Archive » August 2010 » 23 August 2010 The english news from 23 August 2010
Olt Valley, most popular road in Romania
The Olt Valley is the most popular European road in Romania, being used every day by 30,000 motor vehicles on average, according to the managers of the Valcea section of Drumuri Nationale (DN). "A few days ago we completed a traffic investigation and a census, actually there are four such investigations. Two at Seaca on European road E 81, one at the Budesti point, where E 81…
Moody's: slower growth in Europe could spark ratings downgrades
Slower economic growth in Europe might spark downgrades to credit ratings for countries on the continent, as any slowdown could weaken the ability of individual countries to absorb additional shocks to the system, said, yesterday, Moody's Investors Service in a report, The Wall Street Journal reports.…
MTI set to layoff roughly 8,000 railway company employees
The Ministry of Transport and Infrastructure (MTI) is resolute to lay off between 7,100 and 8,300 railway company employees , which, along with other spending cuts, will lead to savings worth 788 M RON in 2011, compared to the current year, Mediafax reports. "We want to bring railway companies in a balanced state, given their annual…
Romania's agro-food trade deficit hits 700 M euros January through May
Romania's agro-food trade deficit amounted to 700 million euros January through May this year, which represents a drop by 2.2 percent from the same period in 2009, when it totalled 716 million euros, according to data the Ministry of Agriculture and Rural Development (MADR) sent to Agerpres. Romania exported agro-food products amounting to nearly 769.84 million in the first five months…