Archive » December 2008 » 02 December 2008 The english news from 02 December 2008
RAEF files application for banking licence
Next spring, a new lender with Romanian private capital could enter the banking market, if the shareholders manage to get a licence from the National Bank. The Supervision Department has received a number of licence applications for banks, including banks with very good Romanian capital…
Romania's central lender grants credits worth lei 49bn to banks in October
Banks in Romania borrowed a total 49 billion lei (13 billion euros) in October from the country's central lender (BNR) by means of its lombard credit, a sum 28 times higher compared to the amount taken between January and September 2008, according to BNR data…
Euroasig to file for bankruptcy
The Euroasig insurance and reinsurance company will be filing for bankruptcy shortly, according to a declaration for Business Standard by sources on the insurance market. Euroasig is not the local insurer to go bankrupt. Grup AS and Metropol were the most visible bankruptcy cases, both subject to problems on the green card…
Fin Min: Romania Needs To Cut Curr Acct Def For Higher Ratings
Romania needs prudent revenue, monetary and fiscal policies to permit a gradual and predictable cut of the current account deficit to a level that can be sustained by direct capital investments, in order to regain rating agencies' confidence, according to a Finance Ministry document…