Archive » April 2009 » 10 April 2009 The english news from 10 April 2009
Romania '09 Easter Food Sales Seen Similar With '08 Sales or Lower
Romania's Easter food sales will be higher than sales in a regular month, but the growth rate will be similar to that in 2008 or lower, following a decrease in consumption due to the economic crisis, according to Romanian owners' associations in the food industry, who added prices will not go up…
Homes built in 2009 could be 60% cheaper
The sale price of housing units included in residential projects whose construction will begin in 2009 could plunge 60 percent, to some €1,000 per square meter, considering that development costs plummeted by an annual 70 percent, due to the depreciation of land and construction costs, according to an analysis carried out by the CB Richard Ellis-Eurisko real estate consultancy company…
Romanian gov't gets IMF agreement in principle for loan
The Government has got the agreement in principle from the International Monetary Fund (IMF) for the foreign loan, Prime Minister Emil Boc announced on Thursday. 'We got an informal answer that the agreement is ok, but they need the text of the Emergency Ordinance on the budget revision', the prime minister explained…
Romania's financial sector jumps 15% on the BSE following SIF Oltenia exit from Automobile Craiova
Sale of the participation owned by financial company SIF Oltenia (SIF5) in car maker Automobile Craiova sent the financial sector surging 14.77 percent on the Bucharest Stock Exchange (BSE), close to the maximum variation limit, and brokers suspect the entrance of some major players…