Archive » June 2009 » 12 June 2009 The english news from 12 June 2009
Romanian mineral resources agency leases 9,000sq km of Black Sea to firm controlled by Dinu Patriciu
The National Agency for Mineral Resources (ANRM) leased last year 9,000 square kilometers of the Black Sea to Marine Resources Exploration International SRL, part of the Rompetrol Holding SA, for exploration of a non-conventional energy resource. According to the information obtained by NewsIn, the company that won the bid…
Banks lost 40% of the value of mortgages
Local banks lost some 30-40 percent of the value of mortgages they established for housing or consumer loans, due to the deadlock on the real estate market, which led to a fall of prices. Lenders risk not recovering all their receivables in case of foreclosure…
Bucharest Falls 55 Places To 187 In World Priciest Expat Cities Survey
Romanian capital Bucharest fell 55 places to 187th in a ranking of most expensive cities in the world for expat workers, according to a survey of human resources company ECA International. ECA's 2009 Cost of Living survey noted Bucharest also dropped one notch to 70th among most European expensive cities for expats…
IMF agreement made public
The ceilings set for the budgetary deficit, inflation, the governmental guarantees and the restructuring of the state companies further to the understanding with the IMF were made public on the site of the institution. Thus, the Government of Romania will have to save, to adopt the laws regarding the restructuring of the public salary system, and modify the pension legislation…