Archive » December 2008 » 12 December 2008 The english news from 12 December 2008

  • Foreign execs now accept 7,000 euros, instead of 10,000 euros six months ago

    Foreign managers who want to come and work in Romania accept 20-30% lower salary packages than a few months ago, say executive search companies. "Foreign executives interested in coming to work in Romania no longer have an expat status, as they did before the economic crisis…

  • Romania's central lender could make use of swap operations to lend foreign currency to banks

    Swap operations, by means of which Romania's Central Bank (BNR) could lend foreign currencies to banks on the short term, could represent a measure to support the banking system, in case it proves necessary, according to James Daniel Stewart, vicepresident at Raiffeisen Bank Romania…

  • Raiffeisen initiates talks to unblock lending

    Raiffeisen International, which controls one of the five largest lenders in terms of assets in Romania, launched the idea of a package of measures to unblock liquidities in the local banking system, worth 5 billion…

  • Romanian Salaries To Grow By At Most 10% In '09

    The growth pace for salaries in the Romanian private sector will slow down next year by at most 10%, due to reductions in human resources budgets and delays in recruitment, while the number of benefits will be reduced, as benefits will be selected depending on staff needs and performance…

  • EIB confirms strong support for green EU economy in Poznan

    The European Investment Bank (EIB) Group underlined its commitment to addressing climate change through its financing activities at the 2008 UN Framework Convention on Climate Change conference - COP 14 - in Poland. The EIB, which promotes EU priority objectives through its lending operations, was represented both at the high-level Finance Ministers' discussions in Warsaw and at the main conference in Poznan…

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