Archive » January 2009 » 09 January 2009 The english news from 09 January 2009
Romanian Leu Could Lose Another 5% Vs Euro, After Dropping 11% In 2008 - Erste
The Romanian leu could lose another 5% versus the euro, given the "huge" current account deficit, after dropping by 11% against the European currency since the beginning of 2008, Erste Group researchers said in a report.…
Will BNR allow the leu to tumble to an all-time low?
The national currency is just one step from the lowest value it registered against the euro five years ago, while debtor losses persist. Financial analysts estimate that the leu will exceed the RON 4.2 /E1 level in the first quarter, and the National Bank of Romania (BNR) is expected to intervene only to avoid a sharp depreciation of the national currency.…
Videanu becomes the most important business player
Adriean Videanu, the Romanian economy minister, has become the most important business player "overnight", after the Boc-led government decided the transfer from the State Assets Resolution Agency (AVAS) of the state's stakes in over 40 companies, stakes that had been given to this institution back in 2006, to the Economy Ministry.…
Romania steps into 2009 with a budget gap wandering away to 5% of the GDP, president says
Romania began the year with a budget deficit above 5 percent of the gross domestic product (GDP) which pushes the economy in a dark corner, while the budget is not a sack without end, President Traian Basescu said yesterday.…