Archive » December 2008 » 04 December 2008 The english news from 04 December 2008
BNR is 3-6 months behind the real economy
One of the top players on the transaction market, investment banker Doru Lionachescu, says that the National Bank of Romania (BNR) has not been in line with the country's evolution amid the global crisis. Lionachescu, currently Managing Partner of Capital Partners…
Gross average wage in Romania to reach 753 euros in 2014 after entering the Eurozone
The monthly gross average salary in Romania will stand at 753 euros in 2014, the first year when the country's national currency will be the euro, according to the on-going convergence program, the Forecast Commission (CNP) gauged.…
PwC: Layoffs should be companies' last resort in times of crisis
Companies can choose from at least five ways of slashing labour costs before resorting to layoffs, considers Ruxandra Stoian, a HR consulting services manager with PricewaterhouseCoopers (PwC) Romania.…
Romania's ANRE Might Keep Current Gas Price By 3Q '09
The current gas price might be kept in Romania until the third quarter of 2009, when it might slightly go down due to lower crude oil and imported natural gas tariffs, Gabriel Sarbu, head of the Price Department within the country's energy watchdog ANRE, said Wednesday.…
The number of new companies set up in Romania rises only 0.7% owing to the crisis
The number of newly-set companies in Romania increased only 0.7 percent this year until November 17 over the similar period last year, while bankruptcies doubled, because of the financial turmoil, data from Trade Registry Office (ONRC) show…
What will CEC do with the 235m-euro state injection?
The state will inject 450 million RON (117 million euros) in the capital of CEC Bank in the first quarter of 2009, seeing the bank as playing a decisive role in lending money to the economy, while the management is looking at the financing of the rebranding process…
Small stock market investors becoming extinct
The low prices of shares on the Bucharest Stock Exchange (BVB) and the high volume of stock sales have led to a significant drop in the number of small investors on the local capital market…
Romania's 11-Mo Budget Def At 2.9% of GDP, On Drop In Revs
Romania's budget deficit widened to 2.9% of the gross domestic product, or GDP, after the first 11 months, due to a slump in budget revenues in the last two months, following the international crisis, the country's Finance Minister Varujan Vosganian told MEDIAFAX on Thursday…