14 oct. • Bucharest Bucharest drops in list of best for business European cities Bucharest was placed 31 of 34 in a list of best for business European cities, a lower position than it received in the previous years, when Bucharest was placed 28 of the 33 cities in…
14 oct. • Bucharest Union strike in Bucharest causes traffic jams Some 20,000 union members of the biggest four union confederations in the country are expected to march today in the Constitutiei Square in Bucharest. Starting 11 am, union members will gather in the square and…
14 oct. • Bucharest Monopoly Media launches audiovisual network in Bucharest subway system Romanian media group Realitatea-Catavencu launches on Monday, through its indoor advertising company Monopoly Media, a new project, Zoom, consisting in a channel due to broadcast via a network of TV screens distributed evenly in the…
14 oct. • Top News Joan Hoey, Senior Analyst, EIU: "Romania needs to attract capital inflows" Romania still ofers a good perspective for greenfield investments, an analyst for The Economist Intelligence Unit. Still, whether the economic slowdown will cause a hard landing or a soft one for Romania in the following…
14 oct. • Regional Europe European Commission explains the effects of the crisis on the EU financial resources The EC spokesperson for the Commissioner for Budget and Financial Planning, Dalia Grybauskaitė, answered a series of questions asked by HotNews.ro about the effects the international financial crisis will have of the EU budget. „Unless…
14 oct. • Business EU states promise to support big financial groups in case of crisis European Finance ministers decided on Tuesday to increase the minimum guaranteed amount for bank deposits from 20,000 euro to 50,000 euro, AFP informs. EU states thus decided to secure the savings of the population if…
14 oct. • Top News Spain Ambassador to Romania: restrictions for Romanians and Bulgarians maintain social peace Spain hosts a significant Romanian community but the Madrid government imposed a moratorium that limits the access of Romanians on the labor market. The moratorium will be re-evaluated in 2009 but the document is considered…
14 oct. • Top News Bruce Jackson: Hopefully the court will not give the Serpents Island to Romania or Ukraine In the dispute related to the Serpents Island, both Romania and Ukraine but Romania in particular acted childishly: both refused to negotiate on the issue considering that they’re stand is superior to the other, Bruce…
14 oct. • Regional Europe Almost 300 Romanians expelled from Ireland in 8 months Romanian citizens represent the biggest community within the European Union who have accepted to be repatriated from Ireland in January-August 2008. The majority pertain to the Rroma community. The program was introduced in the last…
14 oct. • Regional Europe Three British experts explain for HotNews.ro the impact of the global financial crisis Great Britain is rated to be the 8th most prosperous country in the world by Jane’s Country Risk, a company that has reached to this conclusion after one year of solid analysis. But the global…
14 oct. • Top News Romania president: The real problem is not with the teachers' wages, is with the lack of a salary law for all the jobs in the public sector „I would like to convince you, with all my responsibility as a president, that the Romanian banking system is solid, thanks to the policies adopted by the Central Bank. However, as solid as it is,…
14 oct. • Politics Bundestag vice president accuses Romanian Government and Parliament of populist actions German Bundestag’s vice president, Susanne Kastner (Social Democrat) accused the Romanian Government and Parliament of adopting populist measures, pointing at the controversial 50% wage increase for teachers, NewsIn informs. Kastner made the statements during her…
14 oct. • Top News Government may freeze wages in Romania Liberal vice president Teodor Melescanu declared in an interview for NewsIn, that a governmental ordinance freezing all salaries – except for those already increased – may be expected, in case the populist measures decided in…
14 oct. • Top News Deputies voted the anti-prosecutors' law that outraged the European Union Deputies passed today a report of the Judicial Committee that eliminates a series of the controversial modifications initially proposed. However, the report still maintains a series of articles that diminish the power of the prosecutors.…
14 oct. • Top News Deputies approve hunting in protected natural reservations Deputies voted today, with 205 votes for, 5 abstains and none against a draft law on hunting, at the initiative of 1 Liberal and 4 Social Democrat Deputies. The project looks a lot like a…
14 oct. • Top News The Court rules: Chief prosecutors cannot be named by the Superior Council of Magistracy without the approval of the President The Constitutional Court decided on Wednesday that chief prosecutors cannot be named by the Superior Council of Magistracy without the approval of the President, a press release of the institution informs. The Constitutional Court ruled…
