Seenews: news report of 25.10.2008

Countries:

* Bulgaria *

ANALYSIS - Relaxed Reserves Requirements To Boost Confidence Among Bulgarian Banks, No Lowering Action Needed Oct 24, 2008, 20:59 CET | Analysis | SeeNews SOFIA (Bulgaria), October 24 (SeeNews) - The recent relaxation of minimum reserves requirements by the Bulgarian central bank will boost confidence among local banks and no lowering action is needed at the moment because the country’s banking system is sound, financial analysts say. link

* Romania *

ANALYST COMMENTS - Teachers’ Wage Hike Likely To Put Pressure on Romania’s ’09 Budget Deficit Target Oct 24, 2008, 19:49 CET | Analysis | SeeNews BUCHAREST (Romania), October 24 (SeeNews) - Romania’s President Traian Basescu on Friday endorsed a highly controversial law adopted earlier by parliament, stipulating a 50% hike in teachers’ wages in the country. link

Romanian Car Maker Dacia To Suspend Production for Four Days in Response to Low Market Demand Oct 24, 2008, 19:47 CET | Story | SeeNews BUCHAREST (Romania), October 24 (SeeNews) - Romanian car manufacturer Dacia, a unit of France’s Renault, will halt vehicle production for two days in October and two days in November, reacting to lower market demand, a company official said on Friday. link

* Serbia *

Serbia’s Pension Funds, Insurers Seek More Room for Doing Business Oct 24, 2008, 20:17 CET | Story | SeeNews BELGRADE (Serbia), October 24 (SeeNews) – Representatives of Serbia’s voluntary pension funds and insurers said on Friday they will ask the government to prepare amendments to the country’s legislation relaxing the restrictions on their business. link

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