Archive » February 2010 » 23 February 2010 The english news from 23 February 2010
Governmental loan drains 29 bln lei from banking market in 2009
2009 was the year of the governmental credit on the banking market, the loan balance climbing 2.5-fold in 12 months, up to 46.8 billion lei (11 billion euros), whereas the total volume of population and corporate loans stagnated at some 200 billion lei (47 billion euros) Romania National Bank (BNR) data reveal…
Banks bring 500 mln euros to Romania, in 2009
Commercial banks brought in 2009, to Romania, 500 million euros under the form of capital and subordinated loans, announced on last Tuesday, in a financial conference, Petre Bunescu, BRD deputy general manager and prime vice-president of the Romanian Banks Association (ARB)…
Bulgaria: the bridge over Danube Calafat Vidin might be ready next year
The construction of the second bridge over the Danube river might be finished in June 2011 and this could be open by the end of the same year, Bulgarian Transports minister Alexander Tsvetkov announced, according to Novinite. The project was delayed by the former government, he said…
Perception regarding the evolution of the Romanian economy got worse
The perception of financial experts regarding the evolution of Romanian economy for the next six months got worse in February, but this is second in Central and Eastern Europe (ECE) as regards the attractiveness for foreign investment, according to a survey of ZEW institute…
John Lipsky : the Romanian banking system must be vigilent to a possible contagion
"The Romanian financial system must be vigilent to the threats in the system and to the possible effects of a contagion" John Lipsky, the first-deputy of the general manager of IMF said on Saturday. According to information on the IMF site,John Lipsky chaired the meeting of the board which approved the money for Romania, worth 2.45 billion euro…
IMF Completes Second and Third Review Under Stand-By Arrangement with Romania and Approves US$3.32 Billion Disbursement
The Executive Board of the International Monetary Fund (IMF) completed the second and third reviews of Romania's economic performance under a program supported by a 24-month Stand-By Arrangement (SBA), the organisation said in his press release…