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Banks will start to grant credits at increased level hardly in spring
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... citeste mai mult
Aero Vodochody to take over IAR
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... citeste mai mult
Products made in Romania start to lose their customers
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.... citeste mai mult
Romanian siderurgy industry reduces the production activity
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... citeste mai mult
Record fuel sales for oil companies
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... citeste mai mult
Metallurgy and scrap metal recycling, the sectors with problems in Iasi
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... citeste mai mult
The minimum investment in a spa center: 1.000 euro/sq
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... citeste mai mult
Outgoing tourism demand will moderate in 2009
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... citeste mai mult
The crisis, a perfect timing for launching online start-ups
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... citeste mai mult
Discounts for online shopping
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... citeste mai mult
Larger expenses
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. citeste mai mult
Online caricatures
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. citeste mai mult
MGM to post full films on YouTube
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... citeste mai mult
More than two million Romanians won't vote on November 30
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, at... citeste mai mult
Eight out of ten Romanians resorted to promotions for taking credit
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... citeste mai mult
Romania's poorest areas will be the most affected by the financial crisis
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... citeste mai mult
New rules for the tax year 2009
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... citeste mai mult
Internet traffic, limited to 5-10GB monthly
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.... citeste mai mult
Knol attacks Europe
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. citeste mai mult
Fatal comments
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. citeste mai mult
Co-operation online, a dream came true
Jimmy Wales, founder of Wikipedia, the biggest project on the internet based on collaboration, stated that people aren’t prepared to collaborate in the online environment. „We are only at the beginning of the efforts for online collaboration”, Wales stated. He gave as negative example the sites of online video, such as YouTube or others. „The online video industry is in the stage of Web 1.0, even before the turn up of another type of technology 2.0“, he... citeste mai mult
Sinowal virus has compromised more than 500,000 banking accounts
On the Internet circulates a free virus that till the present has managed to find out the details of more than 500,000 online bank accounts and credit and debit cards all over the world, the experts in informatics security say. They add that this is one of the most dangerous viruses ever created. The virus represents a serious threat because uses a common infection method known as “drive-by download” and the users get infected without knowing, in background or through a... citeste mai mult
Diesel car sales dropped over 13% in the first nine months of 2008
Keeping up the price for diesel above the one of the gasoline directed that the sales of cars on diesel to fall dramatically in the first nine months of the current year. If at the end of last year, the weight of the diesel automobiles represented almost half of the total sales, after the first nine months it has dropped under 40 percentage. The main cause is represented by the fact that the price for diesel is bigger than the one for gasoline, and the initial investment in a diesel... citeste mai mult
The salaries of professors go back to the Parliament
The leaders of the parties from the Opposition promise that they’ll do everything they can for that the professors to receive their wages increased with 50%, even retroactive, starting with October 1. There are taken into account two options: adopting of a motion, respective rejecting in the Parliament of the Emergency Ordinance through which the Executive has put off till April 1 the salary rise. The Prime Minister Tariceanu says however that both approaches are useless, because he... citeste mai mult
Rapid's shareholders:each on his own
The dispute between George Copos and Fathi Taher on a contract signed in March could have an unexpected end – the turn up of a different choice as owner of the club.Today is the last day in which Fathi Taher, businessman of Jordanian origin, can take over the package of 80% stocks of the football club Rapid Bucuresti. The last days were marked by a big incertitude related to the financial future of the club. Taher and George Copos, the current majority shareholder have thrown the blame... citeste mai mult
