Archive » March 2010 » 30 March 2010 The english news from 30 March 2010

  • Mark Mobius, on the listing of Fondul Proprietatea

    Mark Mobius , the chief executive of Franklin Templeton Investment Management, the investment manager of Fondul Proprietatea equity assets, said Fondul Proprietatea would go public this year, most likely in September. Mark Mobius, who was invited to ring the opening bell at the Bucharest Stock Exchange…

  • Industry and constructions are relaunched, lay-offs slow down

    Companies in industry and constructions expect the increase of activity, the March bulletin for short term activities of BNR shows, drawing the attention that optimism could be stimulated by the increase of the number of working days against the previous month or the improvement of weather conditions…

  • Mercer consultant : Romania is still attractive for foreign investors

    Romania is still attractive for investors and could benefit from the policies for cost control which many Western European companies practise, Martin Macha, partner for Central Europe and Middle East for Mercer. "Foreign investors will come to Romania, due to the policies for cost reduction practised by companies in Western Europe"…

  • EC: Romania must specify the fiscal consolidation measures for 2011 and 2012

    Romania's convergence program does not sufficiently specify the consolidation measures to be taken in 2011 and 2012, said the European Commission in its assessment of the stability and convergence program, and recommended their specification and implementation for the reduction of the excessive budget deficit…

  • Volksbank Romania increases share capital by 200 million euros

    Volksbank Romania, a local branch of the Volksbank International (VBI) group, has increased its share capital by 200 million eruos, under a decision taken on March 25 by the General Shareholders Meeting of the group. In a press release issued on Friday…

  • Debt collection companies return 264 M euros to Romanian economy, in 2009

    The debt collection companies managed to return no less than 264 million euros to the Romanian economy, in 2009, representatives of the Commercial Debt Management Association (AMCC) announced on last Thursday, March 25. In the context of the deepening global economic crisis, the debt collection companies managed to recover as much as 264 million euros…

  • JPMorgan : BNR could drop the key interest up to 5% this year

    BNR could reduce the key interest down to 5% this year, in the context where leu is appreciated, together with the other currencies in the region, calms down the inflation and allows a quick relaxation of the monetary policy, a JPMorgan report shows…

  • BNR cuts key rate to 6.5 pct per year

    Romania's National Bank (BNR) has decided on Monday to cut again its key monetary policy rate to 6.5 percent per year, down from 7 percent previously, applicable starting on March 30. The Central Bank is seeking to influence a cut in the commercial banks interest rates on the market, but few of them have followed the downward movement of interest rates so far…

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