Archive » July 2009 » 09 July 2009 The english news from 09 July 2009
Romania's core bourse BSE slides 1% at closing bell, financial companies SIF plunge over 2%
Shares of financial companies known as SIF dropped more than 2 percent on the Bucharest Stock Exchange (BSE) on closing, after the market declined about 1 percent, following fears regarding the global economy, which affected the large international markets…
Employees earn 25% less than last year
Salaries fell some 25 percent in the first half of this year, as companies focused on measures to stimulate results, by raising the share of performance bonuses in the total earnings of employees, according to market players. According to a survey carried out by the Hewitt Associates consultancy company published in May, 41 percent of companies cut their salary funds…
INS: The turnover of the retailing sector falls 12.3 pc
The turnover of the retailing sector, except for the retailing of motor vehicles and motorcycles, expressed as series adjusted in terms of working days and seasonal factors, decreased by 12.3 pc compared to the same month of 2008, and by 8.3 pc during January-May 2009, according to data released by the National Statistics Institute (INS)…
The stability of Romania's national currency unlikely to last very long, official deems
The stability of the national currency will not continue too long, according to the general manager of ING Bank Romania Misu Negritoiu, who deems the solutions applied by the central lender BNR and the International Monetary Fund are for usual situations, not for an economic crisis…
A Quarter Of Requests In "First Home" Program Are For Newly-Built Homes - Romanian Govt
Current data show that more than 25% of the applications for mortgage loans guaranteed by the state in the "First Home" program target newly-built dwellings, the Romanian government said Wednesday. Government officials said that about 10,000 applications have been submitted so far, out of which more than 25% targeted the purchase of new homes…