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Loading ...Arhivă lunară | martie, 2009
Pensioners are picketing the Government and prefectures’ headquarters
The pensioners organisations on Thursday are picketing the headquarters of the prefectures country-wide and the Government, asking an increase of the value of the pension point to 45 percent of the average salary value on economy. According to the law, on January 1, 2009 the pension point should have reached 45 percent of [...]
Continuă să citeşti...Excises on tobacco increase starting April 1
26 martie 2009
The Government decided on Wednesday the rise in the excises on tobacco by 7 euros/1,000 cigarettes, starting April 1 and by further 7 euros starting September 1, Minister of Public Finance, Gheorhge Pogea, announced. Therefore, one package of the best sold cigarettes which now stands at 6.8 lei it will cost 7.2 lei, [...]
Continuă să citeşti...Government to monitor state companies not to gather losses
26 martie 2009
The Government will set a Fiscal Council to draft macroeconomic prognoses and will implement a monitoring system of the state companies so that they would not gather losses and will limit the budgetary corrections, the Public Finance minister Gheorghe Pogea on Wednesday enumerated the conditions assumed by the Romanian Government through the agreement signed [...]
Continuă să citeşti...Director of National Institute of Magistracy is elected chairman of Lisbon Network
26 martie 2009
The director of the National Institute of Magistracy INM) Constantin Branzan was elected chairman of the Lisbon Network, a network of information exchanges between the bodies and the institutions in charge of training Europe's magistrates. The elected chairman's term in office lasts for two years. Branzan was elected in the position during the [...]
Continuă să citeşti...Puscas and Ronchi talk about elections for EP, Lisbon strategy and climate changes
26 martie 2009
Head of the Department for European Affairs (DAE) Vasile Puscas on Wednesday, March 25, talked with Italian EU Affairs Minister Andrea Ronchi about some important subjects on the European agenda such as the future of the Lisbon Strategy, the economic crisis and the European answer in this context as well as about aspects of [...]
Continuă să citeşti...Romanian Swedish Seminar on development assistance
26 martie 2009
A seminar where Swedish experts presented their country's expertise in the development of the cooperation policy took place in Bucharest, informs the Foreign Ministry (MAE) in a release. The event brought together officials from Sweden's Foreign Ministry and the Swedish International Development Cooperation Agency, who were sharing their experience as traditional donors, Romanian [...]
Continuă să citeşti...MEP Marian Jean Marinescu; Inclusion of Nabucco in energy projects of EU can avoid a new energy crisis
26 martie 2009
The inclusion of Nabucco gas pipeline among the energy projects, as well as among the inter -connections among the member states, such as those between Romania, Hungary and Bulgaria, can lead to the avoidance of an energy crisis similar to that in Jan 2009, said, on Wednesday, Romanian MEP Jean Marinescu (Democratic Liberal Party [...]
Continuă să citeşti...BRD CEO Gelin: I hope the interest rates will be cut after the IMF agreement
26 martie 2009
BRD CEO Patrick Gelin is expecting positive developments in the Romanian banking market as Romania has reached an agreement with the International Monetary Fund regarding a loan to Romania.'I hope the IMF loan will bring about a cut in the interest rates on the banking market and will determine the National Bank of Romania [...]
Continuă să citeşti...Stock exchange opens high
26 martie 2009
Bucharest Stock Exchange (BVB) opened, on the rise, its transacting, on Thursday, and the general index of the market BET-C surged 2.42 percent, at the start of the session. The BET-FI index of the Financial Investment Companies has seen a 1.28 percent rise, and the main index BET, reflecting the evolution of the most [...]
Continuă să citeşti...InterAgro plans to layoff 6,700
26 martie 2009
InterAgro Holding will shut down all its fertilizer factories and lay off their 6,700 employees, by early next week, the Radio Romania Actualitati Station informed citing the Group's owner Ioan Niculae as saying. The layoff operation should have started end last year, but the decision was postponed hoping the Government would grant support [...]
