Tuesday, December 3, 2013
Sunday, November 17, 2013
Hopefully, in their blind obedience to Merkel and co, the amazingly stupid and corrupt EU Commission will have gone yet another step too far. IF You are Italian or Spanish and you read the headline in your local paper that the EU wants to make you poorer and take more power to themselves from your Government...I think ropes and lamposts are in order for the EU Commissioners if they go much further.
Germany's status as Europe’s industrial powerhouse could be damaging the single-currency bloc, the European Commission has said, as it launched a probe into whether the country’s large trade surplus was hindering Europe’s recovery. Europe’s biggest economy was one of three countries singled out for an “in-depth review” by the EC’s Alert Mechanism Report on Wednesday. The Commission said Germany’s large current account surplus, which accounts for most of the eurozone’s positive balance, “may put pressure on the euro to appreciate vis-à-vis other currencies. “In case such pressures materialise, this would make it more difficult for the peripheral countries to recover competitiveness through internal depreciation,” it said. However, Brussels insisted it was not criticising Germany’s economic success. “The issue is whether Germany ... could do more to help rebalance the European economy,” said Jose Manuel Barroso, the president of the EC. Olli Rehn, commissioner for economic and monetary affairs, added: “Let’s be clear, we are not criticising Germany’s external economic competitiveness or its success in global markets, in fact that is what we want from all EU member states,” However, Mr Rehn said Germany’s “persistent high surplus also means that Germans are persistently investing a large part of their savings abroad. The question is whether this is efficient, even from the German perspective.” The EC also fired a warning shot at Britain, and said rising house prices would restrain households’ ability to cut debt. The Commission highlighted Britain’s unbalanced recovery. According to Eurostat, Britain’s share of world exports declined by 19pc between 2007 and 2012. The EC said levels of Government debt in UK remained a concern, while the “ongoing balance sheet repair of the financial sector and the persistent scarcity of credit for smaller firms may continue to hold back economic growth.” EC data last week predicted Britain’s commercial deficit will be the highest in a quarter century next year, at 4.4pc of GDP. Meanwhile, low-tax, banking-rich Luxembourg, and Croatia, which accepted a bailout this year, were also added to the EC’s watch list.
Wednesday, September 25, 2013
Wednesday, August 14, 2013
Sunday, May 26, 2013
Friday, March 1, 2013
Thursday, February 7, 2013
Sunday, January 27, 2013
Thursday, November 22, 2012
Friday, February 25, 2011
In the calculation of this index, ZF chose one brand from each category of products, a brand that is well positioned in terms of market share, produced by one of the top-five players in the category. Therefore, one kilo of Băneasa flour costs 2.8 lei in February, 41.4% more than in July 2010. 1 Kilo of Lemarco sugar now costs 4.295 lei, compared with 3.28 lei, an increase of 30.9%. Similarly, the price of Floriol vegetable oil (1 litre) rose over 35%, from 5.11 lei to 6.91 lei. Data from the National Statistics Institute (INS) point to a 10.2% price increase for flour in the July 2010 - January 2011 period. Similarly, the increase amounted to 8.1% for sugar. The only products whose prices fell, of those analysed by ZF, were beer, mineral water, apples, with the decline amounting to 6.1%, 0.1% and 12.4% respectively.
Thursday, February 3, 2011
Wednesday, January 26, 2011
Romania To Pay VAT Refunds Worth RON1.36B In January
Of the total refunds, ANAF has already paid Monday RON557 million, and will pay the rest of the sum by the end of the month. Some RON1.21 billion of the total refunds represents compensations.
Thursday, December 30, 2010
In 2009, developers completed retail projects totaling 195,000 sqm, according to CB Richard Ellis (CBRE) data.
Oradea Shopping City, Uvertura City Mall Botosani, Vitan Outlet Bucharest, Policolor Shopping Center Bucharest and Electroputere Shopping City Craiova are other projects scheduled for completion in 2011. Read more on http://www.mediafax.biz/. (Z.F.)euro, criza datoriilor de stat, euroscepticismul, monede nationale, renuntarea la euro, salvare euro, zona euro
Thursday, December 23, 2010
Saturday, December 4, 2010
But with German public support in the balance for rescuing euro partners Greece, Ireland and possibly others, it is a tough message for the domestic audience. This explains the apparently mixed messages emerging from Berlin. Germany voices strong objections to some of the proposed solutions to the euro crisis, such as joint euro zone bonds, and Merkel's insistence on a crisis mechanism from 2013 involving private investors has upset markets.
