Archive » August 2009 » 10 August 2009 The english news from 10 August 2009
The top three oil companies opt for investments or losses to counter the crisis
The crisis stimulated the top two players on the local oil market to launch new products and allocate funds for network development, even in an unfavorable environment, while LukOil Romania, the third-largest operator, in terms of market share, cut its investments to a minimum…
Arcelor Mittal severely damages Romania's economic interests
Recent press information show undoubtedly that industry giant Arcelor Mittal is playing an unfair game on the Romanian market, at least in the field of raw material transportation. According to recent information released by Agerpres, Romania's official press agency, Arcelor Mittal has decided to move its bulk raw material transportation and handling activities to the Bulgarian port of Bourgas…
IMF Mission To Romania To Present Conclusions On Monday
The delegation of the International Monetary Fund (IMF) will present in a press conference on Monday at 13:30 local time the conclusions of the first evaluation of the stand-by loan agreement with Romania approved by the board of the institution in May, the IMF said on Sunday…
Cabinet prepares massive public sector layoffs
The IMF team negotiates with government over making redundant some 100,000 - 150,000 civil servants by the end of next year, and freezing the pensions - except for minimum social benefits - in 2009 and 2010 and the salaries in the public sector until the moment when the Law on Salaries will come into effect, government sources announced…