Bogdan Neagu

IMF To Reply To Romania’s Letter Of Intent Next Wk – Sources

15:41, 01 Apr. 2009
The International Monetary Fund informed the Government it will send early next week a reply to Romania's letter of intent on closing a financing agreement, sources close to the matter told MEDIAFAX Wednesday.

Bucharest Ranks Penultimate In The World On Office Space Utilization Per Workstation – DTZ

15:36, 01 Apr. 2009
Romanian capital city Bucharest ranks penultimate on total space utilization standard per workstation, with an average of 7.8 square meters, in a world classification of DTZ real estate advisor.

Romania’s Real Estate Transactions In Jan-Feb Dn 26% On Yr

15:04, 01 Apr. 2009
The number of Romania’s real estate transactions in the first two months fell by 26% to 82,860, from 112,000 in the same period of 2008, the National Agency for Cadastre and Land Registration said Wednesday.

Germany’s Obi Opens 2 DIY Stores In Romania

14:38, 01 Apr. 2009
Do-it-yourself operator Obi, part of Germany group Tengelmann, will open Thursday two stores in Romania’s western city of Arad and southern town of Pitesti, respectively, the company announced Wednesday.

Numărul deţinuţilor din închisorile americane este în creştere, mulţi dintre ei fiind afroamericani

14:36, 01 Apr. 2009
Un adult din 131 se afla în închisoare la 30 iunie 2008, în Statele Unite, în creştere faţă de 2007, mulţi dintre ei fiind din rândul populaţiei afroamericane, potrivit ultimelor statistici guvernamentale publicate marţi, relatează AFP.

Romanian PM, Mins To Discuss IMF Loan With Parliament Officials Next Wk

14:36, 01 Apr. 2009
Romanian Prime Minister Emil Boc and part of the ministers will discuss next week the agreement with the International Monetary Fund, with the two Parliament Chambers' Standing Offices and the Budget-Finance Commissions.

Romania’s EnergoNuclear Hldrs Might Name GM Thursday

14:31, 01 Apr. 2009
Shareholders of EnergoNuclear, the joint venture that will build nuclear reactors 3 and 4 at Romania’s nuclear power station Cernavoda, will meet for the first time Thursday and may name the company's general manager, among others, sources close to the matter told Mediafax Wednesday.

Romania’s Forex Reserves Dn EUR796M In March To EUR25.1B

14:09, 01 Apr. 2009
Romania’s foreign exchange reserves decreased by EUR796 million in March to a total of EUR25.121 billion, the central bank said in a statement Wednesday.

Romanian Retailers See 17% Lower Sales In ‘09 – UTI

13:50, 01 Apr. 2009
Romanian retailers estimate a 17% drop in 2009's sales, which makes them more cautious on diminishing losses in order to maintain profitability, UTI Retail Solutions general manager Simona Dinca said Wednesday.

Lenders Took RON39B Loans From Romanian Ctrl Bk In Feb, Up 23% M-M

13:24, 01 Apr. 2009
Romanian banks borrowed in February 38.62 billion lei (EUR1=RON4.2329) from the central bank BNR, through the lending facility, up 22.6% compared with January, according to central bank data released Wednesday.

Coreea de Nord nu mai ascunde forma dispozitivului pe care îl va lansa, susţine un institut american

13:07, 01 Apr. 2009
Nord-coreenii nu mai încearcă să ascundă forma dispozitivului, despre care Statele Unite suspectează că ar fi o rachetă, pe care Phenianul a anunţat că îl va lansa la începutul lunii aprilie, potrivit unui institut din Washington specializat în controlul armamentului, relatează AFP.

Romanian Ctrl Bk Draws RON524M From Interbank Market In Reverse Repos

13:06, 01 Apr. 2009
Romania’s central bank drained Wednesday the excess liquidity on the inter-bank market, by attracting 524 million lei (EUR1=RON4.2348) in 5-day reverse repo operations, at an interest rate of 10% on the year, banking dealers said.

Romania’s SSIF Broker May Cut Shr Cap By RON72.2M, To Cover ’08 Loss

12:33, 01 Apr. 2009
Romania’s brokerage company SSIF Broker (BRK.RO) management proposed a reduction of the company’s share capital by 72.2 million lei (EUR1= RON4.2348), at RON72.5 million, to cover the loss registered in 2008.

Romania’s SSIF Broker May Cut Shr Cap By RON72.2M, To Cover ’08 Loss

12:30, 01 Apr. 2009
Romania’s brokerage company SSIF Broker (BRK.RO) management proposed a reduction of the company’s share capital by 72.2 million lei (EUR1= RON4.2348), at RON72.5 million, to cover the loss registered in 2008.

