Archive » May 2009 » 06 May 2009 The english news from 06 May 2009
Romania's president says first EUR 5bn from external loan transfered to restart economic engines
Romanian president Traian Basescu told the Foreign Investors Council in the country that the first 5 billion euro installment, part of 20-billion euro external loan contracted, were transfered and should the central bank (BNR) by tomorrow the latest. Today Ecofin also approved the 5-billion euro loan for Romania and a first part of 1.5 billion euros should get here by July…
Banks externalized loans worth €17 bln in 2006-2008
The volume of loans externalized by banks in the 2006-2008 period amounts to 35 percent of the loan balance registered at the end of last year. According to data released by the National Bank of Romania (BNR), the non-governmental loan amounted to €49.7 billion by 31 December 2008. Thus, the value of externalized loan portfolio amounts to some €17.4 billion…
Romania May Regain "Investment Grade" Rating By '10 - BCR
Romania could regain its status of "investment grade" by 2010, in an optimistic scenario, if it meets the conditions of the financial multilateral agreement with the International Monetary Fund and the European Commission, analysts of Romania's largest lender BCR said Tuesday …
Money from EU to be used for investments, PM says
Prime Minister Emil Boc said Romania is going to inject the loan it had contracted with the European Union in investments, and not to discharge it in salaries and pensions. 'The money is for investments. We will distribute it today to investments in various fields, as scheduled in the state budget. And, let it be God's will too, we hope we will not be forced to change this strategy, at some point' the PM said…