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World News |
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International |
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| Fifteen European Tourists Kidnapped in Ethiopia |
Fifteen European tourists were kidnapped in the remote desert of northern Ethiopia, one of the hottest and most inhospitable areas in the world, a diplomat and people in the area said. The French Foreign Ministry confirmed Friday that Western tourists have been kidnapped in Ethiopia, but declined to say how many or indicate their nationalities.
French Foreign Minister Philippe Douste-Blazy said at a press briefing in Paris that officials believe French citizens were among those seized in Ethiopia.
The tourists were in four-vehicle convoy in Dalol, 500 miles northeast of Addis Ababa, traveling to salt mines in the Afar region, when they were kidnapped Thursday, a businessman and a tour operator who work in the area said. The British citizens were believed to be in the convoy as well, the businessman said.
Both spoke on condition of anonymity because of the issue |
| Source: www.foxnews.com |
| Clinton and Obama woo black vote |
Democratic rivals Hillary Clinton and Barack Obama have crossed presidential campaign paths for the first time in Selma, Alabama.
The top contenders for the Democratic nomination were speaking at a day-long series of events to mark a 1965 civil rights march in the southern US state.
Their attendance is being seen as an attempt to attract crucial black votes.
Polls show Mr Obama has been gaining ground among black voters over Mrs Clinton who is still the front-runner.
Forty-two years ago, the small town of Selma, Alabama, was the scene of a black civil rights march attacked by state troopers and police on what became known as Bloody Sunday. |
| Source: www.bbc.co.uk |
| Arab Nations to Resume Push for Land-for-Peace Deal With Israel |
Arabs will relaunch a 2002 land-for-peace offer to end the decades long conflict with Israel at a summit in Saudi Arabia later this month but without the changes Israel has been pushing, Arab League Secretary-General Amr Moussa said Sunday.
Moussa |
| Source: www.foxnews.com |
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Local - Romania |
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| EP elections deepen political divergences |
Another troubled political weekend: Opposition requested deferral of EP elections, and the President asked the PM to stick with May 13 deadline. On the other hand, Premier Tariceanu threatens to postpone the elections.
emocratic Party (PD) president Emil Boc yesterday asked PM Calin Popescu Tariceanu, rather imperatively, to keep the May 13 date in place for the organisation of elections for the European Parliament, hinting that otherwise he would play into the hands of the main Opposition party, PSD. |
| Source: www.nineoclock.ro |
| Commission probing President under attack |
In an unexpected move, PD minister Vasile Blaga asks President to postpone the referendum for uninominal vote to clear the way for EU elections.
PD, a staunch ally of President Basescu so far, announced that they are planning to file a complaint with the Constitutional Court on the legitimacy of the Parliament’s decision to form an investigation commission. The body is supposed to put forward its conclusions on March 21 |
| Source: www.nineoclock.ro |
| Marko Bela played the autonomy card and he won... again |
The Union’s leader reminds Head of the State that UDMR helped building the ruling coalition against support for the minorities’ rights.
On Saturday, UDMR Congress voted the amendments to the Union Statute, the programme and a new President mandate for Marko Bela (photo), who was the only candidate. The UDMR leader warned that there would be strains if the political class from Romania failed to accept the core desiderates of the Union: territorial and cultural autonomy. |
| Source: www.nineoclock.ro |
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Business |
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International - Economy |
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| Asia sees market slide continue |
Asian stocks have fallen heavily on Monday with investors preparing themselves for another uncertain week on the global stock markets.
Japan |
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| Nigeria to end bulk of $500m debt |
Nigeria has agreed a deal for US investment bank Merrill Lynch to take on most of its $500m (£257m) debt.
The money is owed to the London Club, a group of creditor nations.
Nigeria |
| Source: www.bbc.co.uk |
| VAT rise hits German retail sales |
German retail sales slumped in January, as a sales tax rise introduced at the beginning of the year started to bite.
Sales fell by a larger-than-expected 5.1% from the previous month, the biggest fall in almost eight years, the Federal Statistics Office reported.
