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On a crowded market, most of the milky producers obtained last year profits in decrease in comparison with the previous year. However, for the future the milky market seems promising, so new competitors turn up in Romania. On the milky market, one of the most competitive markets from the Romanian economy, big profits are hardly being obtained, once with the increase of the...
Exclusively for our readers the European Automobile Manufacturers Association estimates the expenses for applying the environment legislation and replies to the accusations of the non governmental organizations, which announce that the big auto producers through their influence, relations and resources of which they dispose, they determine the European Commission to play according to their interest. „Financiarul”: Which are the needed costs for implementing by the European...
The Europeans have to choose between big and powerful cars for accessible prices that are delivered at package with intensive pollution, or cars with a fresher air and a healthier life, at package with smaller and more expensive cars. Until they decide, the auto industry tries at Brussels to reduce as much as possible the costs, and the environment organizations try to ruin its games. The road transportation is the “black sheep” of Europe at the pollution chapter. According...
The value of the projects announced in the first six months of the current year on the real estate market from Romania is with 10% higher than the similar period of last year. Despite the rumors and the problems from the local and international market, these are close to 17 billion euro. On the other hand, a higher value is justified by the increase of the construction costs and by the rise...
The close to approval project by the Government of the Authority for State Assets Recovery (AVAS) doesn’t change, at least for the moment, the plans of Hidroelectrica company: representatives of AVAS sustain that the company would keep on selling micro hydro-electric power stations. The government will take as soon as possible a positive decision regarding the set up of the national...
The president E.ON Power Romania, Gunther Schubert (photo), was appointed Chief Executive Officer of E.ON. Bulgaria, starting with 15 September, according to an official statement of the company. Gunther Schubert has managed the activities of E.ON in Romania since 2006, after the set up of E.ON Distribution and E.ON Supply, taking over the position of president of the Council of Administration...
As services like Twitter, Pownce or Cirip become more and more popular, analysts notice a growing correspondence of the phenomenon of communication with the blogosphere. Even if in first stage, Twitter was used only for reporting a constant mood of individuals, at the moment the service is more and more used instead of the usual blogs.
The repeated increase for interests to deposits seems to have touched at least partial the goal. Romanians begin to deposit their savings in bank lured by the profitability of the placement. Moreover, the Romanian leu is preferred when it comes about deposits, however it isn’t chosen when it comes about loans. In other words, we save money in lei, but we take loans in foreign currency. At the end of June, the deposits in banks, in lei and currency, totalized 21,4 billion euro while the...
The situations in which will be paid tens of million euro for land will be less this year against last year. The limit could be quartered to 68 million euro, sum that represents the value that was paid for 1,63 hectares from Satul Francez (French Village), located in the area of Herastrau Park in the north of Bucharest. The value can increase if there turn up for sale building plots with...
Karl Petrikovics, chief executive of Immofinanz and Immoeast funds, Austria’s largest property developers, that have investments amounted to over four billion euro in Romania, in an interview for Bloomberg stated that those two funds can merge till the end of this year. “The first step is the Constantia acquisition. (n.red. – the real estate division of Constantia...
The new competition season from the First football League brings records on financial plan, especially due to the big earnings obtained for the TV rights, coming back in of the Romanian teams in the Champion League circuit and development of the sports marketing. However, it is a long distance against the Western championship in what concerns the organization or transparency. According to...
The problems of Ukraine in setting up the co-organization of the European Football Champion from 2012 remained in the public attention, by the assumption launched in the British press about an eventual involvement of Germany. The Daily Telegraph journal published at the beginning of this week the information that UEFA contracted the German Football Federation in order to substitute Ukraine in...
The big problems of the actual world – global warming, fight against hunger or against AIDS, the disease of the XX century, these are challenges which informaticians can solve. With many work and creativity, they can set up technological innovations that can change the world. These are the challenges which determined the Microsoft representatives to set up a global competition directed to the students all over the world, this year being at the sixth edition. An inhabitant of Iasi managed to make himself conspicuous out of a pool of 200.000 competitors and to finish on the second...
