Financiarul categoria English www.financiarul.com http://www.financiarul.com Fri, 21 Nov 2008 13:50:55 +0200 financiarul.com ro financiarul.com Toate Drepturile Rezervate Financiarul categoria English http://www.financiarul.com http://www.financiarul.com/images/logo.jpg Banks will start to grant credits at increased level hardly in spring http://www.financiarul.com/articol_17591/banks-will-start-to-grant-credits-at-increased-level-hardly-in-spring.html The mix formed by the financial crisis and the new regulation of the National Bank concerning the loans seem to be fatal for the crediting system in Romania. Even the bankers recognize it and they appreciate that if those two events hadn't taken place in the same time, the loaning wouldn't have frozen, it would have just slowed down. October is considered one of the blackest periods since the post Decembrist loaning period, and November or the following three months don't se... Aero Vodochody to take over IAR http://www.financiarul.com/articol_17477/aero-vodochody-to-take-over-iar.html Igor Hulak, president of the Czech company Aero Vodochody, has visited on Tuesday IAR Ghimbav and carried on discussions with the administration and trade unions. Aero Vodochody is the single company that remained in race for taking over IAR, after AVAS excluded from negotiations Marcovici Capital Ltd. Israel. Igor Hulak stated that it was impressed by the organization of the society from Brasov. However, the technology should be changed, starting with the production equipments and th... Products made in Romania start to lose their customers http://www.financiarul.com/articol_17410/-products-made-in-romania-start-to-lose-their-customers.html Germany and Italy have officially stated that they have entered in economic crisis. The shock wave has touched also the Romanian economy, through the collapse in demand on the main two export markets, and also on other European markets, where our country still had profitable businesses.The group of the European Union member states that meet the criteria of an economy in recession, respective two consecutive quarters of decrease in the gross domestic product, is more and more numerous. According... Romanian siderurgy industry reduces the production activity http://www.financiarul.com/articol_17350/romanian-siderurgy-industry--reduces-the-production-activity.html Year 2008 started promising for the aggregate works in Romania. The intermediary financial results forecasted economic performances above the ones in 2007 and it was mentioned about a huge investment next to the shore. The world economic crisis has ruined the plan of the siderurgists. Now, at the end of the year it's being spoken about reducing the production and about unemployment. At the middle of September, the Ministry of Economy has sent to Brussels a study that shows that t... Record fuel sales for oil companies http://www.financiarul.com/articol_17224/record-fuel-sales-for-oil-companies--.html The drop in world demand for crude oil caused by the financial crisis generated a sudden fall of international quotations for oil on the international market. If during the summer we were referring to a price of 140 dollars per barrel, now the quotation has dropped under 60 dollars. The oil companies from Romania have adopted crisis measures and are on the look-out, although they say that aren't affected yet. However, they have record quantities of commercialized fuels. The oil... Metallurgy and scrap metal recycling, the sectors with problems in Iasi http://www.financiarul.com/articol_17144/metallurgy-and-scrap-metal-recycling-the-sectors-with-problems-in-iasi.html Revised sales in fall, reduced orders, dismissal of personnel, these are only a few of the effects which the crisis has in Iasi. More and more companies from Iasi say that they follow to reorganize their activity, as a result of worsening the economic conditions. The first signal was drawn by the metallurgy and scrap metal recycling industry. The owner of the companies Remat and Pieta was among the first ones that have operated reorganizations within the group of companies which he controls, af... The minimum investment in a spa center: 1.000 euro/sq http://www.financiarul.com/articol_17099/the-minimum-investment-in-a-spa-center:-1.000-eurosq.html During this year, the number of operational spa centers in Romania increased with over 50%, mainly on the hotels segment, up to a total of 190 rooms, according to the data supplied by the consultancy agency MondoSpa. In 2009, the evolution of this market will follow the trend of 2008: an increase that will mainly focus on the hotel spa segment. Moreover, next year the profile market will come up with something new: the set up of the first real estate spas inside the Stejarii in Baneasa an... Outgoing tourism demand will moderate in 2009 http://www.financiarul.com/articol_17091/outgoing-tourism-demand-will-moderate-in-2009.html Even if the sales for New Year's Eve don't put up to the expectations, the Romanian tour-operators are already preparing touristic offers for the next year. The coordinates of the touristic year that starts in 2009 consist in inserting new charter flights, the decrease of price to some worldwide touristic services (due to the decrease in demand generated by the economic crisis) and aggressive promotion of some destinations. So the Romanians will be able to choose among the ... The crisis, a perfect timing for launching online start-ups http://www.financiarul.com/articol_16971/the-crisis-a-perfect-timing-for-launching-online-start-ups-.html The major players inside the Internet industry appreciate that the moments of crisis, as it also happened in 2000-2001, are a perfect timing for launching new projects, sites that will gain billion of dollars in a few years. At least this is the conclusion drawn by the founder of Digg.com, Kevin Rose, to Web 2.0 Summit 2008 which just ended at San Francisco. It's also true that the only concrete event of the conference was the launch of MySpace Music and the rumor that the online divisio... Discounts for online shopping http://www.financiarul.com/articol_16970/discounts-for-online-shopping.html Microsoft pours even more money in promoting its search engine, announcing