Continuă să citeşti...Romania to chair session of UN Commission on Criminal Justice
26 martie 2009
Minister of Foreign Affairs Cristian Diaconescu informed on Wednesday that Romania was nominated by the East European group to chair the 18th session of the UN Commission on Crime Prevention and Criminal Justice to be held in Vienna over April 16-24, 2009. This announcement was included in the speech delivered by Cristian Diaconescu at [...]
Continuă să citeşti...Photo with Romanian troops in Afghanistan, selected for NATO exhibition in underground in Washington
26 martie 2009
The Organization of the North-Atlantic Treaty (NATO) has launched, from the perspective of the anniversary of 60 years since its setting up, a photo exhibition in the underground in Washington, and one of the 11 photos selected for this campaign represents Romania's contribution to the NATO mission in Afghanistan, the Romanian Ministry of Defence [...]
Continuă să citeşti...Confederal transatlantic body between EU and US, proposal made by MEP Severin
26 martie 2009
MEP Adrian Severin, of the Social Democratic Party, on Wednesday, in the plenary meeting of the European Parliament (EP), proposed the setting up of a confederal transatlantic body between the European Union and the United States of America as an expression of a more deep-going and better structured institutionalized relation between these two strategic [...]
Continuă să citeşti...President Traian Basescu attends SRI review
26 martie 2009
President Traian Basescu on Thursday arrived at the headquarters of the Romanian Intelligence Service (SRI), where they are going to present the review of the activity carried out by this institution in 2008. They will also celebrate the 19 anniversary of the SRI setting up. Since he took over as President, the Head of [...]
Continuă să citeşti...Dacia, awarded “Prize for Trade Association of the Auto Press” for trade success
26 martie 2009
Dacia has received the prize for "Trade Success", from the French Association of the Auto Press (AFPA). The distinction comes in recognition of the success Dacia enjoys in the French market, where the sales registered the highest growth pace in 2008, of 33.6 percent, before trademarks such as Fiat and Mini. Last year, [...]
Continuă să citeşti...Exchange rate developments do not benefit exporters, because there are no exports
26 martie 2009
Exchange rate developments cannot bring big profits to Romanian exporting companies because exports have plummeted, Secretary General of the Association of Romanian Business People (AOAR) Cristian Parvan told a conference on Thursday on risk in the capital markets. 'Erstwhile , the business people would accuse the National Bank of Romania for keeping the [...]
Continuă să citeşti...Sponteneous protest of employees from Romanian railways
26 martie 2009
Over 1,000 employees from the Romanian railway company, CFR, held, on Thursday, a spontaneous protest, in the North Station, after the leadership of the Ministry of Transport has announced its intention to lay off over 12,000 railway employees.
Continuă să citeşti...New Tax Code to apply as from January 1, 2010
26 martie 2009
Romania's new Tax Code will apply as from January 1, 2010, Finance Minister Gheorghe Pogea told a taxation roundtable conference on Thursday. 'The Tax Code has to be made known long time before it comes into effect, at least as far as the main rates and taxes are concerned,' said Pogea. The minister [...]
Continuă să citeşti...Black Sea Euroregion has first investment projects
26 martie 2009
The General Assembly of the Black Sea Euroregion (BSE) approved, on Wednesday, four investment projects on tourism, cultural traditions and environment protection, in its second meeting in Varna, Bulgaria, chaired by Constanta County Council president Nicusor Constantinescu. 'First, it deals with the project called Black Sea Cruise whose goal is to set up [...]
Continuă să citeşti...Current account deficit to stand at 8-9 pc of GDP
26 martie 2009
The current account deficit will stand at 8-9 percent of the GDP, Romania's Central Bank (BNR) governor Mugur Isarescu said on Thursday. The current account deficit amounted to 20 billion euros, the capital costs scored a bln. 20 euro surplus and the capital inflows stood at 4-5-6 billion euros. We do not expect net [...]
