Archive » August 2010 » 09 August 2010 The english news from 09 August 2010
Three pieces of bad news from the National Bank of Romania
The Government should have clear results in the field of budgetary restructuring before talking about salary raises in 2011. The warning comes from National Bank of Romania Governor Mugur Isarescu, who believes that any announcements regarding a proposed salary raise in the budgetary sector next year is premature.…
Emil Boc: It will not be easy for this country
Premier Emil Boc told a news conference in Iasi (eastern Romania) on Saturday that currently the Government was at the most difficult stage of the process meant to reform and restructure the state. "There will come and there are now procedures of restructuring, of dismissing employees paid form the budget, in other words, it is not easy for this country and it will have painful…
Abusive bank commissions are being taken to court again. 100 lawsuits are being prepared
After it lost to a group of 19 clients three months ago, Volksbank is getting ready for a lawsuit filed against it by 100 other debtors. Abusive commissions and clauses regarding interest rate variation are being attacked. Disgruntled by the fact that they are still being charged a risk commission although it has been declared illegal by the National Authority for Consumer Protection (ANPC) over 100 …
Fitch: Stable perspective for Romania's long-term debt
Credit rating agency Fitch Ratings has confirmed Romania's long-term hard and home currency ratings of "BB+" and "BBB-" respectively, with stable perspective, as it considers the state will succeed in finding a way to return to an export-based economy. The country ceiling and hard currency short-term ratings stand put at "BBB" and "B" respectively, according to Fitch release, Mediafax reports…
Industrial output increases 5.6 percent in first six months
The industrial output increased as a gross series by 5.6 percent in the first six months of 2010, as compared with the same time span of 2009, and as a seasonally adjusted series depending on the number of working days by 4.4 percent, according to a release issued by the National Institute of Statistics. The industrial output grew in June 2010 as against May 2010 both as a gross series and as a seasonally…