Archive » July 2009 » 22 July 2009 The english news from 22 July 2009
ING Bank Romania Withdraws From First House Program, Launches Its Own Loan Offer
ING Bank Romania withdrew from the "First House" program, planning to launch a similar mortgage loan product, but without the state guarantee, with a 5.5% interest rate and a maximum ceiling of EUR80,000, the bank's retail unit manager Albert Roggemans told MEDIAFAX Tuesday.…
Romania's core bourse BSE hikes over 5% on the SIF sector, following optimism on external markets
Investors bought significantly on the Bucharest Stock Exchange (BSE) yesterday's session and pushed the sector of the five SIFs up by 5.31 percent following several good financial results of U.S. companies, which generated optimism on the capital markets. Liquidity amounted to 20 million lei yesterday.…
Mortgaged houses can be bought within the First Home
Banks which did not launch the "First Home" program so far, although they applied for it and were supposed to provide more than half of the funds guaranteed within the program, agreed with the Government yesterday that their clients can also purchase new apartments that were mortgaged by developers.…
Romanian car market to fall by more than 55% this year
The Romanian car market could return to the 2003 level, to about 140,000 new vehicles sold, which would mean a drop of over 55%, as compared to last year, according to estimates of the Romanian Association of Automotive Manufacturers and Importers (APIA).…
EUR 125 M from the EU for completion of Cernavoda-Constanta motorway
The European Union gave green light to a first financing, worth EUR 125 M, for two major projects, namely the Cernavoda-Constanta Motorway and the ring road around Constanta, Transport Minister Radu Berceanu told a press conference yesterday, Agerpres reports.…
Petrom: Tough action needed for economic rebound
The government must take hard, unpopular measures to help the economy get back of track. It would be good if it chose two, maximum three industries such as energy, agriculture, and construction, to focus on, support them, and covert them into the engines of Romania's future growth, the Chief Executive Officer of Petrom, Romania's largest company, Mariana Gheorghe…