Archive » August 2008 » 27 August 2008 The english news from 27 August 2008

  • Romanian lending slows in July

    The rhythm with which Romanians borrowed from banks in July dropped drastically to 0.3 percent, the lowest rate month-on-month for the past 18 months. The value of foreign currency denominated loans contracted was 1.5 percent lower than in June, although foreign currency loans are still twice as high as lei-denominated loans annually, according to data made available by the National Bank of Romania (BNR). Similarly, bank deposits registered the highest drop in the past eight months…

  • Banks focus on graduate recruitment

    Companies in the financial-banking segment, where the personnel deficit is high, are recruiting graduates and training them for management jobs. This year, ING Bank Romania finalized its selection of the six graduates who will benefit from a one-year training program in all departments. The bank initiated the program in 1997, with over 50 graduates advancing to top and middle management jobs since then. ING invested 20,000 in the program this year…

  • Insurer AIG Life Asigurari raises business 51% in H1 to 140m lei helped by gross profit, sales

    Romanian insurance company AIG Life Asigurari said its first semester business grew 51 percent over the similar period last year underpinned by double gross profit stemming from sales increase…

  • Financial company SIF Banat-Crisana underwrites to the share capital hike in Calipso Oradea

    One of the five financial companies in Romania known as SIF, SIF Banat-Crisana or SIF1, chipped 36.5 million lei to the share capital increase in food producer and distributor Calipso Oradea…

  • Higher cement and steel prices to bankrupt construction companies

    Salary rises and significantly higher construction material prices are likely to lead to deadlocks on the local construction market and even bankrupt some construction companies, according to representatives of the Construction Company Employers Union (PSC)…

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