Archive » July 2010 » 20 July 2010 The english news from 20 July 2010
Low cost house expo. How Romanians fought over the 25,000 Euro studio apartment
Developers and real estate agencies present at the "Low Cost" Real Estate Expo in Bucharest signed 17 pre-contracts after three days. Hundreds of viewings have been scheduled. They don't waste time in interminable discussions with real estate agents or developers, they know what they want their dream home to look like, and when they find it they pay for it, in cash.…
For the second time, ANI Law declared unconstitutional
The nine CC judges debated the request in yesterday's meeting, allowing unanimously that the notification made by the head of state is justified. The argument which motivates the ruling given by the Constitutional Court Assembly will be presented in the decision to be published in the Official Paper of Romania. As of the publication date, the decision is compulsory and cannot be applied retroactively.…
Central Depository might also turn into bank
The Central Depository might also turn into a bank, said managing director of the Central Depository Adriana Tanasoiu on Monday, when they signed the protocol on inaugurating the user group for applying the TARGET 2 Securities system in Romania. "They talk about drawing up a European directive that might make it possible for central depositories to be banks too and the intention of the European bodies is to…
See how Hungary's fight with the IMF could affect you. What can we gain from this?
Budapest's refusal to take new "tough measures" could "positively differentiate" Romania in the view of the IMF. Despite halting negotiations with the IMF and the EU - which throws Hungary in a situation at least as unfavorable as was Romania's after the Constitutional Court rejected the pension cuts - Budapest is refusing to take additional austerity measures…