Archive » January 2009 » 20 January 2009 The english news from 20 January 2009
Banks, financial companies slip at closing on loss forecast at the Royal Bank of Scotland
Banks fell on the Bucharest Stock Exchange (BSE) after Erste plunge, following the massive loss estimates at the Royal Bank of Scotland (RBS). Trading grew 26 percent to 10.19 million lei over the one seen at closing at the end of last week of 8.08 million lei…
Dacia's Fourmont: NBR rate cut indispensable to our survival
The raise of the monetary policy rate from 7.5% to 10.25% operated by the National Bank of Romania last year was one of the factors that caused Dacia's sales to plummet on the Romanian market, Francois Fourmont, general manager of Automobile Dacia told ZF in an interview…
The market demands corporate bonds with interest rates of over 16%
Higher interests and shorter reimbursement deadlines make corporate bonds more attractive than state and municipal ones, according to 54 percent of the investors interviewed by analysts of KD Capital Management brokerage company. "Corporate bonds provide higher yields and are more attractive in terms of liquidity on the stock exchange, as these are the best traded financial titles," KD Capital Management analyst, Adrian Duna, said…
Romanian Prognosis Comm Sees '09 Avg Leu Exch Rate At RON4 Vs Euro
The National Prognosis Commission, or CNP, sees the average exchange rate of the Romanian leu at RON4 against the euro, weaker than the RON3.6 to the euro exchange rate it predicted in October 2008, the commission said Monday in an interim forecast. CNP forecasts the 2010 exchange rate at RON4.09 to the euro, also weaker than the commission's fall prediction of RON3.5 to the euro…