Archive » April 2009 » 13 April 2009 The english news from 13 April 2009
Lending to companies to resume no earlier than year-end, Raiffeisen official deems
The first positive signals of a revival in lending to companies will be seen no earlier than the end of the year, declared for NewsIn Marinel Burduja, first vice president of Raiffeisen Bank Romania, responsible for the lender's corporate division. However, there are some necessary premises in the economy, like cheaper credit and adequate monetary policies…
The government slashes €1 bln from ministry budgets
The government cut almost €1 billion from the Agriculture, Defense, Internal Affairs, and Education budgets, while the Ministry of Labor is the only one to receive additional funds, according to the first 2009 budget corrections, approved at the end of last week…
SIF Oltenia sells its Automobile Craiova shares for EUR 18 M
The Oltenia Financial Investments Company (SIF5) sold to Ford yesterday the 22.85 per cent participation that it had within Automobile Craiova (AUCS), for EUR 18 M (RON 75.25 M). The 4.329 million shares were sold through two special transactions on Rasdaq's DEAL market at a price close to the one at which the state sold the majority package to the American car manufacturing company…
Romania 1Q Big Property Deals Dn 58% YY To EUR50M - C&W
Romanian big realty transactions dropped 58% to EUR50 million in the first quarter, the only property deal being the acquisition of Fabian Romania investment fund, Cushman&Wakefield consultancy firm said Sunday. Big property transactions in the first quarter of 2008 stood at EUR119 million, down 68% from the corresponding period of 2007…
Romania Ex-Environ Min Wants New Law To Regulate Danube Delta Bio Reserve
Romanian former environment minister, democrat liberal Deputy Sulfina Barbu, has presented a proposal to amend the law on Danube Delta's Biosphere reservation, aiming to increase fines and clarify the reservation patrimony's situation. "Environment standards are not observed, local people are disfavored and the soft sanctions call for law infringement. All these are corrected under the new draft law," Barbu said in a statement Monday…