September 18 (SeeNews) - Following are some of the main stories in the online versions of Romanian media on Friday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
MEDIAFAX
- Romania's opposition parties, the National Liberal Party, PNL, and the Democratic Union of the Hungarians in Romania, UDMR, filed on Thursday a no-confidence motion against the government aiming to block the adoption of IMF-agreed laws, member of the parliament from PNL Eugen Nicolaescu said.
- Risk management company Coface will open a back-office service unit for the Central and Eastern Europe region in Romania by the end of 2010, following a 2.5 million euro investment.
ZIARUL FINANCIAR
- Romanian closed-end investment fund OTP Wise will start trading on the Bucharest Stock Exchange by the end of September, fund's manager Dan Popovici said.
- Romanian President Traian Basescu said that Romania will face difficulties in paying salaries and pensions if it does not receive the second tranche under the stand by deal with the IMF.
- Austrian company Kelag intends to build a biomass power plant in Romania's northeastern county of Suceava, the daily said quoting local news agency Mediafax.
- Sales of furniture retailer IKEA Romania fell by 6.0% in the March-August period, affected by fluctuations of the leu currency's exchange rate, company’s retail manager Cornel Oprisan said.
- Investment fund BT Index, managed by BT Asset Management, was the sole fund on the Bucharest Stock Exchange that brought larger profits to its investors than the bourse's blue-chip BET index, BT Asset Management director general Radu Hanga said. BT Index yielded 127.4% during the March-Aug 2007 bourse rally compared to a 121.9% increase in the BET index. Between August 2007 and February 2009 the fund lost 75.7% of its value compared to a 81.5% drop in the BET index.
- BUSINESS STANDARD
- The inflow of foreign direct investments to Romania will remain at up to 5.0 billion euro next year, similar to the value estimated for the current year, head of foreign investors council Doina Ciomag said.
- Romania's central bank, BNR, has spent an estimated 4.5 billion euro from September last year to support the leu's exchange rate, ING Bank Romania said. It added that BNR has enough money to support the leu in the next several years if needed.
($=0.6814 euro)