Archive » July 2009 » 08 July 2009 The english news from 08 July 2009
New orders in Romania's industry fall for the sixth month in a row
New orders in the Romanian industry reduced by 19.1 percent in May over the same month of the previous year, indicating the sixth consecutive month of decline, especially following a 40 percent fall in the intermediary goods industry, data from the National Statistics Institute (INS) show…
Romania 1H Online Card Payments Up 68% YY To EUR43.5M
Romanian online card payments soared 68% on the year to EUR43.5 million in the first half, card processor RomCard said Tuesday, cited by Gecad ePayment. "The market saw a natural evolution, especially given the current economic background. Traders are forced to lower their prices, and one of the best method is to turn to the Internet as a low-cost market"…
ECOFIN approve excessive deficit procedure against six member states
During the ECOFIN meeting, European Finance Ministers okayed the European's Commission proposal to open an excessive deficit procedure against six EU member states - Latvia, Lithuania, Malta, Poland, Hungary and Romania. The European officials recommended Romania to fulfill the political commitments it assumed through the agreement signed with the European executive and the IMF…
Romania's financial companies or SIF slide 0.63% on BSE at closing bell
The Bucharest Stock Exchange (BSE) gained a slight 0.5 percent on closing underpinned by increase of Petrom shares, while the five financial companies known as SIF dipped 0.63 percent, after the Constitutional Court decided to postpone again decision regarding the ownership threshold…
BNR Board members have €1.6 mln in bank deposits
The managers of the National Bank of Romania (BNR) have €1.6 million in deposits at banks operating on the Romanian market. According to their wealth statements, the nine members of the BNR Board relied especially on the national currency, considering that lei-denominated deposits amounted to RON 4.33 million (the equivalent of €1.03 mln) at the end of this year's first half, while euro deposits reached some €0.65 mln…