Archive » December 2008 » 16 December 2008 The english news from 16 December 2008
Uniqa to establish a life insurance company
The Uniqa group will establish a company which will operate strictly on the life insurance segment, and has already filed documents for preauthorization with the Insurance Supervisory Commission (CSA), sources within the Austrian group told Business Standard…
Vladescu: Romania needs 20 billion euros from IMF or EU
The drastic decline in foreign financing along with the slowdown of the economy that is already affecting the revenues of the state budget are bringing up the issue of Romania's signing of an agreement of financial support with either the IMF, the European Commission or the European Central Bank, in order to at least improve the sovereign risk perception…
Real estate transactions in Romania go down 20.8% y/y in October, following the financial turmoil
The number of real estate transactions in Romania dropped 20.8 percent in October versus the same month in the previous year, following the economic crisis, according to data from the country's statistics body (INS)…
Romania, One Of The Most Vulnerable Countries To Econ Crisis
Moody's included Romania among the countries most vulnerable to the effects of the current economic crisis, which are more likely to face pressures on the ratings, the ratings agency said in a report Monday. "Moody's Global Sovereign Group identified a list of 'High Vigilance Countries,' i.e. countries that appear vulnerable to the current crisis and are more likely to face rating pressures"…