Archive » August 2010 » 31 August 2010 The english news from 31 August 2010
Index of trust in Romanian economy picks up in August
The index of trust in Romanian economy is on the rise in August, as consumers' expectations rose and prospects of retail trade and constructions are more optimistic, according to a monthly poll of the European Commission. At the same time, the prospects in industry remain unchanged compared to the preceding month, and trust in the services sector dropped. Thus, the index of trust in the economy…
ECB head worried by central bank salary cuts
On August 19, Romania's Finance Ministry filed to the European Central Bank a draft ordinance in which salary cuts applied to employees of the National Bank of Romania (BNR) were "masked," after the previous ordinance had received a red light from the ECB, HotNews informs. ECB President Jean-Claude Trichet once again expressed his "concern" with the fact that the Finance Ministry…
Furniture exports amount to 356 million euros in first four months
Romania's furniture exports, in first four months, totalled 356 million euros, by 7.3 percent higher than in the prior year's same period, according to the National Institute of Statistics' data. The imports amounted to 90.4 million euros, by 12.1 percent lower compared to those of January-April 2009. Some 50,600 people worked in the furniture industry at the end of April, the net average earning amounting to 949 lei at end-June. …
Multinational companies need more employees
Romanian companies manufacturing goods for the local market announce layoffs, whereas multinationals are hiring more employees, according to a survey by "Gandul" daily newspaper. Microsoft, Amazon, Oracle, Ford and Dacia are among the top companies recruiting employees. "Foreign companies are more upbeat given business gets better. They are already readying for next year, when they expect things to go even better…
Lower wages at BNR, money transferred to national reserve
The 25 per cent wage cuts of National Bank of Romania (BNR) employees will remain in force, after the Government modified the law which imposed the cuts, Mediafax reports. However, the money resulting from the cuts will no longer be allotted to the state budget, but will remain instead at the disposal of the central bank, contributing to boost the bank's statutory reserves, a Government spokesperson, Ioana Muntean (photo), stated.…
IMF: Romania salary expenditure to be cut down to 2005 levels
The salary expenditure in the Romanian public sector will be cut in 2011 down to the 2005 levels of 7.4 percent of gross domestic product, the International Monetary Fund (IMF) representative in Romania Tonny Lybek said at the Palace of Parliament on Tuesday. He stressed the Romanian economic programme is backed by the IMF, the European Commission, the World Bank and other international financial institutions…