Romania

What the newspapers say: Wednesday, March 10, 2010

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The fight against discrimination has been forgotten on a piece if paper after the EU integration. Elsewhere in the news, the mutant potato was refused by Romania. Last but not least, Romanian police have discovered tens of people arrested in several farms from Constanta county, where they have allegedly been forced to work in terrible conditions.

Companies with 850m-euro business insolvent

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As part of its new anti-crisis plan, the Government should announce the creation of a national investment fund fuelled by minority stakes the state holds in various companies, which should be used for investment projects.



Prosecutors demand access to the file regarding the accident in Singapore

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Prosecutors demanded authorities in Singapore access to the procedural acts  they have in the accident provoked in December last year by a car pertaining to Romania's Embassy there when a man died, Romanian news agency Mediafax informs.

Google organises a seminar to promote Romanian tourism

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Google, owner of the world's most popular search engine, will organise a seminar in partnership with the National Association of Travel Agencies in Romania (ANAT) next week in Bucharest, to promote Romanian tourism within the “Holiday Market” travel fair.



Synovate study: Romanians' trust in banks dropped / 18 of 100 Romanians have a positive attitude towards financial institutions

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The global financial crisis affected the trust of the population in banks and their opinion about the banking sector but clients in Central and Eastern countries display a strong loyalty to financial institutions, a Synovate survey concludes. Romania registers the smallest rates related to trust in banks: only 18 Romanians of 100.

The government decided to declassify the last documents in the 1989 Romanian Revolution

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I decided to declassify the last documents in the 1989 Revolution, PM Emil Boc announced after the government's meeting on Tuesday. He said that the documents will be published in the Official Journal.

Humanitas posts 30% lower turnover, to 7m euros

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The Humanitas group, which includes the Humanitas Publishing House, Humanitas Fiction, distribution company Librariile Humanitas and Humanitas Multimedia, ended last year with a 7 million-euro turnover, compared with almost 10 million euros in the previous year, according to company officials.



Matache Macelaru on the verge of insolvency

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Principal Company, which makes the Salonta and Matache Macelaru charcuterie products, is one step from insolvency after Buzau Court of Law last week decided to start insolvency proceedings in the wake of law suits filed by five lenders.



Atay, Garanti Bank: Partnership with GE Money will continue in Romania

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The Romanian subsidiary of Garanti Bank will continue its partnership with GE Money subsidiaries, although US giant General Electric has recently voiced its intention to exit the Turkish group's shareholder structure.



Leasing down by 72%

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Leasing has been the hardest hit market by the financial crisis, with financing granted last year for the acquisition of cars, buildings and equipment plunging by 72%, to 1.33bn euros, according to the data provided by the Association of Financial Companies (ALB).



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