Archive » June 2009 » 19 June 2009 The english news from 19 June 2009
Romania's Finance Ministry sells 3-year state bonds worth lei 570m, at average yield of 11.18%
The Public Finance Ministry (MFP) sold today benchmark bonds maturing in three years and four months for a total 570.2 million lei (134.7 million euros), at an average annual yield of 11.18 percent, higher than the one accepted in the previous bid. In the fifth state securities bid this month, MFP collected one fourth less than the 750 million lei initially announced, and the maximum accepted yield was 11.25 percent per year…
Tiriac: Crisis to last into 2014 if issues not resolved
Ion Tiriac, one of the wealthiest businesspeople in Romania, says that an economic rebound could occur at the end of next year, at the earliest. However, if the government does not handle problems well, the exit from crisis will only happen in 2014, he warned during an interview for Business Standard…
Romanian Econ Min-Owned Cos To Hike salaries By 5% in 2009
The gross salaries of the employees with 26 companies owned by the Romanian Economy Minister will increase by 5% in 2009, to cover the projected inflation rate. The salary increases are based on the expected productivity growth, according to the grounding note on the Government Decision draft adopting the companies' budgets…
ZEW warns economic situation of Romania is critical
The confidence of the investors in the Romanian economy dropped in June, the index of the confidence shifting to red in spite of the fact that the optimism connected with the economic development of Central and East Europe has increased in the period under review, a report of the German institute ZEW shows. Thus, the economic situation from Romania is evaluated as critical…
A first in the Romanian banking market - Raiffeisen Bank and RevEurope debut prepaid debit card with mobile payments
Raiffeisen Bank and RevEurope are breaking new ground in Romania's emerging prepaid card market with the launch of the Raiffeisen Bank Visa Prepaid Card, the only prepaid card to allow Romanians to send money domestically from their mobile phones and the first prepaid debit card on the Romanian market issued by a banking institution…