Archive » January 2009 » 08 January 2009 The english news from 08 January 2009
Banca Transilvania plans to buyback 5% of shares on the Bucharest Stock Exchange
Romania's fifth lender by assets Banca Transilvania announced it will buyback 5 percent the most of its shares on the capital market until the end of April this year, following a shareholding decision last year, according to a release sent to the bourse…
New car sales plunge as much as 70% in December
Dacia and Ford, two of the top five brands on the local automotive market posted 55% and 70% declines in sales last month, which is worse than the most pessimistic expectations. Preliminary data for the entire industry reveal an overall market decline of 70% in the last month of the year, down to about 10,000 vehicles…
Government forecast for 2009 growth "overly optimistic"
Macroeconomic scenarios for this year's budget are not optimistic, with a decline in economic growth, exports, and the exchange rate expected. According to a Finance Ministry press release, the government is forecasting a significant slowdown of the trade balance, with a 4.7 percent increase in exports, compared to 13.8 percent in 2008…
Romanian Labor Min, Unions, Employers Discuss Social Agreement
Romanian labor minister Marian Sarbu said Wednesday, before talks with unions and employers, that the representatives of the Executive wish to conclude a four-year social agreement with the social partners, as such an agreement is necessary for Romania…