Archive » February 2009 » 18 February 2009 The english news from 18 February 2009
Banks and SIFs drive the Stock Exchange down by 5%
The Bucharest Stock Exchange yesterday had one of its worst sessions since the beginning of the year, with a 5% fall of the BET index. Hardest hit, however, was the financial-banking sector of this market, though. The financial investment companies' index, BET-FI, witnessed corrections by as much as 8%…
Romanian carmaker Automobile Craiova lifts last year's net profit by 28% y/y, on cut in spendings
Net profit of Romanian carmaker Automobile Craiova (AUCS) hiked 28 percent last year versus the previous to 1.86 million lei, on lower expenses, according to results sent to the local bourse. The carmaker had a net profit of 1.46 million lei in 2007…
Bankers on the crisis and market rebound measures
Local bankers say that lowering the cash reserve ratio (CRR) could be a solution to increase liquidity in the system. Furthermore, they agree that Romania needs a financing agreement with an international institution, either the International Monetary Fund (IMF) or the European Commission (EC)…
Romania Is A Net Beneficiary Of The EU Budget
Romania is a net beneficiary of the EU budget, Cristina Arigho, EC spokesperson for financial programming and budget, said Tuesday in a press conference. Asked to comment on Romanian Prime Minister Emil Boc's statement that Romania is a net contributor to the EU budget, Arigho said data for 2007 and data available for 2008 indicate that Romania is in fact a "net beneficiary"…