Archive » March 2010 » 17 March 2010 The english news from 17 March 2010

  • What kind of salaries construction workers expect to earn?

    Over half (54%) of marketing agents in construction industry expect their salaries to remain at last year levels, while 16% anticipate a payroll cut in 2010, an IBS Focus survey found.22% of the surveyed marketing agents anticipate a 5% decline in their salaries in the first six months this year from the same period of 2009…

  • The number of companies with suspended activity continues to grow

    A number of 12,886 companies suspended their activity for the first two months of the year, more by 4.7 against the months of January and February 2009 when there were 2,710 such cases, according to the National Office of the Trade Registry (ONRC)…

  • WIIW Study : The economic recovery will have to wait in Romania

    Romania, similar to Bulgaria and Hungary will come out of the recession in 2010, when there will be an economic growth of 0 after a contraction of the GDP of 7.2% in 2009, the Institute for International Economic Studies in Wien (WIIW)says in a recent study…

  • BVB trading value up 17 pct in 2nd week of March

    The value of trading on the Bucharest Stock Exchange (BVB) went up by 17 percent in the second week of March to a total 232.59 million lei (about 55 million euros), out of which 44 percent was trading in bonds, shows an analysis conducted by Puls Capital information and analysis newsletter…

  • Egyptian investments in cheap houses in Romania

    Orascom Development Holding AG a company led by the tycoon Samih Sawiris wants to spend 5 billion Egyptian lyras ( 913 million dollars) for the construction of cheap houses in Europe and Middle East with the purpose of generating a stronger growth rhythm, Bloomberg says. The company aims at Romania, Turkey and Iraq, Sawiris says…

  • Data Plus Networks wins 2.3mln lei telecom upgrade contract

    Data Plus Networks won a 2.3 million lei contract for the upgrade of the voice and data communications network of the state-run electricity supplier Electrica Distributie Transilvania Nord, according to the e-auction site, e-licitatie.ro. The telecom infrastructure upgrade contract involves the upgrading of its PSTN-based system to voice over internet protocol…

  • Romania will not give Bulgaria some of its share of fishing plaice

    Romania will not yield to Bulgaria some of its fishing share for plaice in the Black Sea as European regulations do not specify it, the secretary of state in the Ministry of Agriculture, Danut Apetrei said. "Bulgaria requested that we yield a quantity of 1.1 tons of our share of fishing plaice not used in 2009"…

  • Bucharest goes up to two places in the top most expensive industrial locations

    Bucharest took the 36th spot in the Cushman & Wakefield's list of most expensive prime industrial locations in the world by rents, up ten places from last year. In Bucharest a company pays a rent of €57/sqm/annum for prime industrials spaces, or €4.75/sqm/month…

  • e-Romania strategy gets almost half billion euros for implementation

    The Government approved the e-Romania national strategy proposed by the Communications and Information Society Ministry (MCSI), and allocated almost half a billion euros for the period 2010-2013, MCSI release reads. The e-Romania strategy has in view the modernization of the state through computerizing the interaction of the public services with the citizens and the companies…

  • Mother-branches invested 3.5 billion euros in Romania last year

    Companies in Romania with foreign capital have received last year capital injections worth of 3.51 billion euros from their foreign shareholders, namely 11%less than in 2008, when capital infusions raised to 3.98 billion euros, according to Romanian Commerce Registrar National Office (ONRC)…

  • Hungary, Romania and Poland have led EU average inflation to 1.4% in February

    Hungary, Romania and Poland are the countries that have influenced the European average inflation rate to go up to 1.4% in February 2010, the official estimate published by the European Office of Statistics - Eurostat indicates. Hungary recorded in February the highest annual inflation rate in the European Union, namely 5.6%, followed by Romania with 4.5% and Poland, with 3.4%…

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