Loading ...The Romanian dailies on Friday carry reports, analyses and commentaries on economic and financial issues mostly, with the main topics relating the World Bank report on Romania, unpaid loans by bank clients, new commercial centres to be built in Romania and the prospects of the local IT&C market this year.
The Bucharest-based dailies also carry reports on the strategic partnership between Romania and Poland. The Romania libera announces that President Traian Basescu, during an official visit to Poland, discussed with Polish counterpart Lech Kaczynski a range of topics of strategic importance such as the Black Sea Synergy, the Eastern partnership, the energy security and the problems having arisen in Europe's energy supply and the EU common agricultural policy.
According to the paper, Poland backs moves by the Republic of Moldova to get closer to the European Union; the Ukrainian issue is one that interests both states in their common need to back this country on its route to Europe.
"There are so many common points between Romania and Poland that a strategic partnership is natural", Basescu said.
"There are so many common points between Romania and Poland that a strategic partnership is natural", Basescu said.
With 2.9 percent advance of the gross domestic product in the fourth quarter of last year, Romania ranks fourth in the European Union by economic growth.
Neighbouring Bulgaria tops the rankings with 3.6 percent growth, followed by Poland with 3.1 percent and Cyprus with 3 percent, shows a report made public by Eurostat on Thursday and carried by the Financiarul.
Neighbouring Bulgaria tops the rankings with 3.6 percent growth, followed by Poland with 3.1 percent and Cyprus with 3 percent, shows a report made public by Eurostat on Thursday and carried by the Financiarul.
"The Romanian economy is slipping down the crisis spiral" headlines the Adevarul. The economic crisis will increase poverty in Romania, shows a World Bank report. It says absolute poverty might rise in 2009 from last year by some 1 to 2 percent and it might hit 11-12 percent of the Romanian families.
The elderly, the employees having an unsafe job and the families living on the money sent by the Romanians working abroad will be the hardest hit by the crisis, the Jurnalul national writes.
The Ziarul financiar adds that the World Bank recommends the public sector pay be frozen on the level of inflation and staff benefits abandoned.
The elderly, the employees having an unsafe job and the families living on the money sent by the Romanians working abroad will be the hardest hit by the crisis, the Jurnalul national writes.
The Ziarul financiar adds that the World Bank recommends the public sector pay be frozen on the level of inflation and staff benefits abandoned.
The Cotidianul stresses that the World Bank report drawn up on Bucharest's request says the teaching staff should be better paid, on condition the system is reformed.
Fresh overdue repayments amassed by the bank clients – both individuals and companies – posted record value in January at 155 million euros, show figures released by the National Bank of Romania; this is double the top value recorded in a month of 2008, the Ziarul financiar reports.
Fresh overdue repayments amassed by the bank clients – both individuals and companies – posted record value in January at 155 million euros, show figures released by the National Bank of Romania; this is double the top value recorded in a month of 2008, the Ziarul financiar reports.
Such overdue payments don't necessarily mean unpaid loans, but more than 30 days' delays in the payment of the instalments, the analysts explain.
"110 million euros in rescue aid and another 490 million euros in restructuring aid during 2009-2010 – such is the budget that the State Assets Realization Authority (AVAS) proposes for backing the economic operators previously or currently held in its portfolio in order to overcome the effects of the world financial and economic crisis", the Financiarul reports.
"110 million euros in rescue aid and another 490 million euros in restructuring aid during 2009-2010 – such is the budget that the State Assets Realization Authority (AVAS) proposes for backing the economic operators previously or currently held in its portfolio in order to overcome the effects of the world financial and economic crisis", the Financiarul reports.
Oltchim Ramnicu-Valcea, Electroputere Craiova, Multiproduct Public Company based in Bucharest and Sanevit 2003 based in Arad are companies that have requested the state's support; according to unofficial reports, ArcelorMittal steel-maker based in Galati plans to ask for state aid, but it is not going to be for restructuring or rescue.
Besides 40 commercial centres already existing across Romania, another 24 units are being built, which means there might be some 70 commercial centres in the next two years, the Business Construct magazine quotes data reported by the companies as saying.
Besides 40 commercial centres already existing across Romania, another 24 units are being built, which means there might be some 70 commercial centres in the next two years, the Business Construct magazine quotes data reported by the companies as saying.
Furthermore, plans to build at least another 50 commercial centres have been announced in the last years, with most of them to be located in the big cities of Romania.
The local information technology services market might drop by two to five percent this year down to 350 million euros from 364 million euros in 2008, the Ziarul financiar quotes market research company Pierre Audoin Consultants as saying.
The local information technology services market might drop by two to five percent this year down to 350 million euros from 364 million euros in 2008, the Ziarul financiar quotes market research company Pierre Audoin Consultants as saying.
The problem faced by the banks is the devaluation of the property put as collateral, while amid an economy already hit by the financial crisis that has made loans more expensive and has devalued the national currency, the companies and the population have difficulties in repaying the loans taken from the banks, the Romania libera writes.
Therefore, President Traian Basescu suggested at a recent meeting with the bankers that the state might take action so that those who deliberately do not repay their credit be stimulated to do so. Basescu argued the purpose of such actions by the state is "to protect the Romanian banking system", the daily adds.
"Thousands of persons officially closed their businesses in 2008 and in the first two months of 2009, being hit by the financial crisis or not. More than 61,000 traders were deleted from the Trade Registry over Jan. 2008 – Feb. 2009 for various reasons", the Financiarul reports.
"Thousands of persons officially closed their businesses in 2008 and in the first two months of 2009, being hit by the financial crisis or not. More than 61,000 traders were deleted from the Trade Registry over Jan. 2008 – Feb. 2009 for various reasons", the Financiarul reports.
In fact, "the last quarter of last year posted a record not only in terms of the number of new unemployed at 50,000 but also in terms of the businesses that were closed – nearly 17,000". This is "the time when the financial crisis began being seriously felt in Romania too", the analysts say.
The Romania libera publishes the "list of potential insurance creditors of Insurer and Re-insurer Eurasig SA that has gone bankrupt". The persons who are not on the list and have claims on Eurasig SA, which is insolvent, might contact the Guarantee Fund, with additional information to be found on www.csa-isc.ro and www.csa-fga.ro, the daily announces.
Loading ...
Comentează acest articol