that will offer discounts up 25% to all those that are searching products through Live Search and buy from eBay, for example. For sure, there are many conditions, and the limit of the prices is of about 200 dollars, the payments being mandatory through PayPal. Obviously, only for the users from United States. Microsoft also offers points for the ones that frequently use the searching engine, and certain sums of points can... Larger expenses http://www.financiarul.com/articol_16969/larger-expenses-.html The analysts say that for the current year the budgets allocated by users for online holiday shopping are with at least 15% higher against last year, due to the fact that the sums are being transferred from the traditional shops. However the growth is reduced, because on last year there were recorded larger expenses with 54% more against 2006. Realized by IMGR and Capgemini, the study shows that the traditional retailers will face serious problems. ... Online caricatures http://www.financiarul.com/articol_16968/online-caricatures-.html Two passionate of drawing have launched the site Pixton.com, an online community of those passionate of caricature and drawing, where anybody can load this type of productions and can rate others designs. Launched in January, the site increased to 150.000 visitors and about 10.000 subscribed users, fact that proves the interest shown for this domain. ... MGM to post full films on YouTube http://www.financiarul.com/articol_16967/mgm-to-post-full-films-on-youtube.html Metro Goldwin Mayer (MGM), one of the biggest studios of cinema production in the world, is the first player in domain who decided to post full length films on YouTube, instead of the usual trailers and promo videos, the officials of those two companies say. Google is testing new methods for obtaining profit by YouTube , one of the solutions being to insert commercials in the clips that appear on the site. However, it seems that for gaining the audience, the officials decided to include also ful... More than two million Romanians won't vote on November 30 http://www.financiarul.com/articol_16864/more-than-two-million-romanians-won-#039;t-vote-on-november-30-.html According to the current legal stipulations, the voters will be able to attend to the general elections only to the polling stations in which their domicile is according to the ID. In conclusion, the students, the ones without sojourn documents in other countries or the ones that work in other cities without having mutation, won't be able to vote on November 30. Over two million Romanians find themselves in this situation. Although the right to vote is guaranteed by Constitution, a... Eight out of ten Romanians resorted to promotions for taking credit http://www.financiarul.com/articol_16807/eight-out-of-ten-romanians-resorted-to-promotions-for-taking-credit.html Considered till recently a market of all possibilities, the Romanian credit market is confronting with a change process that seems to completely shake it. Forced by the international financial crisis, and also by the new crediting rules adopted by the National Bank of Romania (Banca Nationala a Romaniei BNR), the banking institutions seem that they don't make efforts for attracting customers willing to take credits. Almost all the banks have dropped out to the famous promotions to l... Romania's poorest areas will be the most affected by the financial crisis http://www.financiarul.com/articol_16723/romania-#039;s-poorest-areas-will-be-the-most-affected-by-the-financial-crisis.html Dark times for unemployment at Iasi. With or without being related to the world crisis, the capital city of Moldavia is facing with a dramatically situation in what concerns the layoffs. Hundred of persons have already lost their jobs through collective or individual layoffs. The local authorities estimate that till next spring other 2.000 persons risk to be dismissed, directing the unemployment rate of Iasi to rise over 10%. The world crisis will hit the Iasi county , but its effects will... New rules for the tax year 2009 http://www.financiarul.com/articol_16607/new-rules-for-the-tax-year-2009.html According to GEO no.127 of October 8, 2008 in order to change and complete the Law no. 571/2003 related to the Fiscal Code, taking into consideration the difficulties recorded on the international financial market and the negative effects on the domestic capital market it is imposed adopting of some prompt fiscal measures which to support the Romania stock exchange market. The fiscal measures proposed by the ordinance have as goal to reduce the negative influences generated by the difficul... Internet traffic, limited to 5-10GB monthly http://www.financiarul.com/articol_16560/internet-traffic-limited-to-5-10gb-monthly.html The Internet users watch more and more online video content, and this means an increased traffic, and also increased invoice values of the ones that have limitations and especially of the ones that access YouTube on the cellular phone, the experts in domain say.Due to the fact that some big operators of Internet services have removed of their offers the option unlimited, the access to online video could turn to be more and more expensive in the next period, the analysts say. The ... Knol attacks Europe http://www.financiarul.com/articol_16559/knol-attacks-europe-.html The site type encyclopedia developed by Google, Knol, has adopted the languages French, Italian and German for developing its audience in Europe. Although it was launched pompous and even promoted in the search engine of Google, Knol doesn't record for the moment a special success, and the team is looking for new development solutions. ... Fatal comments http://www.financiarul.com/articol_16558/-fatal-comments.html Several employees of the air company Virgin Atlantic were dismissed after they have commented on Facebook about the technical problems of the aircrafts and about the misery that exists in the aircrafts, due to the company and also to the thick-skinned passengers. Virgin appreciated that their behavior has brought damages to the company and was insulting for its passengers and in conclusion has chosen to dismiss those 13 employees that participated to the discussion. ...