Archive » March 2009 » 03 March 2009 The english news from 03 March 2009
Global Finance boss: Magnitude of Wall Street events has not yet reached Romania
Stelian Dragan, the new chief investment officer of private equity firm Global Finance, says that his strategy does not only target companies in sectors less affected by the crisis and that yields of investment funds will be "quite good" in the coming years, too…
Romanian Household Lending Flat In Jan Compared With Dec
Romanian household lending was blocked in January, as it stayed at the previous month's level, both on the mortgage and consumer loans', according to the central bank BNR data. The value of mortgage and consumer loans granted to the population slightly decreased in January compared with December 2008…
New Fiscal Code to turn gray economy into black
Businesspeople are asking the Finance Ministry to lower the fiscal burden on the private sector, following in the footsteps of the U.S. administration. Authorities are currently working on changes to the Fiscal Code, which are to be announced shortly and publicly debated. Representatives of employer unions and businesspeople associations say they have not been consulted on the new code so far…
Romania's economic growth braked close to zero in Q4 last year, analysts estimate
Romania's economic growth pushed the brake pedal hard in the fourth quarter last year close to the door of recession, analysts gauge, considering the statistics published in the past months of last year which pointed to a downturn in most fields. The chief economist of the largest bank by assets in Romania, Banca Comerciala Romana (BCR)…