Archive » November 2007 » 23 November 2007 The english news from 23 November 2007
Romania to back Kazakhstan to take over OSCE chairmanship
President Traian Basescu said on Thursday Romania will back 'unreservedly' Kazakhstan's bid to take over the OSCE chairmanship. 'I assured President Nursultan Nazarbayev of Romania's unreserved support for the Republic of Kazakhstan to take over the OSCE chairmanship', Basescu said in a joint press statement with the visiting Kazakh counterpart…
Romania's inflation to see more pressures as salaries' growth is hard to control, central bank says
Inflation in Romania will be difficult to temper owing to pressures stemming from ascendant trend seen in salaries which will continue to grow as a result of workforce migration, according to the central bank governor, Mugur Isarescu, told MNI press agency.…
Foreign recruiters are seeking Romanian interim managers
Romanian managers are receiving more offers from abroad for project-based jobs, or definite period management positions, which are often refused by skilled foreign managers. According to human resource company Hill International's Managing Director, Monica Vrabiescu, companies use interim management services when they need to open…
FT warns about Romanian economy overheating
The Romanian economy has been ringing alarm bells lately - commented British 'Financial Times' daily yesterday. The British analysts start from the concrete example of a successful business in Romania, Raiffeisen Bank, to show that not all news is good news about the Romanian economy. While many investors feel there are profits to be made from banking, real estate…
Cannabis, Most Wanted Drug In Europe - Report
Cannabis is the most used illegal drug in Europe, some 70 million European citizens stating that they have tried it at least once in their life, while 23 million people said they used cannabis in the past year, according to the annual report on the drug situation in Europe, presented in Bucharest.…
The Bucharest Stock Exchange plans to become a market maker on the spot and derivatives market
The Bucharest Stock Exchange said it plans to roll into the spot and derivatives market as a market maker and introduce nominee accounts and Exchange Traded Funds, according to the exchange's general manager Stere Farmache. A market maker is a firm willing both to buy and sell certain shares regularly and continuously at the price of the exchange market…
Police draws Bucharest traffic virtual map
Bucharest Police published on its Internet webpage, a virtual map describing the metropolitan traffic. The map allows drivers to check for information at any moment of the day, finding details about the traffic conditions in crowded areas. According to an official press release, "the data is supplied by officers in the field, but citizens…
Denmark planning new vote on euro
The Danish government has said it would like to hold a fresh referendum on whether to adopt the euro. Back in 2000, the Danish people voted by 53% to 47% not to join the single currency and instead keep the krone.…
Ten-month car sales boosted by 23%, to 258 224 units
Automobile sales in the Romanian market surged by 23% in the first ten months, according to data from The Association of Automotive Producers and Importers (APIA). The increase of the market was mostly sustained by sales of imports, a segment that increased…