Archive » March 2009 » 12 March 2009 The english news from 12 March 2009

  • Romanian President: I Wish Romania Needed No IMF Deal

    Romania's President Traian Basescu said Wednesday on the public radio station that he, as well as other politicians, wished Romania didn't need to borrow money from the International Monetary Fund, or IMF. Basescu said the exact amount will be known after the evaluation is completed. But, unlike in the '90s, when Romania…

  • Rompetrol's way to obtain financing in time of crisis

    The Rompetrol group, part of the Kazakhstan-based state-owned KazMunaiGaz oil and gas company, is accessing financing in time of crisis by negotiating the renewal of its financing lines from banks and by selling non-core assets. The company has already borrowed some $800 million.…

  • Romania's financing gap could stand between EUR 7.4bn and EUR 16bn in 2009, pundit deems

    The country's financing need for 2009 is somewhere between 7.4 and 16 billion euros, depending on different scenarios for rollover of maturing debts, mainly from the private sector, advisor to the central lender governor, Lucian Croitoru, said.…

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