Archive » January 2009 » 05 January 2009 The english news from 05 January 2009
Romania's Finance Ministry collects 567m lei at record average yield of 14.24%
Romania's Public Finance Ministry (MFP) got today 566.89 million lei after selling one-month treasury certificates at a yearly average yield of 14.24 percent, collecting more than half of the initially announced value…
Most small real estate brokers could go bankrupt
Up to 80 percent of the 10,000 real estate agencies active before the financial crisis could go out of business in 2009, as they do not have the financial resources needed to survive, considering that real estate deals are virtually non-existent…
Big questions for a tough year ahead
The year 2009 looks set to be a year of questions. Most of these questions concern the most dynamic markets thus far: real estate, automotive and lending. Will Romania succeed in posting economic growth and how high will it be? How much will the grey economy be able to compensate for the decline of operations in the major companies and in the small and medium-sized enterprises?…
Romanian Leu Indicative Rate At RON4.0296 Vs Euro, Lowest In 4 Years
The Romanian leu depreciated against the euro on Monday in the first trade of 2009 and the central bank computed an indicative of RON4.0296 to the euro, its weakest level in four years. A lower indicative was computed by the central bank on November 11, 2004, at RON4.0367 to the euro…