Archive » January 2010 » 07 January 2010 The english news from 07 January 2010

  • Value of pension point increases to 826.2 lei

    The two specialist commissions of Parliament on Wednesday approved the increase in the value of the pension point from 732.8 lei to 826.2 lei starting on January 1, 2010 despite the arguments offered by the officials of the Ministries of Labour and Public Finance referring to the budget restraints (1 euro=4.16 lei)…

  • Romanian Leu Soars Vs Euro, Unlike Regional Currencies

    The leu extended gains against the euro Wednesday, bucking the regional trend, on foreign players' high demand for the local currency, despite the unexpected key rate cut announced Tuesday by Romania's central bank. The leu closed at RON4.1600/RON4.1630, 0.6% stronger than RON4.1840/RON4.1870 at closing time Tuesday…

  • Fitch: Romania's rating unlikely to improve in 2010

    At the end of the past year, the finance minister Sebastian Vladescu was saying that Romania could register in 2010 an improvement of the sovereign rating if it observes the agreement with IMF and the European Union. But, Fitch rating agency pours cold water on the enthusiasm of the Romanian politicians…

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