Bogdan Neagu

Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% – Analysts

15:00, 27 Sept. 2010
The Romanian central bank is likely to leave its key rate unchanged for the second straight time at 6.25% a year during its next monetary policy meeting September 29, trying to wait off the current inflationary pressures, according to local analysts.

Romanian Bks May Face Full-Portfolio Provision Booking On Consumer Loans

12:30, 27 Sept. 2010
Romanian banks could be forced to book provisions for all consumer loans granted should they lose even one lawsuit on the application of the Government Emergency Ordinance 50/2010 regulating loan interest rates, the head of the banks association ARB said Monday.

Romania’s Jan-Aug Budget Deficit Widens To 4.1% Of GDP – Sources

12:10, 27 Sept. 2010
Romania’s consolidated budget posted a deficit of 20.9 billion lei (EUR1=RON4.2455), or 4.1% of the gross domestic product, after the first eight months of the year, people from the Finance Ministry told MEDIAFAX.

Romania Ctrl Bker: A New IMF Deal To Ensure Lower Borrowing Costs

14:26, 23 Sept. 2010
Romania needs additional financing from international lenders and a new agreement with the International Monetary Fund would ensure lower borrowing costs, according to Lucian Croitoru, adviser to the central bank governor Mugur Isarescu.

Romania Likely To Miss 2011 Deficit Target – Ctrl Bker

12:11, 23 Sept. 2010
Romania is unlikely to meet its budget deficit target for 2011, because of its weak economic performance, a central bank official said Thursday.

Depozitele firmelor şi populaţiei au crescut în august cu 5%

11:26, 23 Sept. 2010
Depozite firmelor şi populaţiei au crescut în august cu 5% faţă de aceeaşi perioadă a anului trecut şi cu aproape un punct procentual faţă de iulie, la 169,41 miliarde de lei, în condiţiile unei creşteri mai accentuate în august a economiilor în lei realizate de companii, potrivit BNR.

Romania August Private Lending Up 0.2% On Month

11:20, 23 Sept. 2010
Romanian private lending inched up 0.2% in real terms to 207.6 billion lei (EUR1=RON4.2511) in August from the month earlier, central bank data showed Thursday.

S&P Cuts Rompetrol To ‘B’, Puts It On Watch Negative On Political Risk

14:30, 22 Sept. 2010
Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks.

FSLI va protesta cu 8.000 de persoane, pe 5 octombrie, de Ziua Mondială a Educaţiei

16:10, 21 Sept. 2010
Aproximativ 8.000 de membri ai Federaţiei Sindicatelor Libere din Învăţământ (FSLI) vor protesta, în Piaţa Victoriei, pe 5 octombrie, de Ziua Mondială a Educaţiei, nemulţumiţi de condiţiile "improprii" din învăţământul românesc şi de reducerea salariilor.

Romania To Sign New Deal With IMF In 2011 – President

16:02, 21 Sept. 2010
Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, President Traian Basescu said Tuesday.

EU: Romania Took Effective Action To Lower Budget Gap

14:30, 21 Sept. 2010
Romania has taken effective measures to lower its budget deficit to below 3% of the gross domestic product by the 2012 deadline, the European Commission said in a statement Tuesday.

Ioana Maria Vlas a ştiut de la înfiinţare că FNI e un joc piramidal. A vrut obţinerea de foloase

14:16, 21 Sept. 2010
Instanţa supremă a publicat marţi motivarea deciziei definitive din dosarul Fondului Naţional de Investiţii, notând că Maria Vlas că a ştiut tot timpul, chiar de la înfiinţarea FNI, că e vorba de un joc piramidal, menit să păgubească investitorii, şi că ea a urmărit obţinerea unor foloase.

Victor Hănescu a urcat două poziţii şi se află pe locul 54 în clasamentul ATP

12:40, 20 Sept. 2010
Tenismanul Victor Hănescu a urcat două poziţii şi se află pe locul 54, cu 905 puncte, în clasamentul ATP, dat publicităţii luni, informează site-ul atpworldtour.com.

Austrian Cos Still Interested In Romania, But Require Transparency

12:34, 20 Sept. 2010
Austrian companies are still interested to invest in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the legal system, according to Rudolf Lukavsky, representative of the Austrian Embassy to Bucharest.

