Archive » March 2010 » 02 March 2010 The english news from 02 March 2010
KPMG: Better prospects in 2010 for the M&A market
Despite the market remains challenging, prospects for the mergers & acquisitions market are better in 2010 than they were in 2009, the annual survey carried by KPMG International in conjunction with US-based magazine The Deal found. The survey generally makes encouraging reading…
Survey: Executives see more job cuts ahead
Romanian employers anticipate a relative stability in manufacturing activity over the next three months, a decline in construction and retailing industry, and a modest slowdown in services, with the majority of them expecting a reduction in their payrolls, a survey carried by the National Institute of Statistics found…
Florian Libocor, BRD: Romania should go through with the IMF agreement
Romania should go through with the International Monetary Fund agreement, even there are voices saying that Romania could give up the other instalments from the foreign loan, BRD economist chief Florian Libocor. He mentioned that this is a proof that "we are serious". "There are voices saying that we could give up the other instalments from the IMF agreement, which are not that consistent…
Over 4 mln euros paid by mobilpay
Romanians made about 620,000 payments by their mobile phones in 2009, the average value of each transaction being seven euros, while the total amount paid was more than 4.4 million euros, a release of Netopia Sistem company informs. Netopia Sistem operated around 80 percent of the total amount of payments made in 2009 by SMS, namely 3.5 million euros…
Bankers expect mortgage loans to be unfrozen by March
Bankers expect loans for homes to be unfrozen in the first quarter of the year, after imposing less restrictive standards on this segment compared with that of consumer loans in the last three months of 2009, according to a survey conducted by the NBR (National Bank of Romania)…
Fitch downgrades four Greek banks
Fitch has revised downwards the ratings of National Bank of Greece (NBG), Alpha Bank, EFG Eurobank and Piraeus Bank, due to anticipated fiscal adjustments in Greece will affect to a even larger extent the profitability and asset quality."In particular, Fitch believes the required fiscal tightening that needs to be made by the Greek government…
IMF sets first-quarter deficit target at 8.25 billion lei
The International Monetary Fund (IMF) has already agreed on two quarterly budget gap targets for Romania, in a broad effort to contain the 2010 deficit within the 5.9% target range, from 7.2% in 2009. The global lender set a national debt target for the first quarter at 8.25 billion lei (around €2 billion), and 15.54 billion lei (€3.8 billion) for the first half…