CFR Marfa To Lay Off 2,500 People By End-July
Romanian railway freight carrier CFR Marfa started layoffs this week and 2,500 people will be leaving the company by the end of July, commercial manager Ion Soare said Tuesday.
The 2,500 employees have started getting their layoff notices and will be leaving the company by the end of the month, Soiare said at the MEDIAFAX talks About Transport&Logistics conference. He added the company’s contracts will not be affected by the staff cuts. (Curierul National)
EU Banks Might Sell EUR100B Unwanted Loan Portfolios
EU banks might sell unwanted loan portfolios worth up to EUR100 billion this year as they reshape their businesses in the face of regulatory pressure, according to Financial Times.
Some EUR83 billion of asset sales have been completed or are in the process halfway through the year, compared with EUR64billion for the entire 2013, according to figures gathered by PwC. (Puterea)
AOAR: Government Should Take Steps To Keep Factories, Even By Temporary Nationalization
The Economy Ministry and the government should set up measures to maintain the industrial plants in Romania, even by temporary nationalization of certain important companies (in the steel, medical drugs, cement, utilities sectors), the Romanian Businessmen Association, or AOAR, said Tuesday.
AOAR added that the government should take note of such actions of most of the EU countries, such as Poland, Slovenia, France and Germany.
The businessmen’s’ statements came in the context of recent announcements on the sale of Lafarge’s assets in Romania and the closing of Europharm pharmaceutical plant. (Adevarul)
Vasile Blaga: PDL In Talks With Civic Force
The president of the Democratic Liberal Party (PDL), Vasile Blaga, told Realitatea TV that the party is in talks with the Civic Force and Mihai Razvan Ungureanu, and also offered details on the merger between PDL and the National Liberal Party (PNL).
PDL president said that the fusion of the two parties will take place on July 26, while the candidate for President will be announced on August 3 or 4.
Blaga stated that PDL will continue to support Catalin Predoiu until the two parties find out the results of the opinion polls regarding the most suitable candidate. (Evenimentul Zilei)
Adrian Papahagi Resigns From PMP
Adrian Papahagi has resigned from People’s Movement Party (PMP), claiming that PMP President Elena Udrea is “a dangerous product of the new generation of politicians.”
“I am sorry for every moment, every effort, every naivety buried in the PMP project, confiscated by Elena Udrea. I consider Elena Udrea is a dangerous product of the new generation of politicians; I don’t see any moral, political or media difference between her and Victor Ponta. I profoundly regret the failure of PMP’s initial project (…),” Papahagi posted on his Facebook account. (Gandul)