Continuă să citeşti...Foreign investment in Romania expected to halve
26 martie 2009
Foreign investment in Romania will halve to 4-4.5 billion euro, from 8 billion euros, Governor of the National Bank of Romania (BNR) Mugur Isarescu said on Thursday. 'Capital inputs versus capital outputs in Romania will tend toward zero. In the private nonbanking sector there will be net outflows by leasing companies. We expect the [...]
Continuă să citeşti...BNR Governor Isarescu: The agreement with the IMF was initially thought to cover one year
26 martie 2009
The agreement with the International Monetary Fund (IMF) was initially designed to cover one year and regard 11.8 billion euros, Governor of the National Bank of Romania (BNR) Mugur Isarescu said on Thursday. 'Initially, the IMF agreement was designed to cover one year and the loan was to be provided as follows: 8.5 [...]
Continuă să citeşti...Corina Cretu: Lifting compulsory US visa requirements for all EU citizens might consolidate transatlantic partnership
26 martie 2009
Euro-deputy Corina Cretu, of the Social Democratic Party, on Wednesday submitted a written declaration to go with the plenary meeting of the European Parliament debating the Millan Mon report on "the situation of the transatlantic relations after the elections in the United States." Cretu, who is a member of the delegation of the [...]
Continuă să citeşti...IMF arrangement shelters Romania for three years
26 martie 2009
The arrangement with the International Monetary Fund (IMF) will be sheltering Romania for the next three years, Chief Economist of Banca Comerciala Romana (BCR) Lucian Anghel told a specialist conference on Thursday. 'Romania has a far better IMF arrangement than Hungary's. I think Romania will n the end draw less money than the [...]
Continuă să citeşti...Euro trades at 4.2723 lei for Friday
26 martie 2009
The exchange rate of the national leu (RON) currency resulting from the quotations announced on Thursday, March 26, by the banks authorized to operate on the currency market is as follows 1 euro EUR 4.2723; 1 US dollar USD 3.1417. The exchange rates of the currencies included in this list are based on quotations [...]
Continuă să citeşti...IMF loan to discourage speculators on forex market
26 martie 2009
International Monetary Fund (IMF) loan is to discourage speculators on the foreign exchange market and will secure stability of leu exchange rate, stated on Thursday Minister of Public Finance (MFP) Gheorghe Pogea, who attended a roundtable on taxation. "Those 12.9 billion euros from IMF will discourage speculators on the forex market. The pressure [...]
Continuă să citeşti...Isarescu: We will have not lending unblocking, but continuation
26 martie 2009
Lending in Romania is to reach 10 – 15 percent, namely a cautious zone , stated on Thursday Governor of Romania's National Bank (BNR) Mugur Isarescu in a press conference. "We will not have an unblocking of lending, but its continuation. The banks are regaining their clients and crediting is to rise to [...]
Continuă să citeşti...Romania stays on safe side of economic evolution in 2009
26 martie 2009
Romania will remain on the safe side in 2009 in terms of economic evolution, after the agreement to be concluded with the International Monetary Fund (IMF), governor of the National Bank of Romania (BNR) Mugur Isarescu said on Thursday. "Thanks to this agreement, Romania will stay on the safe side in terms of [...]
Continuă să citeşti...President Basescu appreciates SRI activity in 2008
26 martie 2009
The difficult process of reforming the Romanian Intelligence Service (SRI) launched in 2005 was finalized last year and, at present, Romania has an information service capable to respond to all missions nationally and to the partnerships abroad within the European Union (EU) and NATO, stated on Thursday President Traian Basescu at the end of [...]
Continuă să citeşti...Central Bank rises minumum compulsory reserves to discourage lending in foreign currency
26 martie 2009
The raise in the minimum compulsory reserves is a measure taken to discourage lending in foreign currency, Governor of the National bank of Romania (BNR) Mugur Isarescu said Thursday. "When I raised the minimum compulsory reserve… I did it to discourage lending in foreign currency, which has been so harshly considered a disadvantage [...]
