Archive » June 2009 » 25 June 2009 The english news from 25 June 2009
Romania's top bank by assets BCR will rise its share capital by EUR 100m, says the Erste Group head
Banca Comerciala Romana (BCR), Romania's largest bank by assets, will increase its share capital by around 100 million euros, but the lender's main shareholder, the Austrian Erste Group, is willing to provide any amount necessary, declared the group's CEO, Andreas Treichl…
Lawmakers ask annulment of SIF ownership threshold
A draft law on the financial investment companies (SIF) issued by 19 deputies and senators rocked Romania's capital market yesterday, with SIF quotations shooting up as much as 12 percent only minutes after the news was out. The lawmakers want the SIF ownership threshold, currently set at 1 percent of total shares, to be eliminated…
Romania has to bring down the deficit to 3 pc by 2011
The European Commission has opened the excessive deficit procedure against ten EU member states including Romania, who exceeded the three per cent admissible threshold in 2008 to 5.4 per cent. The excessive deficit was the result of bigger expenditures than those planned, mainly with public sector wages as well as social transfers…
Romania Is A Transit Country On Heroin Traffic Route - UN Report
Drug consumption is low among Romanian youths, but the country is part of the heroin transit route, according to 2009's World Drug Report published Wednesday by the United Nations Office on Drugs and Crime (UNODC). The report provides global information on drug consumption and traffic, on the main "exporting" countries and necessary measures in the fight against these threats to human health…