Archive » September 2009 » 17 September 2009 The english news from 17 September 2009
The government's end-of-year surprise: Civil servant salaries to drop 15 percent in 2010!
State employees will have their salaries cut by 15 percent in 2010, regardless of what the salary grid indicates, according to stipulations contained in two of the three bills for which the government is seeking a confidence vote in parliament, analyzed by Money.ro. A 15 percent drop in wages in 2010 is equal to two months of salaries…
PM Boc: Italy, one of Romania's most important commercial partners
Agerpres special correspondents Georgiana Tanasescu and Marius Fratila report: Italy is one of Romania's most important commercial partners and Romania is interested in boosting Italian investment on its territory, PM Boc said Wednesday after a meeting with his counterpart Silvio Berlusconi…
Fund investors switched too fast from excessive optimism to exaggerated caution
Investors in mutual funds tend to take higher risks than they can manage, but, on the other hand, the are moving too fast from excessive optimism to exaggerated caution, according to fund managers. The phenomenon is also driven by the fact that risk indicators cannot be interpreted as easily in times of crisis…
Dinu Patriciu, Ex Georgian PM Buy Narodny Bank of Georgia
Romanian businessman Dinu Patriciu, jointly with former Georgian Prime Minister Vladimir Gurgenidze, bought Narodny Bank of Georgia from Eurooil, a unit of RAKInvestment of the UAE, Interfax reported Wednesday. The acquisition took place by a special-purpose vehicle set up by Patriciu and Gurgenidze…