Archive » December 2009 » 09 December 2009 The english news from 09 December 2009

  • E.ON posts Euro190 mln total losses in Romania

    E.ON Romania, the owner of former Distrigaz Nord and Electrica Moldova companies, has total losses worth RON 786 million (nearly €190 mln), from gas and electricity distribution and supply activities developed locally, the company's Chairman of the Board, Frank Hajdinjak, told Business Standard…

  • With or without political crisis, IMF not willing to re-negotiate budget

    Even if the political crisis is prolonged, the International Monetary Fund (IMF) is not willing to re-negotiate the budget deficit target in 2010 of 5.9 percent of the GDP, agreed on with the Romanian authorities. According to Tonny Lybek, the IMF representative for Romania and Bulgaria, the 5.9 percent target is anyway 'quite high', and the Romanian authorities agreed to it…

  • The labour market down over 1,100 jobs a day in 2009

    More than 386,000 Romanians lost their jobs and a further 30,000 will remain jobless at the end of this year and in the first months of 2010. The largest number of laid off employees are from the private sector, with most in industry, construction, and trade…

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