Germany’s real,- Invests EUR21.5M In Hypermarket SE Romania

12:22, 01 Apr. 2009
Hypermarket operator real,-, member of Germany's retail giant Metro Group, will open Thursday its second unit in the southeastern town of Constanta and its 21st on the local market, after a EUR21.5 million investment, the company said Wednesday.

Danish Vestas Gets 228 MW Wind Turbine Order In Romania

12:00, 01 Apr. 2009
Denmark's wind turbine producer Vestas Wind Systems received from Portuguese EDP Renovaveis an order for 76 units with a total capacity of 228 MW for two energy projects in Romania.

Un român prins pe un aeroport din Malta cu două kilograme de droguri, arestat

20:30, 31 Mart. 2009
Un român a fost arestat, în noaptea de duminică spre luni, pe Aeroportul Internaţional din Malta, având asupra sa un kilogram de heroină şi 900 de grame de cocaină, relatează site-ul di-ve.com.

FOCUS: Romanian Shares Gain 24.6% In Mar, Best Performance In 50 Mos

20:29, 31 Mart. 2009
The composite index of the Bucharest Stock Exchange gained 24.6% in March, the best performance in the last four years and two months, following the growth trend of the largest foreign markets.

Rusia cere UE să ancheteze cauzele care au condus la conflictul ruso-ucrainean pe tema gazelor

19:53, 31 Mart. 2009
Gazprom a cerut Uniunii Europene să ancheteze cauzele care au stat la baza disputei energetice între Rusia şi Ucraina în ianuarie, care a lăsat milioane de consumatori europeni fără gaze, potrivit unui oficial al companiei, relatează RIA Novosti în pagina electronică.

Creating A Fiscal Framework, Sole Advantage Of Romania – Ctrl Bk Adviser

19:51, 31 Mart. 2009
The sole advantage that Romanian authorities try to build up for the country’s recovery from the financial crisis is setting a fiscal framework on three or four years that will go together with the monetary policy, Lucian Croitoru, the adviser of the central bank’s governor, said Tuesday.

Lack Of Action Is Risky In A Fincl Crisis – Holcim Romania GM

19:51, 31 Mart. 2009
The lack of action is the most risky method to deal with the uncertainties provoked by the financial turmoil, but the hastily-taken measures may be as well dangerous, cement producer Holcim Romania general manager Markus Wirth said Tuesday.

Sustainable Growth Under Free Mkt Conditions, Sol To Crisis – Ctrl Bk Official

19:46, 31 Mart. 2009
The solution to the current financial crisis would be a sustainable economic growth, which is possible only under free market conditions, while the international interventionist trend would restrict the private players’ freedom, also in Romania, according to central bank adviser Lucian Croitoru.

Cos Should Cut Staff Only Based On Clear Strategy – Consultants

19:41, 31 Mart. 2009
The companies should not cut the training budgets or lay off employees during a crisis period without a clear strategy, and the objectives should be adjusted to the employees’ ones for a higher staff motivation, according to consultants.

Romanian Distrigaz Sud, E.ON Gaz 1Q Loss Total RON180M, On Keeping Gas Price Unchanged

19:16, 31 Mart. 2009
Romanian gas providers Distrigaz Sud and E.ON Gaz Romania stated Tuesday they registered total losses of 180 million lei (EUR1=RON4.2348) in the first quarter, on the country’s Energy Watchdog ANRE postponing the decision to enforce new gas prices as of January 1.

Romanian Cos Must Raise Liquidity To Survive Crisis – Consultants

18:24, 31 Mart. 2009
Romania’s companies must increase their funds, so that they might be able to deal with the current economic crisis, through reducing inventories, collecting debts and increasing the payment period towards suppliers, Aniko Somodi, consultant within Horvath&Partners, said Tuesday.

Govt Is About To Complete CEC Bank’s Capitalization – Romanian Pres

18:14, 31 Mart. 2009
Romanian Government is about to complete the final stage of approving the capital increase of state-owned lender CEC Bank, the country’s President Traian Basescu said Tuesday, during a meeting with the representatives of Romania’s Chambers of Commerce.

Editura Publica lansează, în parteneriat cu Business Magazin, „Co-lecţia de economie”

18:12, 31 Mart. 2009
Editura Publica lansează "Co-lecţia de economie", proiect realizat în parteneriat cu revista Business Magazin, care constă într-o colecţie de cărţi despre principiile de funcţionare a economiei, informează un comunicat.

