrat secretaries of state will resign from the government in solidarity with the social democrat ministers. Social democrat [... more]
Coalition Split Pressures Romanian Leu, Endangers IMF Targets – Analysts
The ruling coalition collapse will put pressure on the Romanian leu, while a minority government will endanger the targets established in the agreement with [... more]
Coalition Split Pressures Romanian Leu, Endangers IMF Targets – Analysts
The ruling coalition collapse will put pressure on the Romanian leu, while a minority government will endanger the targets established in the agreement with [... more]
Romanian PM Assures EU Ambassadors Govt Will Keep Political Stability
Romanian Prime Minister Emil Boc assured ambassadors to Bucharest of European Union countries that the Government will maintain political stability despite the [... more]
Romanian PM Assures EU Ambassadors Govt Will Keep Political Stability
Romanian Prime Minister Emil Boc assured ambassadors to Bucharest of European Union countries that the Government will maintain political stability despite the [... more]
PSD does not exclude a future collaboration with PD-L: In life and in politics, never say never
PSD had an "extremely disappointing experience" following their choice to govern alongside PD-L. But social-democratic leader Mircea Geoana said that [... more]
Liberal leader: PNL will submit a censorship motion. This Government is utterly unrepresentative, without any parliamentary majority
PLN president Crin Antonescu declared in Timisoara on Thursday that his party will keep an eye on the manner in which the temporary minister roles will be [... more]
Social democrat ministers quit, coalition government splits
The Romanian social democrat ministers in the center-left coalition government handed in their resignations Thursday after president Traian Basescu endorsed the [... more]
Investors that brought modern retail to Tecuci and Fagaras adjust business plans
Oasis Retail Development & Consulting development firm has put a strong brake on investments in the ten shopping centre network for which it has bought [... more]
ING: BCR acquisition would have put us on the top spot, but we would have missed opportunities
Netherlands' ING was the first foreign entity to enter the Romanian financial market in 1994 and it has so far expanded organically, ranking tenth in [... more]
Electrica sales down 40% nine months into the year
State-held Electrica, one of the largest electricity transmission and supply companies on the Romanian market, says electricity sales to the large consumers [... more]
Profi network, with 95m-euro turnover, put up for sale
The Profi chain, third largest player on the discount stores market, has been put up for sale by its shareholders, with the transaction to be completed with [... more]
“Jeans scrappage scheme”, after cars, home appliances and sports shoes
After the scrappage scheme for cars and home appliances, Lee Cooper, the store chain that sells jeans clothing has launched a wardrobe renewal scheme, [... more]
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