Archive » March 2010 » 10 March 2010 The english news from 10 March 2010

  • Grim outlook for Bucharest malls: high vacancy rates and poor sales

    Shopping centers in Bucharest have a total retail floorspace of 500,000 sqm, and with a development pipeline figure of around 3 million sqm across the country, the vacancy rate is very likely to climb and tenants sales figure to fall short of expectations, according to a research by RegioPlan Consulting, an independent trade consulting and market research company…

  • South-Korean company to build electronic parts factory in Oradea

    Shinheung south-Korean company, one of the Samsung suppliers started to build the first workshop in the industrial park Eurobusiness Parc Oradea where in July there will start production, production worth 20 million euro. The mayor in Oradea, Ilie Bolojan stated, in a press conference organized in Eurobusiness Parc, that the first company to function in the industrial park has started to lay the foundations…

  • February unemployment rate climbs to 8.3%

    Unemployment rate jumped 0.2% in February to 8.3%, pushing the number of jobless to 762,000, data from the Labor Agency (ANOFM) show.Unemployment rate increased by 0.2% in February to 8.3% from 8.1% a month earlier.The total number of jobless rose to 762,375 of which 622,765 from the private sector, and the rest from the public sector…

  • Romania keeps its target : euro starting January 2015

    The convergence programme of Romania for 2009 - 2012 updated in February this year focuses on the reduction of the budgetary deficit under 3% of GDP and keeps the commitment to adopt the euro starting January 2015. The reduction of the budgetary deficit under the level of 3% of GDP in a sustainable way and Romania accession to the euro zone are the main commitments assumed by the government in the latest edition of the convergence programme…

  • Romania will launch 1 billion euros worth of Eurobonds

    Romanian Central Bank (BNR) vice-governor Cristian Popa and Finance minister Sebastian Vladescu have stared on Monday, March 8 2010, a promotion tour: Romania will launch a Eurobonds issue on foreign markets. "Technically speaking, these road-shows used to be meetings between Romania's reps with foreign investors - banks, risk funds s.a. Romania's representatives will introduce a kind of Memorandum…

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