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Romanian Govt To Write Off RON1.1B Debts Of Heating Plants - Min
The Romanian Government will write off 1.1 billion lei (EUR1=RON4.2397) worth of debts of 35 thermal power plants that are under the subordination of city halls, in a three month period at most, minister of Administration and Interior Dan Nica said Monday…
Agriculture could be main beneficiary of Romania's EU accession
Romania has a gross domestic product per capita a little over 40 percent of the average of the 27 European Union member states, says the Partnership Strategy with Romania released by the World Bank. There are, however, delays both in the development strategy and in the national reform programme, with the latter being revised by the European Commission on an annual basis with a view to attaining the EU convergence goals, the World Bank added…
Traian Basescu asked for a fair quality- price ratio in tourism
President Traian Basescu complained Monday to the Tourism Advisory Council, in Neptun, about the lack of qualified personnel in tourism and said that there should be a fair quality- price ratio, considering that Romania should be redefined as a tourist destination…
Adobe Romania: Demand for IT specialists fell 40% from 2008
Adobe Systems Romania is currently hiring IT specialists, most of them with experience of one to five years, for positions such as web developer and software engineer. The company is also looking for senior specialists, with over five years of experience, for positions such as senior web developer and senior software developer, and professional for management positions, such as software development manager…
Public debt up by 10 pc in first 5 months
Romania's public debt has grown by 10 per cent in the first five months of this year, reaching RON 120.71 bln, Hotnews.ro informs quoting the Ministry of Finance. The figure represents 22.72 per cent of GDP, the latter being estimated at RON 351.3 bln this year…
How much will banks pay for each deposited leu at the end of 2009
Bankers could set the interests for lei-denominated deposits at an annual 7-8 percent, by the end of the year, which means less than half the interests offered in February, according to financial analysts. Some experts on the financial market said that this is the maximum threshold that banks would be willing to pay, especially since loans are also becoming less expensive…