Archive » June 2009 » 11 June 2009 The english news from 11 June 2009
Four insurers account for 99% of the net loss on Romania's insurance market in 2008
Insurers in Romania reported a net loss of 575.78 million lei (156.3 million euros) in 2008, twice as much as in 2007, and 99 percent of it was accumulated by four insurers - Ardaf, Uniqa, BT Asigurari and Asiban, the market watchdog CSA. Insurance companies in Romania posted a net loss of 253 million lei in 2007, the second consecutive year in which they reported losses…
Banks are cutting interest rates on deposits
Banca Comerciala Romana (BCR), leader of the banking system in terms of assets, is preparing to cut interest rates on loans and deposits, and a decision will be made no sooner than the end of this month, company officials told Business Standard. If, until April, there was a real battle on the banking market to attract savings, and lenders were offering huge interest rates…
Romanian Fin Min Confident In Solving Farmers' Demands
Romanian Finance Minister Gheorghe Pogea on Wednesday assured farmers the authorities will find a solution to compensate their dues to the state with the subsidies farmers benefit from through the paying agency in agriculture. "One of the problems raised, and I believe the Finance Ministry is able to solve it, regards compensating the farmers' fiscal dues to the state…
INS: Inflation of 0.01 pc in May
The inflation rate was 0.01 per cent in May, compared to April, while the annual inflation (May 2008-May 2009) dropped to 5.95 per cent, according to the data published yesterday by the National Institute of Statistics (INS), Agerpres informs. In April, the inflation rate was 0.27 per cent, while the annual inflation (April 2008-April 2009) was 6.45 per cent…