Continuă să citeşti...Romania sets target deficit of 3 pc of GDP
26 martie 2009
Romania sets the public deficit target in real terms at 3 percent of the Gross Domestic Product (GDP), under conditions in which part of unemployment will not go away, stated on Thursday Governor of Romania's National Bank (BNR) Mugur Isarescu. "A 4.6 percent deficit, given an economic growth of minus 4 percent, from [...]
Continuă să citeşti...Minimum compulsory reserves of banks to be reduced gradually
26 martie 2009
The Romanian National Bank (BNR) is to operate cuts in the minimum compulsory reserves of commercial banks gradually, BNR governor Mugur Isarescu stated on Thursday. 'The BNR reserve currently stands at 12 billion euros. We do not go for restrictions, but for partnerships with the commercial banks, as we are all in the [...]
Continuă să citeşti...President Basescu: I wish 2008 to be standard year for SRI
26 martie 2009
President Traian Basescu stated on Thursday, after participating in the Romanian Intelligence Service (SRI) survey meeting on 2008 that, through its modernization, the service succeeded to reduce to "zero" the quantity of waste distributed to state institutions. "I would like to see 2008 becoming a standard year for the service from the standpoint of [...]
Continuă să citeşti...Isarescu: Harder for banks to keep up their positions on inter-banking market
26 martie 2009
Following the exchange rate evolution, part of the banks have adopted long positions in foreign currencies, but that will cost them a lot and they will find it difficult to keep them up, warned on Thursday Governor of Romania's National Bank (BNR) Mugur Isarescu. "Part of the banks are adopting long positions in [...]
Continuă să citeşti...Romania has no need for bank rescue plan
26 martie 2009
Romania has no need at present for a bank rescue plan, stated on Thursday Governor of Romania's National Bank (BNR) Mugur Isarescu. "Romania does not need a plan to rescue the banks, at the moment", said Mugur Isarescu. As regards the impact of the banking field situation at international level upon the system in [...]
Continuă să citeşti...BNR target for 2009 is to keep mandatory minimum reserves level
26 martie 2009
Romania's National Bank (BNR) target for 2009 is to keep the mandatory minimum reserves (MMR) of commercial banks , but they must be reduced because one cannot enter the euro zone with reserves of 20 percent and 40 percent, stated on Thursday BNR Governor Mugur Isarescu. "BNR target is to reduce gradually the [...]
Continuă să citeşti...Romania does not lack money but management capacity
26 martie 2009
Romania does not lack money but an efficient managerial capacity, governor of the Romanian National Bank (BNR) Mugur Isarescu said on Thursday. 'The country does not lack money but administrative organization capacity and efficient management. Let's say we have a ten-item list. Money will be on the list too, with our main problem being [...]
Continuă să citeşti...Agreement with IMF forged for controlled economic adjustment
26 martie 2009
The loan agreement with the International Monetary Fund (IMF) was concluded as a means for a controlled economic adjustment, that should be less felt by the poor , the Central Bank (BNR) governor Mugur Isarescu said on Thursday. 'This agreement with the IMF it meant to help us reach a balance between controlled economic [...]
Continuă să citeşti...Romanian MAE seeks clarifications from Ukraine on Bystroe dam
26 martie 2009
Romanian Ministry of Foreign Affairs (MAE) sent on March 24, this year, a verbal note to the Embassy of Ukraine in Bucharest asking for official clarifications in the shortest time possible on the information referring to the inauguration of a dam on the navigable Bystroe canal (in the Danube Delta) and reiterated in the [...]
Continuă să citeşti...Romanian Intelligence Service presents activity report
26 martie 2009
The effects of the world economic crisis, the cross-border threats, the potential risk generated by some strategic interests in the enlarged Black Sea area and energy security are the main threats to security outlined by the head of the Romanian Intelligence Service SRI, George Cristian Maior , on the occasion of the presentation of [...]
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