Archive » January 2009 » 25 January 2009 The english news from 25 January 2009
Dacia closes gates again tomorrow, for a fortnight, as the auto market strives to revive its engines
Romania's biggest car maker Dacia, owned by France's Renault, announced today it would halt production between January 26 and February 8, as the global and especially the national auto market continues its steep collapse. Activity at the car maker's plants will be resumed on February 9 and employees will be sent home in technical unemployment with 85 percent of the gross salaries in their pockets, according to the Dacia collective labor contract on 2008 …
World finance giants are vying over Property Fund
Eight of the largest international financial institutions are in the race for managing the four billion-euro assets of the Property Fund (Fondul Proprietatea). Yet their capacity to efficiently manage this money can be doubted considering some of them have been at the state's mercy lately or have had to restructure due to the financial crisis…
Banca Transilvania's net profit soared 32% in 2008
Banca Transilvania (BT), the largest lender with Romanian private capital listed on the stock exchange, could post a net profit worth RON 377.9-452 million (€102.6-122.7 mln) for 2008, up some 32 percent year-on-year, said financial analysts interviewed by Business Standard. The bank's assets are expected to have amounted to the maximum threshold of €4.71 billion by the end of 2008…
Romania To Release 10,000 Work Permits For Foreigners In '09
Romania will release nearly 10,000 work permits for foreign citizens in 2009 and the number could go up in ratio with market requirements, Marius Lazar, secretary of state with Romania's Labor Ministry, said Sunday in western city of Arad. Lazar said the decision to release nearly 10,000 work permits was made following talks between ministry officials, social partners and owners' associations…