At the end of the first half of 2008, those 15 companies of private pension funds administration from Poland had net assets amounted to 136,4 billion zloty with 2,5% less against December 2007. The suffered loss of about 3,6 billion zloty (over one billion euro) in only six months it’s due to the fall of the stock exchange from Warsaw and to the European capital markets, based on the...
The Interamerican Pensions Company has handed in the documents required in order to be authorized as voluntary pension administrator. “The success obtained on the mandatory private pensions market, by being positioned in top 5 pension administrators and the decision of the main shareholder of the company, Eureko BV, of investing another 3,2 million euro in the pension company are well-founded reasons for activating also on the voluntary pension market”, the general director of Intermarican Pensions, Besim Jawad, stated. The company requested the authorization of two voluntary...
The participants at the private pension funds can transfer anytime to another fund from the 2nd Pillar system, the transfer demands being processed by the National House for Pensions and Other Social Insurance Rights (NHPOSIR) only four times yearly, meaning on the first day of each February, May, August and November. The fund administrators are expecting to a small number of this type of transfers, especially that a fund with a big monthly return, at the beginning of the period for investments, it isn’t a real attraction. Not for another two years the return of the funds can be...
The international credit crisis should have made the credits much more expensive and harder of being taken, inclusively in the euro zone. This doesn’t happen at least for the moment, it is revealed in a study published by Guillermo de la Dehesa, president of the Economic Policy Research Centre (EPRC). Although the banks from the euro zone confront with some important problems imported from the American credit institutions, they haven’t increased the costs and neither limited the...
At the beginning of the ’80, many countries from the European Union didn’t have a developed mortgage credit market. The situation faced by some states can be compared with the one from Romania. However the low interests, next to the economic increase and some fiscal incentives had an important contribution in the expansion of the housing loans. So, the mortgage market has doubled...
The private healthcare services are starting to develop in Romania rather through their own forces. The direct foreign investments aren’t significant, and their presence is preponderant noticed in clinics. “Superclinics” have turned up and we hardly entered in the stage of hospital. Then follows the stage of expansion in the country, in the big cities. One of the big players...
TripAdvisor, a site with over 22 million visitors per week, draws the attention to the potential tourists about the dangers to which they can be exposed in Romania, however outlining the hospitality of the people, much more hospitable then most Westerns are. The Peles Castel is on the first position in the top of the most voted destinations from Romania.
The fulminate rhythm of the price increase for power in the euro zone, but also in Romania nourishes the increase of inflation. During the last six months, the main concern of the Europeans has become the constant increase of prices. For 37% of them the increase of the inflation rate is a nightmare, substantially outrunning the unemployment spectre, of which fear only 26%. The...
When you say Bulgaria, you don’t say only the Golden Sands, but you enumerate a series of new resorts turned up at the Black Sea side. When you say Bulgaria, you say Kozlodui. When several Romanians that aren’t anymore at the first youth speak about Bulgaria, they remember about the evenings they’ve spent in company of the Bulgarian television, when the children knew how to say “Good night, kids” in the language of the neighbors from South of the Danube. ...
Oltenia is one of Romania’s regions with a very high rate of unemployment. The average of this economic index on those five counties from Oltenia is of 6,9%. If in Valcea county things are better, there being a rate of unemployment of “only“3,6%, not the same can be said about the county Olt – with 10% – and Mehedinti, with 9,1%. In the middle there are Dolj and...
In 2008, the rate of penetration of the telephony in Romania is of 80%, reported to an average of the European Union countries of 95% and with 9% less then its partner of adhesion, Bulgaria. 20% of Romania’s population has no access to telephony, a percentage twice bigger against the second ranged in this top, our neighbors from south and in terms in which in 22 out of those 27 member...
The businessmen from Iasi Bogdan Pitigoi and Gabriel Mardarasevici will finance with 250.000 euro the development of an outdoor advertising network. The idea was of a young of 20 years from Iasi and will be sustained through the “business angels” system. One quarter of a million dollar is the sum which two businessmen from Iasi have decided to entrust to a student of 20 years...
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In editia curenta: nr. 168 2008/09/05