E.ON Gaz Romania Posts RON38M Loss In 1Q, On Energy Watchdog Price Hike Deferring

18:10, 31 Mart. 2009
Gas provider E.ON Gaz Romania, the local unit of Germany's E.ON AG (EON), registered losses worth of 38 million lei (EUR1=RON4.2348) in the first quarter, on the country’s Energy Watchdog ANRE postponing the decision to enforce the new gas prices as of January 1, the company said Tuesday.

Romanian ArcelorMittal Galati Extends Voluntary Layoffs Deadline By 1-Mo

17:30, 31 Mart. 2009
The management of Romanian largest steel maker ArcelorMittal Galati will extend by one month the deadline to file voluntary layoffs requests, which was initially set for March 31.

Romanian Leu Dn Vs Euro On High Commercial Demand

17:23, 31 Mart. 2009
The Romanian leu depreciated against the euro in Tuesday’s late trades, contrary to the regional trend, due to a high euro demand from investors who marked part of their profits.

Romanian Shrs End Up 4%, Lender Tops Chart

17:10, 31 Mart. 2009
Romanian shares ended up Tuesday, recovering part of last days’ loss, with the country’s second largest lender BRD-Groupe Societe Generale (BRD.RO) toping the charts.

Romania’s Rulmentul Brasov To Be Again Put Up For Sale End-April

17:02, 31 Mart. 2009
The liquidators of Romanian ball bearing plant Rulmentul Brasov (RBR.RO) decided Tuesday to put up the platform for sale again at the end of April, after the previous bid was annulled.

Romanian 1Q GDP Seen Dn 2.9% – Prognosis Commission

17:00, 31 Mart. 2009
Romanian gross domestic product is seen contracting by 2.9% in 2009’s first quarter to 88.5 billion lei (EUR1=RON4.2348), from RON91.13 billion in the first three months of 2008, according to a document of the National Prognosis Commission CNP obtained by MEDIAFAX.

Cinci persoane, trimise în judecată în dosarul macaralei prăbuşite în martie 2007, în Dâmboviţa

16:40, 31 Mart. 2009
Cinci persoane au fost trimise în judecată, marţi, în dosarul privind prăbuşirea în râul Dâmboviţa, în urmă cu doi ani, a unei macarale amplasate în apropierea podului Mărăşeşti, mai multe autoturisme fiind avariate în incident, informează Parchetul Judecătoriei Sectorului 4.

Rusia pregăteşte un nou sistem de securitate în Cecenia

16:37, 31 Mart. 2009
Serviciul federal de securitate rus (FSB) şi Ministerele Apărării şi de Interne vor elabora un set de propuneri pentru un nou sistem de securitate în Cecenia, care va înlocui operaţiunea antiteroristă aflată în curs de desfăşurare, au anunţat marţi agenţiile de presă ruse, citate de AFP.

Douăzeci şi cinci de români, specializaţi în falsificarea de carduri bancare, arestaţi în Spania

16:37, 31 Mart. 2009
Poliţia spaniolă a arestat 25 de români, membri ai unei reţele specializate în falsificarea de carduri bancare, informează site-ul adn.es.

Bk Lending May Revive In 3 To 9-Mos – CFA Romania

16:37, 31 Mart. 2009
The lending activity in the Romanian banking system may revive in a three- to nine-month period, but the local companies will not register similar growth rates as prior to the crisis, CFA Romania president Dragos Cabat said Tuesday.

520 Employees In Romania’s ArcelorMittal Hunedoara File Requests To Leave Co

16:31, 31 Mart. 2009
Over 520 employees in Romanian steel plant ArcelorMittal Hunedoara enlisted themselves between December 16, 2008 and March 31,2009 on the lists of persons willing to voluntarily leave the company.

Romania’s SSIF Broker May Post RON70M Loss For ’08

16:20, 31 Mart. 2009
Romanian brokerage company SSIF Broker Cluj-Napoca (BRK.RO) might post a 70.4 million lei (EUR1=RON4.2348) loss in 2008, after booking provisions worth RON72.4 million, due to the lower market value of the shares in its portfolio.

Austrian Erste Recommends „Accumulate” To Romanian Petrom Shrs

15:53, 31 Mart. 2009
The analysts for the oil and gas segment with Austrian Erste group recommend "accumulate" to Romanian oil company Petrom, with a target price of 0.17 lei (EUR1=RON4.2348) per share on a 12-month period, on the backdrop of expected rise in the crude oil price.