Archive » February 2009 » 25 February 2009 The english news from 25 February 2009
Standard & Poor's estimates Romania's economy could advance 0.8% in 2009
The most recent report of rating agency Standard & Poor's (S & P) places Romania again next to the Baltic states, Bulgaria and Hungary in a group of highly vulnerable states, and anticipates it will witness an economic advance of 0.8 percent in 2009, after a hike of 7.3 percent in the previous year…
Volksbank Romania's strategy: overdrafts and lei
Volksbank Romania, the third-largest lender in the local system in terms of assets, with 95 percent exposure on real estate, has granted no mortgages in this year's first two months, as the player turned from its aggressive mortgage strategy to overdraft and from foreign currency to lei-denominated loans…
Romanian Plane Mkr Avioane Craiova Asks For RON14M Bailout
Romanian airplane maker Avioane Craiova (AVIO.RO) requested the country's privatization authority AVAS a bailout of 14 million lei (EUR1-RON4.2810) to avoid bankruptcy, trade union leader Victor Peta said Tuesday. Peta said he held talks on Tuesday with Economy Minister Adriean Videanu and the Minister of Transportation Radu Berceanu on the company's situation, and that he requested their support to salvage the plant…
RZB: Reports regarding region risk are pure nonsense
Raiffeisen group's CEE subsidiaries will receive additional capital should they need it, states Walter Rothensteiner, CEO with Raiffeisen Zentralbank, which indirectly controls Raiffeisen Bank Romania. "At any rate, we're speaking of sums that will not cause us major difficulties," stated the RZB head quoted by Austria's Profil weekly…