Archive » December 2008 » 09 December 2008 The english news from 09 December 2008

  • Net average salary in Romania grows 2.4% m/m in October to 1,327 lei, above labor productivity

    The net average wage in Romania added 2.4 percent in October versus September, to 354 euros, beating the growth pace of labor productivity to the risk of economic gaps, according to the country's statistics body (INS). It tempered annual advance to 22.4 percent in October, from 24.6 percent in September. Romanians earned a net average wage of 1,296 lei in September…

  • UniCredit: The ones with an accurate perception of volatility probably gained a lot

    For Bucharest dealers, 2008 was the most difficult year in living memory, as it was on the international markets, too, but 2009 will not start on favourable premises, either, says Dorin Badea, head of UniCredit Tiriac Bank treasury. "2009 starts under unfavourable conditions compared with 2008 for the overall financial markets and for us, too, due to the higher risk aversion globally…

  • Businesspeople: Romania to go into recession in 2009

    Romania will go into recession in 2009, with high unemployment, and economic growth estimated by authorities at 3-6 percent is considered unrealistic by representatives of the business environment. "We are going into recession, which will result in unemployment and deflation, and methods of countering the economic decline are based on reducing and optimizing taxes"…

  • Two Thirds Of Romanian Employees Fear For Their Jobs Over Crisis

    Two out of three Romanian employees fear for their jobs because of the international financial crisis, and the most concerned are people aged 18 to 25 and those working in agriculture, real estate, telecom, finance and administration, according to a poll conducted by online recruiter NetJobs…

  • Romania's economy to grow 3.2% in 2009, World Bank says

    World Bank estimates Romania's economy will advance 3.2 percent next year and the current account deficit will narrow to 8.6 percent of the gross domestic product (GDP). It also sees an economic growth of 8.6 percent for Romania in 2008, according to the Global Economic Prospects 2009 report published today, and a current account gap of 15.5 percent of the GDP…

  • Euro rate cut not passed onto local customers, bankers say

    The interests on euro have fallen on the international markets, but bankers say that we cannot yet expect credits to become cheaper on the domestic market, given that refinancing costs are high. Still, those who took out loans in the past whose interest was tied to EURIBOR are already feeling the effects of the interest cuts operated by the European Central Bank…

  • One in three apartments taken off the market

    One third of one-bedroom and two-bedroom apartments were withdrawn from sale last month, according to the Anunturiparticulari.ro web portal. Statistics compiled by the portal show that the apartment market declined by 42 percent for studio apartments, by 35 percent for one and two-bedroom apartments, and by 21 percent for three-bedroom apartments…

  • Romanian Car Dealers Stage Protests Against Triple Car Tax

    Officials of 40 used-cars dealerships in Salaj County, northwest Romania, said will organize protests on Thursday against the government's recent decision to triple the registration tax for used cars. "The tax brings nothing good; it will only push us to bankruptcy. We will protest against it () and we will ask that this abusive, aberrant and illegal tax is eliminated,"…

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