Archive » April 2009 » 23 April 2009 The english news from 23 April 2009
Romania's economy could drop 5% in Q2 and register negative growth next year too
Romania's economy melted down 3-4 percent in the first three months this year over the similar period last year and will continue to shrink by 5 percent in the second quarter and throughout the next year, people from the government told NewsIn. The economy could see a slight recovery starting with the third quarter this year and could lower 2 percent in the last quarter, they said…
Non-collateral loans are public enemy no. 1 of banks
Individual arrears exceeding 30 days registered an 18 percent increase in February, to €308 million, and bankers who had a lenient loan policy and those who chased after market share are now carefully watching the non-collateral loans granted to individuals. Non-collateral loans make up about half of total consumer loans, worth €17.75 billion…
IMF Sees Romanian GDP Growth At -4.1% In '09, 0% In '10
The International Monetary Fund official forecasts on Romania see the gross domestic product contracting by 4.1% in 2009, the current account deficit narrowing at 7.5% of the GDP and the inflation at 5.9% at the end of the year, according to the fund's latest World Economic Outlook…
Foreign investors, still interested in investing in Romania
Foreign investors continue to show interest in the Romanian market, in spite of the international financial crisis, except for the automotive industry, more prudent as to starting new investments, according to those declared yesterday by Sorin Vasilescu, director of Romanian Agency for Foreign Investments (ARIS), Agerpres informs…