Archive » August 2009 » 04 August 2009 The english news from 04 August 2009
BNR might lower key interest rate to 8.5 pc
The Central Bank (BNR) might lower the key interest to 8.5 pc in its money policy meeting today, against the background of a strong economic contraction, a disinflation trend and the stability of the national currency (leu) registered of late, consider the economic analysts, who also forecast the maintaining of minimal reserves, HotNews reports…
BRD profit lower year-on-year, but above estimates
BRD-Groupe Societe Generale, the second largest lender locally, posted financial results for the first half of 2009 significantly above analysts' expectations. The lender earned more than €90 million from forex operations, state bonds and derivate product transactions, double year-on-year…
EC, Ukraine Agreement On Gas Sector Reform, Also Beneficial To Romania
The agreement signed between European Commission and Ukraine on the reform of the Ukrainian gas sector can also be beneficial to Romanian consumers, as Ukraine is a key element of Europe's energy safety, Monday said Vasile Puscas, head of Romania's European Affairs Department…
Petrom discovers gas and oil in Russia
Romania's largest company and the leader of the local oil market, Petrom, part of the Austrian OMV group, announced yesterday that it discovered gas and oil at the Lugovaya-1 exploration rig, located in the Saratov region in Russia, and the production registered in the first three exploitation layers amounts to some 6,500 barrels of oil equivalent per day…