"But in the end Germany has a vital interest in the survival of the currency union," Dekabank economist Andreas Scheuerle said. While mass-selling daily Bild runs headlines like "How Long Will the Euro Hold Out?" and some pundits suggest a north-south euro divide, the crisis seems to have hardened the German establishment's view that there is no alternative to the single currency. The government, including the sometimes fractious members of Merkel's centre-right coalition, plus the business world and the serious media are at pains to nix any talk of Germany losing its enthusiasm for the euro or returning to the deutschemark. Economy Minister Rainer Bruederle, from the Free Democrats, Merkel's often uneasy coalition partners, said on Thursday reinstating national currencies in the euro area was "not realistic". Merkel repeats that Europe's fate is inextricably tied to the currency shared by 16 countries and her comments on private investors needing to share in sovereign risk from 2013 reflect a belief that the euro will still be around. Currently enjoying a much stronger economic recovery than its partners, Germany may return to pre-crisis growth levels as early as next year, largely thanks to exports. So grumbles about the euro are slapped down with the argument that a revived deutschemark would quickly render German exports too expensive."The mark would be so overvalued against other currencies that our exports would be in trouble," said Andre Schwarz of the exporters' association BGA. "The solution is not to let the euro break up."Agerpres, Mediafax, Romanian Vancouver Sun,Global News, Financial Times,Le Monde,Tribune, ,Wall Street Journal,The Washington Times,Athens News,The New York Times,USA Today
Monday, November 29, 2010
In mid-October, OMV finalised the acquisition of Turkey's biggest petrol station chain, Petrol Ofisi, for which it paid one billion euros, securing a significant share of a market credited with the biggest chances of growth in the next period.Reinhard Pichler, 49, former CFO of Petrom, left his position last week, being replaced by Daniel Turnheim, a member of the OMV group since back in 2002. Pichler is not leaving the group, however, but will go to Turkey, where he will fill the same position he has occupied in Petrom since 2004.At the beginning of this year Tamas Mayer, who used to be in charge of Petrom's marketing operations, i.e. of the nearly 550 distribution stations, left the position to become Vice Chairman of the Board of Directors of Petrol Ofisi. According to some sources, Mayer will be running marketing operations within Petrol Ofisi, as well.Agerpres, Mediafax, Romanian Vancouver Sun,Global News, Financial Times,Tribune, ,Wall Street Journal,The Washington Times,Athens News,The New York Times,USA Today,Le Monde
Tuesday, November 23, 2010
Ireland's six banks, five of which are already nationalized or part-owned by the state, would be pruned, merged and possibly sold off."Because of the huge risks they (Irish banks) took earlier this decade, they became a huge risk not only to this state but to the eurozone as a whole," he said.Irish banks invested aggressively in runaway property markets at home and abroad. After the 2008 credit crunch sent property prices into freefall, the government tried to save the banks from bankruptcy by insuring all of their borrowings against default. That unprecedented promise - made to retain investor confidence in the country - cannot be kept without a bailout, the government has finally been forced to concede.Unions warned that overhauling the banks would mean thousands more lost jobs in Ireland, where unemployment has already reached 13.6 percent, the second-highest rate in Europe after Spain.Banca Mondiala,FMI, Guvern,agenda de business, bugetul de stat, economie, revistapresei,romania,antena3.ro,realitatea.net,mediafax,bucuresti,camera de comert
Friday, November 19, 2010
Amid the falling sales of traditional loans, could credit cards become the new form of ID card-based loans, given that as small sums are involved clients get such a product more easily?
Tuesday, November 2, 2010
Wednesday, October 20, 2010
He mentioned we have to give up the idea that it is a good thing if the international reserve is growing, NewsIn states.
As to the gold reserves of the neighbor countries, he said the central lender of Bulgaria has a reserve of 39.8 tons, that from Latvia 7.8 tons, that from Lithuania 5.9 tons, that from Poland 103 tons and that from Slovakia 31.7 tons. Romania's gold reserve stands at 103.7 tons.
The governor also talked about the gain from administering the international reserves, which dropped dramatically from 2008 and 2009 and even more in 2010.
The price of gold rose 2.5 times in the past five years.
Romania's foreign currency reserves lowered by 1.13 percent in June from the previous month, to 31.62 billion euros, according to a release issued by the central lender BNR.
Romania's international reserves – foreign currency and gold – eased 0.7 percent at the end of June to 34.99 billion euros, from 35.25 billion euros at the end of May.
The gold reserve maintained at 103.7 tons, but the evolution of international prices increased its value by 3.37 percent to 3.37 billion euros, from 3.26 billion euros in the previous month.