Romania’s OMV Petrom Hikes Pump Prices By Up To RON0.06/Liter

11:30, 20 Sept. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) on Monday raised its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2523) and RON0.03 per liter, respectively, the company said in a statement.

Regis Mougel, No Longer GM Of Romania’s Auchan Operator

20:46, 01 Apr. 2009
Regis Mougel, the general manager of the company operating Auchan hypermarkets in Romania, gave up his position and was replaced by Patrick Espasa, who worked for 10 years in the retailer's Italian division.

Romania‘s Balanta Sibiu To Take EUR20M Loans, Trade EUR30M Shares

20:43, 01 Apr. 2009
Romanian electronic scales and weighing machines producer Balanta Sibiu (BALT.RO) decided to take up to EUR20 million loans, for investments in its production capacity, also planning to trade assets and shares worth maximum EUR30 million.

French Sportswear Retailer Decathlon Invests EUR4M In Its 1st Romanian Store

20:36, 01 Apr. 2009
French sportswear retailer Decathlon inaugurated Wednesday its first store in Romania, in the Militari Shopping Center from the capital city Bucharest, in a EUR4 million investment, the company stated.

Fincl Crisis Delays Germany’s Obi Expansion Plan In Romania

20:27, 01 Apr. 2009
Do-it-yourself operator Obi may open its next Romanian unit this fall or even in the spring of 2010, the company’s general manager Romano Quinzi said Wednesday, adding the retailer cannot keep the prior-announced expansion plan due to the economic crisis.

Avigdor Lieberman: Conferinţa de la Annapolis nu creează Israelului obligaţii faţă de palestinieni

19:50, 01 Apr. 2009
Noul ministru israelian de Externe, Avigdor Lieberman, a afirmat miercuri că Israelul nu este constrâns de angajamentele conferinţei de la Annapolis, din Statele Unite, din noiembrie 2007, cu privire la crearea unui stat palestinian, relatează AFP.

Romania’s Jan-Feb Social Insurances Budget Rev Dn 7.2% Y-Y

19:48, 01 Apr. 2009
Romania’s social insurances budget revenues fell by 7.2% on the year in the first two months of 2009 to 7.76 billion lei (EUR1=RON4.2329) from RON8.36 billion in the same period of 2008, according to data published Wednesday on Finance Ministry's website.

Romanian Iproeb Puts 275 Employees On Technical Unemployment

19:37, 01 Apr. 2009
Romanian cable producer Iproeb Bistrita (IPRU.RO) will sent 275 out of its 653 employees on technical unemployment as of April, due to lower orders, the company's Board decided Wednesday.

Peste 200 de angajaţi Amurco Băcau au pichetat Prefectura, nemulţumiţi de neacordarea unor subvenţii

19:34, 01 Apr. 2009
Peste 200 de angajaţi ai combinatului de îngrăşăminte chimice Amurco din Băcau, controlat de grupul de firme Interagro, au pichetat, miercuri, Prefectura, în semn de protest faţă de nerespectarea de către Guvern a protocolului privind acordarea de subvenţii la îngrăşămintele chimice.

Romanian SIF Moldova Books RON144M Provisions For ’08 Fincl Yr

19:31, 01 Apr. 2009
Romanian investment fund SIF Moldova (SIF2.RO) booked in 2008 financial year provisions worth 143.6 million lei (EUR1=RON4.2329), due to the decreases in value of the shares it owns.

Black Sea Blocks Exploitation Rights Granted In 1992 – Sterling Resources

19:10, 01 Apr. 2009
Canadian company Sterling Resources stated Wednesday that the rights of exploitation at the Black Sea blocks XIII Pelican and XV Midia were stipulated in the initial contract signed back in 1992, and the former government has not given the company any additional rights.

Railway Cars Maker IRS Sacks 1,200 People, Cristian Burci Named GM

19:02, 01 Apr. 2009
Cristian Burci, the president and majority shareholder of freight railway wagons maker International Railway Systems (IRS), will also become the company’s general manager after Juergen von Schwerin's resignation following a major restructuring process that includes cutting 1,200 jobs.

Domo Partners Up With Winmarkt To Open New Unit In N Romania

18:56, 01 Apr. 2009
Romanian home appliances, electronics and IT&C retailer Domo will partner up with Winmarkt company in opening a new unit in Winmarkt Magura shopping center from the country's northern town of Bistrita, in the next two months.

