Archive » June 2009 » 01 June 2009 The english news from 01 June 2009
BNR makes profit
The National Bank of Romania (BNR) paid in April, for the first time in the past nine years, tax profit, due to significant earnings in the past two quarters, which contributed to offsetting the loss carried forward from the previous time. "It is not only that BNR covered all the loss accumulated in the past years, but in April, after nine years, it is the first time when we paid tax on profit to the state budget…
Bank loans and Forex operations boost BNR profit
Loans granted to commercial banks and foreign currency operations were the main factors which contributed to the profit that the National Bank of Romania (BNR) registered at the end of 2008, Adrian Vasilescu, Advisor of BNR's Governor Mugur Isarescu, told Business Standard…
Romania 'First House' Proj Should Stimulate New Constructions
Romania's "First House" program, which offers state-guaranteed loans to purchase one's first home, should cover newly built houses rather than houses available on the free market, SMEs Minister Constantin Nita said Sunday. "Our wish is that those houses are built and not purchased from the free market, except maybe for those who were built after September 1, 2008, at the beginning of the crisis…
Romania's cement production will drop this year by 10% y/y, estimates employers' union
Romania's cement production will lose this year about 10 percent versus 2008, when it stood at 10.7 million tons, mainly due to the massive decline in the real estate field, declared for NewsIn Mihai Rohan, president of the cement employers' union CIROM. The cement price could, nonetheless, grow this year by about 1-2 percent, thanks to the rise of royalties in the industry…