Archive » February 2009 » 19 February 2009 The english news from 19 February 2009
Renault strengthens team designing 200 Logan versions
Renault, which hired 2,200 people at Romania's Renault research centre, needs another 300 employees to develop the Logan range from around 70 versions at present to over 200 in the following years. Thus, in a car industry going through the most difficult period of the past 30 years, Logan is drawing further investments from the French group, considering the project achieved an operating margin of 6% in 2008, compared with Renault's 0,6% one…
The leu needs Euro 2-4 bln to overcome the crisis
Neither the government nor banks will have financing-related problems, but companies could face a financing void this year, warned the Governor of the National Bank of Romania (BNR), Mugur Isarescu. "Two, three, four billion euro" is the necessary financing for the national currency to overcome the crisis, according to the central bank official, who added that he is considering taking out a loan through the government…
Eurostat: Romania, EU leader in construction sector in December 2008
Romania has registered in December 2008 the highest annual growth in the construction sector (+16.1 per cent) in the EU-27, being followed by Slovakia (+10.3 per cent) and Poland (+5 per cent), the data publicized yesterday by the European Statistics Office (Eurostat) shows, Agerpres informs. In December 2008 the construction works registered a monthly drop of 1.7 per cent in the EU and one of 2.2 per cent in the Euro Area…
Romanian insurer ING Asigurari de Viata hikes business by 24% y/y in 2008, to lei 620.6m
Life insurer ING Asigurari de Viata, part of the largest Dutch insurer ING, posted gross premiums written (GPW) of 620.6 million lei last year, up 24 percent versus 2007, exceeding the initial estimates, the company announced today. The company expected GPW of 610.8 million lei last year, after it recorded business of 501.1 million lei in 2007…