demand

The demand for mortgage loans in Romania was down more than 50% in the first quarter of 2009 compared with mid-2008, when the international crisis’ effects were not yet felt, but the demand is seen reviving this year, UniCredit Tiriac Bank retail director Zoltan Major said.

The management board of the mechanical plant in Cugir, central Romania, has given up staff cutbacks scheduled within the reorganization plan of the company, as the plant has contracts and large orders for next year.

Romanian car maker Dacia announced Monday it will halt production between November 20 and December 7, due to decreases in the local and foreign markets. Dacia previously used this measure for another four days, on October 30-31 and on November 13-14.

Romanian car maker Dacia announced Monday it will halt production between November 20 and 21, due to the need to adapt production to the auto market evolution. Dacia previously used this measure for another four days, namely October 30-31 and November 13-14.

Romanian car maker Dacia will halt production at the Mioveni plant on October 30 and 31, as well as on November 13 and 14, to correlate production with commercial demand, the company announced Friday.