14 oct. • Top News House of Deputies speaker threatens to close fall parliamentary session if major pressures affect Romania's national security Romania’s House of Deputies speaker Bogdan Olteanu threatens to suspend this fall parliamentary session if deputies continue to vote the populist measures that have devastating effects on the national budget. In less than two days,…
14 oct. • Top News Romanians abroad will be able to vote on November 30 at 221 constituencies only if they legally reside abroad Romanians found abroad on November 30, when the Parliamentary elections will be held, will be able to vote in 221 constituencies across the world only if they reside in the country they are at the…
14 oct. • Ultima ora Atentat in Afganistan Cel putin noua persoane au fost ucise in Afganistan de explozia unei bombe ce viza un convoi al NATO, relateaza BBC. Explozia a avut loc in provincia Uruzgan in sudul tarii, iar printre victime se…
14 oct. • Press Review What the newspapers say: October 13, 2008 Romania’s currency has every chance of losing ground this week, but the National Central Bank will use all its means to protect the exchange rate, one newspaper reads on Monday. Elsewhere in the news, Romania’s…
14 oct. • Business Wood&Company report: Central and Eastern European banks will be affected The financial institutions in the Central and Eastern Europe (CEE) will not see major difficulties in dealing with the economic slowdown, given the rather healthy macroeconomic environment in this side of the continent. But it…
14 oct. • Business Romanian currency strengthens after Central Bank intervention The Romanian Central Bank (BNR) announced on Friday a reference exchange rate of 3.7690 RON per Euro, 0.055 RON less than the previous session. The exchange rate on Thursday was 3.8249 RON per Euro. The…
14 oct. • Regional Europe G7 bankers meet in Washington to discuss the global financial crisis Economy and Finance ministers and central banks’ governors in the G7 countries – Germany, Canada, USA, France, UK, Italy and Japan – gathered in Washington on Friday, at 20:00h (Romania time), in order to discuss…
14 oct. • Business Stock markets still falling, Bucharest in pre-opening stage The Bucharest Stock Exchange maintains its pre-opening status on Friday morning: the market is opened, but there are no transactions taking place yet. meanwhile, international markets continue to drop. On Friday, the Stick Exchange in…
14 oct. • Business CEB offers unlimited refinancing for six days The European Central Bank announced that it will launch an exceptional refinancing procedure for the following six days, accepting unlimited demands in Euros from banks, with a 3.75% fixed interest, AFP informs. CEB promises to…
14 oct. • Business Romania will guarantee banking savings up to 50,000 euro Tariceanu added that he talked about this measure with Romania’s Central Bank Governor, Mugur Isarescu. Over 95% of the deposits are already covered by the current limit of 20,000 euro. On Tuesday, European Finance ministers…
14 oct. • Business Central bank official: No bank has issues with liquidity in Romania. No reason for clients to withdraw money No bank in Romania poses problems of liquidity for the moment and rumors that have been circulating about alleged troubles facing certain banks are not justified, the head of the Romanian National Bank (BNR) supervision…
14 oct. • Top News Financial crisis: top European economic powers meet for an emergency reunion Presidents and Prime Ministers of the states affected by the financial crisis will reunite as soon as possible in order to counteract the global financial crisis, British PM Gordon Brown announced. Brown made this declaration…
14 oct. • Business Bucharest Stock Exchange Head: neither investors, nor the population should panic due to the decision to suspend the stock Bucharest Stock Exchange’s President Stere Farmache declared on Wednesday in a press conference that nor investors neither the population should panic due to the decision to suspend all transactions today. The decision is solely meant…
14 oct. • Top News Guerilla against banks initiated through SMS and telephone calls Telephones, SMSs and comments on sites and blogs started announcing the imminent failure of several banks in Romania. The targets are both journalists and readers, clients of the banking system. Such poisonous message attempts to…
14 oct. • Regional Europe Austria guarantees all banking deposits irrespective of their value Austrian Chancellor Alfred Gusenbauer announced that Austria will guarantee all banking deposits of the population, irrespective of their value. To enter into force, the decision of the Executive needs to be voted by the Parliament.…
14 oct. • Business Fed, ECB, other central banks cut rates. Romanian RON ups against Euro The European Central Bank decided on Wednesday to cut its key rate to 3.75%, AFP reports. In the US, Fed also cut its discount rate by half a point to 1.75% and the federal funds…
