Archive » July 2009 » 07 July 2009 The english news from 07 July 2009

  • Romania's unemployment rate hikes to 6.9% in Q1, on international labor standards

    The unemployment rate, calculated for persons aged 15 - 74 who do not have a job but are willing to work and have looked for a job in the past month, hiked to 6.9 percent in the first quarter of the year, 1.1 percentage points on the previous quarter, the country's statistics body INS announced…

  • Borrowers behind on payments represent almost 20 pc of banks' debtors

    The number of borrowers of at least RON 20,000 who are behind on payments rose by 8.07 per cent in May compared to April, exceeding the threshold of 200,000 for the first time, and coming to stand for almost 20 per cent of the banks' total debtors, both individual and corporate borrowers, according to BNR data, Mediafax informs…

  • Romania's May Net Salary Dn 3.7% M-M To RON1,356

    Romania's net average salary in May was at 1,356 lei (EUR1=RON4.2036), down 3.7% compared with RON1,408 in the previous month, the National Institute for Statistics, or INS, said Monday. The gross average salary was at RON1,855 in May, down 3.9% compared with the previous month…

  • Romania's stock market plunges in today's session, on the weakest share trading volume this year

    The Bucharest Stock Exchange (BSE) ended the first session of the week in the red, with falls of up to 2.3 percent for the financial sector of the five SIFs, on the lowest liquidity this year for the share segment, of only 2.81 million lei. Trading values hiked to 29 million lei (6.88 million euros), underpinned mainly by transactions with bonds and state securities…

  • 16 companies on BVB to lay off 5,000 employees

    The drop in demand for manufactured products and the need to cut costs led several companies listed on the Bucharest Stock Exchange (BVB) to forego over 5,000 employees this year, according to an analysis made by Business Standard, based on data reported by 16 companies…

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