Archive » December 2007 » 17 December 2007 The english news from 17 December 2007
E.ON Gaz Romania Sees Household Gas Prices Up 30% In 2008
E.ON Gaz Romania sees the country's household gas prices rising 10% in January 2008 and estimates prices will grow by 30% at the end of next year, the Romanian unit of Germany's giant E.ON said Monday. "Following price growths for imported natural gas, prices for final consumers should be hiked by nearly 10% starting…
Four out of five young Romanians seek employment abroad
Should the salary increase rates of the past two-three years be maintained, we can expect a good share of the Romanians who leave abroad for better jobs to return by 2010, indicates a Business Standard analysis report quoted by several central dailies.…
Private pensions fraud grow
From the start of the period to join privately managed pension funds until now, the Supervisory Commission of the Private System Fund (CSSPP) has registered a number of 433 intimations regarding forged signatures and use or forgery, according to data published by the Commission…
Liberals pick with majority of votes Norica Nicolai as justice minister
National Liberal Party vice president and Senator Norica Nicolai was picked by the members of the party's central bureau to be Romania's justice minister; some 28 votes were cast in favor and one against. Nicolai, a former prosecutor,was part of the Senate's legal committee. She is one of the party's strongest voices…
Ice hotel at Balea lake to be re-opened for Christmas
The Ice hotel at Balea lake (north west of Bucharest) is to be re-opened on December 25, the Christmas Day, Line Travel Agency informs in a release. Total length of this ice construction is of more than 28 meters…
Major deals in 2007
The energy market, the IT & C field, and financial services yielded the most significant business in 2007, with private deals dominating both in terms of numbers and value of the local business environment. The sale of oil group Rompetrol by its former owner, businessman Dinu Patriciu, estimated at some $2.7 billion, the Initial Public Offer (IPO) for state-owned gas distribution…
20 Million-Issued Milestone for MasterCard PayPass Demonstrating Global Shift to Contactless Payments
MasterCard Worldwide today announced the issuance of the 20 millionth MasterCard PayPass device globally. PayPass is now accepted at more than 80,000 merchants in 20 countries, a news release to BankNews.ro said on Monday. This latest milestone is consistent with the results of a Global Cash Usage Survey conducted in 2007…