Archive » December 2008 » 17 December 2008 The english news from 17 December 2008
OTP Bank Romania releases 5% of its 1,100 employees as it reorganizes its activity
The Romanian branch of the Hungarian OTP Bank will have to let 55 of its employees go next year, the first stage of the dismissing process being scheduled for January, as a result of the activity having been centralized, declared the bank's president Laszlo Diosi…
Allianz Tiriac expects less than 10% growth for general insurance
Allianz-Tiriac, the leading player on the insurance market has budgeted an under 10% increase on the general insurance segment, which accounts for 90% of the insurer's overall business, while so far, the company has seen two-digit growth. "It hasn't been easy to put together the 2009 budget…
The Governing Program is not even a "letter of intent"
Analysts and businesspeople said that the 2009-2012 governing program drafted by the Democratic-Liberal Party (PD-L) and the Social Democratic Party (PSD) "is not an operational economic program, but rather a list of goals, a letter of intent at best."…
New Govt Plan To Lead To 6% Of GDP Budget Def In '09 - Romania's Fin Min
The fiscal incentives in the new Romanian governing plan draft, the VAT cut, supplementary allowances for health, education and minimum pensions will lead to a budget deficit of 6% of the GDP in 2009, Romania's finance minister Varujan Vosganian said Tuesday…