Peste 1,5 milioane de euro cheltuiţi în campania pentru alegerile parlamentare din R. Moldova

18:50, 01 Apr. 2009
Cei 16 candidaţi la alegerile parlamentare de la 5 aprilie din Republica Moldova, care au prezentat rapoartele cu veniturile şi cheltuielile aferente campaniei electorale, au cheltuit până în prezent 23,3 milioane de lei moldoveneşti (1,6 milioane de euro) relatează BASA-press.

Romania’s Sec Comm OKs Lucian Isac As Central Depository’s Interim Admin

18:49, 01 Apr. 2009
Romania’s Securities Commission CNVM approved Tuesday the appointment of Lucian Isac, the general manager of brokerage company Estinvest Focsani, as ad interim member of Central Depository’s Board.

UK Retailer Next Home To Open 1st Store In Romania, In EUR200,000 Invest

18:44, 01 Apr. 2009
British retailer Next Home will open Thursday its first store in Romania, in the Liberty Center shopping mall from the capital city Bucharest, following a EUR200,000 investment.

Romania’s Agreeement With IMF Only To Finance Budget Deficit – Ex-Fin Min

18:32, 01 Apr. 2009
The agreement Romania closed with the International Monetary Fund IMF aims just at borrowing funds to cover the country’s budget deficit, as the private companies does not face debt payment issues, the president of Senate's Economy Commission, Varujan Vosganian, said Wednesday.

Clients Shoplifting To Top Personnel Steals In ’09 – UTI

18:30, 01 Apr. 2009
The clients will steal more than the personnel from Romanian stores in 2009, unlike the previous years, when the staff shoplifting was more frequent, Simona Dinca, general manager of UTI Retail Solutions, said Wednesday.

Romanian Shrs End Up, Contrary To Foreign Mkts Trend

17:11, 01 Apr. 2009
Romanian shares closed up Wednesday, for the second day in a row, amid low liquidity and despite the European markets' slight downward path.

Romanian Leu Ends Higher Vs Euro On Regional Trend

17:09, 01 Apr. 2009
The Romanian leu closed at RON4.2280/RON4.2310 against the euro Wednesday, higher compared with RON4.2390/RON4.2415 to the euro at Tuesday’s closing, following the upward trend of emerging currencies.

Romanian Eviva Energy Pays EUR675,000 For 10% Of Ground Investment Corp’s Shares

17:01, 01 Apr. 2009
Eviva Energy, a Romanian subsidiary of Portuguese group Martifer, bought at the end of 2008 a 10% stake in Bucharest-based Ground Investment Corp, for EUR675,000.

Braşov: Număr extrem de mare de tineri interesaţi de o carieră militară, pe fondul crizei economice

16:55, 01 Apr. 2009
Aproximativ trei mii de tineri din Harghita, Braşov, Covasna, Mureş, Sibiu şi Argeş s-au prezentat, din 2 martie, la birourile de informare-recrutare pentru a cere informaţii despre cariera militară, reprezentanţii Centrului Militar Zonal spunând că numărul atât de mare este fără precedent.

Romanian Econ Min Aims Getting EUR2.5B From Greenhouse Gas Emissions Trades

16:54, 01 Apr. 2009
Romanian Economy Ministry drew up a government decision draft by which it plans to manage trades with greenhouse gas emissions certificates, which might bring between EUR1.25 billion and EUR2.5 billion to the state budget.

Romanian Ctrl Bk Gov: Rebuilding Trust Is Essential

16:44, 01 Apr. 2009
Rebuilding the trust in Romania’s economy is essential at the moment and a good collaboration between economical, political and social factors is needed, the central bank’s governor Mugur Isarescu said Wednesday.

Romania’s Budget Revision Stipulates Public Jobs Freeze – Sources

16:33, 01 Apr. 2009
Romania’s budget revision, following the loan agreement with the International Monetary Fund and European Commission, stipulates the freezing of public jobs in order to cut budget expenses, ministerial sources told MEDIAFAX Wednesday.

Romanian Ctrl Bk May Release EUR800M From Reserves

16:12, 01 Apr. 2009
Romanian lenders currently have liabilities with residual maturities of over two years worth of about EUR2 billion, thus the central bank’s Tuesday decision to ease the required reserve rules may release around EUR800 million worth of funds, sources within the central bank said Wednesday.