Archive » February 2008 » 08 February 2008 The english news from 08 February 2008
Inflation prognosis-Romania's central bank ups to 5.9% the yearly inflation forecast
The Central Bank of Romania (BNR) estimates annual inflation will exceed 8 percent in the first half of the year and it should lower afterwards to 5.9 percent in December, BNR governor Mugur Isarescu said.…
Romania's seven optional pension funds see 4.75% higher net assets in late January
The net assets belonging to the seven optional pension funds operating in Romania grew by 4.75 percent in late January, according to the data released by the Private Pension System Supervision Commission (CSSPP), Romania's pension system watchdog.…
Head of Romania's central bank warns of expensive loans, asks for less credits in exotic currencies
The increase of interest rates for credits is likely to result from the measures took by the Central Bank of Romania (BNR), governor Mugur Isarescu warned and required more prudence in lending exotic currencies such as the Swiss franc as the risk of not seeing the money back from clients is higher.…
Romania's central bank sets 8% yearly reference rate for February
The reference rate grew from 7.50 percent to 8 percent per year in February, a release by the Central Bank of Romania (BNR) reads.…
Romanian meat processors deem cutting VAT for foodstuff would diminish prices and hike sales
A 14 percent cut in the VAT would trigger a boost in sales and therefore in profitability leading to a slump in prices for foodstuff, president of the Romanian Meat Association, Sorin Minea said.…
Romania, Greece to cooperate in the energy field, sign five-year contract
Romania and Greece clinched a five-year cooperation agreement in the energy field as the two countries will connect their power networks following talks between Romanian Prime Minister Calin Popescu Tariceanu and his Greek counterpart, Kostas Karamanlis.…
EBRD is interested in buying Romania's Savings Bank, expects start of the privatization process
The European Bank for Reconstruction and Development (EBRD) voiced interest in the privatization of the Romanian Savings Bank (CEC), the country's oldest state-owned lender and is now waiting for the prime minister and finance minister to make a decision in this respect, bank official said.…
Bucharest has the least number of people out of work, unemployment rate remains at 1.8% in January
The unemployment rate in Bucharest idled at 1.8 percent in January, being the lowest in the country, according to the National Agency for Labor Force Occupancy (ANOFM).…
Police question second trader in Societe Generale fraud
PARIS - French police were holding a second person for questioning Friday in a probe of massive losses at bank Societe Generale, a judicial official said…