Archive » March 2009 » 31 March 2009 The english news from 31 March 2009
Romanian insurer Generali Asigurari revises downwards by 41% net profit estimates for 2009
Generali Asigurari, the Romanian unit of Italy's biggest insurer Assicurazioni Generali Spa, expects a net profit of 24.59 million lei this year, down 41 percent over the year before, considering the risk of canceling some policies following owed and uncashed premiums from some clients…
Romanian companies to receive inexpensive funds
Small and medium-sized enterprises (SME), the industry, and the infrastructure sectors will be the main beneficiaries of funds from the European Investment Bank (EIB). The interest rate will be computed based on the Euro Interbank Offered Rate (Euribor, the interest rate on euro loans applied by major European lenders)…
Romanian Azomures Puts 600 Employees On Tech Unemployment In Apr
Romania's fertilizers plant Azomures (AZO.RO) will put approximately 600 employees on technical unemployment in the first part of April, according to "Alternativa 2002" trade union. "Sending the people on technical unemployment will be made gradually, in the first part of April…
The confidence in the Romanian economy at the lowest limit
The index of the confidence in the Romanian economy dropped 4.8 points in March, to a new record minimum, Mediafax informs. However, the monthly decline was less marked than in February, of 10.4 points, according to the European Commission, which calculated for the Union an average falling rate of 0.6 per cent…
SMEs contemplate reducing their activity
Most of the SME owners, meaning 83 per cent, have negative estimates regarding the profit that they will obtain this year, says the president of the National Union of the Romanian Owners (UNPR), Petre Milut, quoted by Adevarul Online. Thus, according to the owners' associations, 76 per cent of the interviewed SMEs intend to adapt themselves…