International Labour Organisation: Unemployment hit global record level in 2009
January 28, 2010
The number of people left unemployed worldwide due to the financial crisis exploded in 2009, reaching 6.6% at a global scale, namely 212 million people, according to an International Labour Organisation report. The institution warns that the recovery of the economy does not mean a drop in the number of the jobless.
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UTI gets 68 million euros from Raiffeisen to expand its business
January 28, 2010
The UTI group, whose business includes construction, security and IT operations, and is held by businessman Tiberiu Urdareanu and US-based fund AIG, took out a 68 million-euro loan from Austria's Raiffeisen Bank to finance ongoing contracts, investments and working capital.
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Vienna Insurance business stagnates at 615m euros
January 28, 2010
The three insurance companies held in Romania by Austria's Vienna Insurance Group (VIG) posted 614.8 million euros (2.6 billion RON) in gross underwritten premiums last year, similar to the 2008 level, according to data provided by the officials of the Vienna-based group.
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EIU Says It Is Unclear Whether Hostile Relations With Russia Are In Romania’s Interests
January 28, 2010
Russia is particularly annoyed by Romanian President Traian Basescu’s “irredentist attitude” to the Republic of Moldova, the Economist Intelligence Unit (EIU) said in a report, adding it is unclear whether Romania’s interests are best served by having a hostile relationship with Russia.
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Romania’s PM Confirms IMF Agrees To EUR1B Hike Of Public Guarantee Cap In 2010
January 28, 2010
Romania’s Prime Minister Emil Boc confirmed Wednesday that the ceiling on general government guarantees will be increased by EUR1 billion in 2010, the additional funds ensuring the necessary resources to co-finance European projects for local administrations and companies.
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