Archive » January 2009 » 14 January 2009 The english news from 14 January 2009

  • Germany's Leoni To Close Plant S Romania, 200 Jobs Cut

    German auto wiring systems maker Leoni, a supplier for Dacia automaker, will close down one of its four plants in Romania, namely the plant in southern Mioveni, near the Dacia factory, due to lower demand, the company said Tuesday. Thus, over 200 employees will lose their jobs…

  • Second government plan to counter the crisis

    Establishing two funds worth E1 billion each, one to guarantee up to 50 percent of loans to continue investments, and the other for the crisis, to support small and medium-sized enterprises (SME), to lower the Cash Reserve Ratio (CRR) for working capital and investment loans…

  • Foreigners make 40% more investments in November

    Foreign investors continued to contribute to the capital of their Romanian branches in November, with the value of their capital contributions being nearly 40% higher than in the same month of 2007, despite the international financial crisis…

  • Romania's largest carmaker Dacia to lay off some 4,000 people until April if sales go down

    Romanian automaker Dacia, owned by France's Renault, could fire about 3,000 - 4,000 employees by April if sales fail to rise and on reduced orders, said the company's executive manager for communication, Liviu Ion. He said no one wants to take drastic measures, but if sales for new vehicles remain at the same low level as in the past three months, than the company is likely to dismiss some employees…

  • Annual inflation of 6.3 pc in December 2008, below BNR estimates

    The inflation rate registered a slight fall last year, to 6.3 per cent, against 6.57 per cent in 2007, a level below the expectations of the analysts and of the central bank, on the background of a good performance in December, when the consumer prices rose only 0.23 per cent, according to INS data.…

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