Germany raised value-added tax on purchases to 19% on 1 January, in an attempt to lift federal finances.
Experts have warned that the VAT rise will crimp spending in the first three months of the year. |
| Source: www.bbc.co.uk |
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Local - Romanian Economy |
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| Stock market tsunami causes 1 billion-euro losses in Bucharest |
The shockwave generated by the 10% drop of the Chinese capital market in one day, caused over one billion euros from the accounts of the shareholders of the companies listed on the Bucharest Stock Exchange to evaporate last week.
BSE |
| Source: www.zf.ro |
| Individual customers free to negotiate higher credits with their bankers |
| The individuals with above average income will be able to negotiate with the banks the possibility to obtain higher credits than the current ones, given that the restrictions regarding the down payment and the maximum share of the monthly instalment in the total income, imposed by NBR, will be dropped. The central bank started to retreat from the process of imposing crediting regulations for individuals, giving the banks |
| Source: www.zf.ro |
| BNR: People may receive loans in the absence of a down payment |
The people who intend to take loans from banks will not have to pay the 25 per cent advance payment, from the amount borrowed, in case of mortgaging loans, and 30 per cent in case of consumer loans, according to a norm set by the National Bank of Romania (BNR). The decision was made on Friday, within BNR Administration Board, Mediafax reports.
At the end of last year, the central bank published a draft regulation addressing loans for individuals, where it eliminates certain restrictions.
Prudential norms addressing risk exposure in case of individuals, asked by the central bank two years ago, have been regarded by several analysts as being inefficient, particularly that in case of consumer loans, banks have found option to avoid restrictions. |
| Source: www.nineoclock.ro |
| EU warns on possible difficulties related to budgetary deficit |
| Romania needs to take advantage of the current fast economic growth period in order to accelerate the budgetary deficit cutting process, according to a draft of a document to be worked out by the European Commission (EC), according to Reuters, cited by Mediafax. This future requirement of the European Executive would be based on the fact that likelihood was pointed out for Romania to exceed, on medium term, the threshold of 3 per cent from Gross Domestic Product (GDP), asked by the European Union for joining the eurozone. “The budgetary situation does not secure sufficient guarantees that the budgetary deficit would not exceed 3 per cent of GDP (...) Romania is invited to take advantage of the favourable economic context in order to significantly accelerate the cutting process, establishing more ambitious targets in 2007 and over the next years in the budgetary field”, according to the European Commission draft. |
| Source: www.nineoclock.ro |
| Otter Distribution introduces Fila on Romanian market |
Otter Distribution, the company that distributes the Otter shoes as well as the Geox brand introduced the Italian sportswear brand Fila on the domestic market this year.
"We currently have three clients on the distribution segment: Metro, Selgros and Killtec, but we are just starting to create the network. We are the sole importer of this brand (Fila i.e) and we created a separate department within the company especially for this process," says Oana Alexandru, the company |
| Source: www.zf.ro |
| Drugstore expansion generates skills shortage |
he domestic pharmaceutical market generated the biggest transactions in the industry last year, yet the battle was not fought only by lawyers and strategists.
Last year was also the year when the shortage of human resources in the sector became serious.
As both producers and pharmacists and distributors tried to strengthen their teams ahead of EU integration, the highly skilled workforce rapidly caught the attention of companies in the pharmaceutical sector.
However, this year, too, started with a human resources shortage in the sector.
The current labour market backdrop, where employees have the possibility of working in a much larger geographical area, is forcing companies and HR departments to continuously improve their methods related to the retaining and attracting candidates," said Brandusa Fecioru, HR Director of A&D Pharma. The pharmaceutical industry was one of the most dynamic employers last year.
Salaries in the industry also increased, according to the latest information available, with the employees in pharmaceutical sector being the best paid, with an average income of 828 euros, according to a PricewaterhouseCoopers survey.
Companies are embarking on further recruitment programmes this year, too. |
| Source: www.zf.ro |
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Human Resources |
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Synergy Recruiters and Jobseekers further benefits |
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| Source: www.synergybusiness.org |
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