Archive » February 2010 » 16 February 2010 The english news from 16 February 2010

  • IMF Board to discuss Report on Romania, on February 19

    International Monetary Fund (IMF) Board of Governors will discuss on February 19 the Evaluation report on the fulfillment of provisions of the Stand-By Agreement with Romania, following which the third and the fourth loan tranches could be transferred, in value of 2.3 billion euros, according to an information released on Friday on the IMF site…

  • Pierre Lellouche: Anti-missile shield must be conceived alongside Russia

    Secretary of State for European Affairs Pierre Lellouche stated on Friday, in Bucharest, that the anti-missile shield issue the Americans want to locate in Eastern Europe must by discussed 'between Europeans' primarily and gave assurances that the system is not destined to anger Russia…

  • Statistics: Romania's economy shrinks 1.5% in Q4 over Q3, fails to escape recession

    Romania's gross domestic product (GDP) compressed 1.5 percent in the last quarter of 2009 versus the previous trimester, while on the entire year, the economy reduced 7.2 percent over 2008, preliminary data published by the National Statistics Institute (INS) show…

  • Romanian economy drops 7.2% in 2009. Inflation up 1.68% in January

    Romania didn't manage to get out of the recession in the last 2009 quarter. The Romanian National Statistics Institute published on Friday, February 12, data indicating that the GDP contracted by 7.2% in 2009 and the inflation increased to 1.68% in January 2010, in contrast to 0.3%, the inflation in December 2009…

  • Romanian M&A barely reaches €1 billion

    Romanian M&A market reached €1.045 billion last year, while 80 deals worth over €1 million were shelved, according to a Capital Partners report. As Capital Partners has been keeping track of mergers and acquisitions for one year only, the report doesn't indicate the decline rate in the deal activity…

  • Volume of construction works down 15 pct in 2009

    Volume of construction works, unadjusted series, fell 15.1 percent in 2009 compared to 2008, according to provisional data released by the National Institute of Statistics (INS). Capital repair works declined 24.1 percent, new construction works slid 13.8 percent and maintenance and current repair works dipped 13.2 percent in 2009, compared to 2008…

  • BNR takes into consideration for 2010 price increase for gas, thermal energy and electricity

    BNR takes into consideration, in the basic scenario regarding the inflation prognosis, an increase of the tariffs by 5% gas, 4% electricity and 5.2% thermal energy with the exception of the last category the other price increases being over the previous estimates made by the central bank…

  • CNIPMMR requests removal of lump sum tax

    The representatives of the Romanian National Private Small and Medium Size Enterprises Council (CNIPMMR) express disagreement with the creation of the lump sum tax, as well as with the maintenance of the minimum tax, considering the difficulties generated by the financial downturn and by the excessive taxation…

  • BVB posts RON 8 million in profit, with business falling 40 pct

    Bucharest Stock Exchange (BVB) posted 8 million (1.88 million euros) in net profit last year, down 25 pct compared to 2008 figure, but leaving behind initial estimates, of RON 6.5 million.Turnover dipped more than 40 pct, down to RON 12 million (EUR 2.83 million), amid collapse in the value of transactions on the Stock Exchange by 45 pct, and also due to 10 pct cut in trading commissions, in March 2009…

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