Archive » January 2009 » 12 January 2009 The english news from 12 January 2009
IMF comes to Bucharest to discuss potential arrangement
An IMF mission is due to arrive in Bucharest in two weeks' time, to evaluate the macroeconomic situation of Romania and launch talks to conclude a support agreement to cover the financing deficit for 2009, official sources say…
Romania's financial sector climbs 2.9% on closing, mirrors European markets
The main indexes of the Bucharest Stock Exchange (BSE) posted significant hikes today of up to 2.9 percent on the financial sector, with brokers saying investors await a trend shift on the mature markets. Liquidity fell 28 percent to 15.97 million lei (3.79 million euros) from 22.32 million lei in the previous session…
BNR could give the green light for relaxed mortgages
Romanians could be granted mortgages based on more relaxed conditions as of this month, and could pay monthly interest rates amounting to as much as 60-65 percent of their income, according to sources within Romania's National Bank (BNR). This could be possible provided that debtors come up with housing units or land as collateral…
Romanian Iproeb Bistrita Puts 280 Employees On Tech Unemployment
Romanian electric cable producer Iproeb Bistrita (IMRU.RO) will put 280 of its 653 employees on technical unemployment in January, due to lack of orders, the company stated Friday. The company reported revenues of 115.45 million lei (EUR1= RON4.2127) in the first nine months of 2008, down 13.7% from RON133.88 million in the corresponding period a year earlier…