Archive » August 2008 » 20 August 2008 The english news from 20 August 2008
Deutsche Bank acquires 6.5% of Flamingo International
Lender Deutsche Bank and the investment funds it controls have acquired some 6.5 percent of household appliance and IT product retailer Flamingo International, the third-largest on the local market…
real,-Hypermarket imports foreign specialists
The lack of personnel specialized in bakery, pastry and fresh product processing is prompting companies operating on the retail market to recruit employees from abroad. The trend is increasingly visible as retail chains are expanding…
American cars preferred in leasing, compared to Italian and Asian cars
Some 80 percent of expensive American cars are leased by Romanians, while leasing is preferred by only 20 percent of buyers of Italian cars, according to data from the Association of Automotive Manufacturers and Importers (APIA)…
Romania's Economy Ministry gives up credits from EBRD and World Bank, but keeps EIB
Romania's Economy and Finance Ministry (MEF) will renounce the credits contracted from the European Bank for Reconstruction and Development (EBRD) and from the World Bank, a strategy document of the ministry reads…
Romania's Finance Ministry estimates 750m lei losses from state guarantees and subloans by 2010
Romania's Economy and Finance Ministry (MEF) estimated an average annual loss of 251.5 million lei for the period 2008 - 2010, caused by payments made from the contingency fund to the beneficiaries of state guarantees and subloans, a ministry report reads…
Romania's Ctrl Bk OKs New Credit Risk Limit Regulation
Romania's central bank board approved on Wednesday the new regulation regarding the credit risk limitation for household lending. The new regulation will be published in the Official Gazette at the end of the week or the beginning of the next, sources said…