14 oct. • Business Bucharest Stock Exchange suspends trading following major fall The Bucharest Stock Exchange (BVB) suspended trading at 11.08 on Wednesday morning following massive drops of almost 15%. The BVB council proposed the suspension of trading for the whole session day. Trading is due to…
14 oct. • Business Massive depreciation on international markets. London, Paris and Frankfurt stock exchanges fall International stock exchanges registered significant drops starting early on Wednesday, as global investors panic despite all announced measures to help the financial system redress. Thus, stocks in London, Paris and Frankfurt register massive falls after…
14 oct. • Regional Europe British government partially nationalized problematic banks The British government announced on Wednesday a support plan for the British banking system which deals with a 50 billion sterling pound re-capitalization and a credit line of 200 billion sterling pounds offered by the…
14 oct. • Regional Europe Financial crisis causes its first car-making victims: Opel and BMW temporarily stop production, Ford starts firing people Due to the financial crisis, Opel decided to temporarily shut down production in almost all its European factories. In Germany, the Bochum production centers with 5000 employees and Eisenach with 1800 employees were shut down…
14 oct. • Business Romanian PM Tariceanu calls for prudent policies to protect economic stability Romanian PM Calin Popescu Tariceanu declared on Tuesday that banks need to take prudent policy decisions in order to protect the economic stability of the country. He underlined that Romania has no problems with the…
14 oct. • Business Romania's currency depreciated by 1.78% to 3.9410 Ron for 1 euro Romania’s National Bank established a reference exchange rate of 3.9410 Romanian Ron for 1 euro, a far higher level than the one established last week. The national currency depreciated by 1.78% after on Friday the…
14 oct. • Business Romanian central bank governor Isarescu: no real reasons to be concerned as the exchange rate is within normal limits considering national and international environment The Romanian banking system is stable and secure, Romania’s Central Bank Governor Mugur Isarescu said after meeting PM Calin Popescu Tariceanu to discuss about the financial crisis affecting Europe. Isarescu added that state titles are…
14 oct. • Ultima ora Presedintele Traian Basescu a suspendat sedinta CSAT Presedintele Traian Basescu a suspendat sedinta CSAT care a inceput marti, la ora 14:00. Deocamdata nu a fost anuntat motivul pentru care a fost suspendata sedinta, anunta televiziunile de stiri.
14 oct. • Ultima ora Accident de autobuz in India: 23 de morti Un autobuz ce transporta 67 de muncitori s-a ciocnit cu un camion pe o autostrada din nord-estul Indiei, cel putin 23 de persoane pierzandu-si viata in urma accidentului, transmite CNN. Accidentul a avut loc in…
14 oct. • In timp ce Parlamentul se pregateste sa-l inlocuiasca pe Dan Drosu Saguna Presedintele Traian Basescu a contestat la Curtea Constitutionala legea de organizare si functionare a Curtii de Conturi Presedintele Traian Basescu a contestat, vineri, la Curtea Constitutionala, mai multe articole din legea Curtii de Conturi. Seful statului nu este de acord ca institutia sa se organizeze dupa un regulament intern, contesta acordarea pensiei…
14 oct. • Horoscop Horoscopul pentru marti, 14 octombrie BERBEC Nu mai luati in seama deloc dificultatile familiale si din afaceri, in momentul in care vi se inapoiaza o suma importanta de bani. Vi se cere iarsi sa plecati la drum. Sanatate – ●●…
14 oct. • HotFilm VIDEO Nu ratati "Paranoid Park" Prezentat anul trecut la Cannes – cu care ocazie autorul sau, Gus Van Sant, a primit un premiu special ocazionat de aniversarea a 60 de ani de existenta a festivalului -, „Paranoid Park” nu inoveaza…
14 oct. • Ultima ora Nicolae Vacaroiu, noul presedinte al Curtii de Conturi Nicolae Vacaroiu este noul presedinte al Curtii de Conturi, dupa ce a obtinut votul senatorilor si al deputatilor in acest sens. Nicolae Vacaroiu va avea un mandat de 9 ani la conducerea Curtii de Conturi.…
14 oct. • Ultima ora Zilele Enescu la Berlin La Berlin incep Zilele Enescu, festival aflat la editia a 2-a si organizat de Ambasada Romaniei, Institutul Cultural Roman si Societatea Internationala Enescu, anunta Rador. Festivalul are in acest an o particularitate: prezentarea creatiei enesciene…
14 oct. • Ultima ora BNR: Un euro – 3,767 lei Banca Nationala a Romaniei a stabilit marti un curs de referinta de 3,7677 lei pentru un euro. Luni, moneda europeana era cotata la 3,7685 lei.
14 oct. • Ultima ora Sedinta de Guvern suspendata Sedinta de Guvern de marti a fost suspendata la cererea primului-ministru, anunta Antena 3. Guvernul trebuia sa decida, marti, limitarea salariilor sefilor agentiilor aflate in subordinea Executivului la nivelul maxim al salariului unui secretar de…
