Archive » May 2009 » 08 May 2009 The english news from 08 May 2009
Rompetrol's Moldovan Unit Fined For Illegal Profit
The Moldova-based unit of Romania's second-largest oil company Rompetrol Group was fined by the authorities in Kishinev with 20 million Moldovan lei (RON1= MDL0.0003522) for "illegal profit" by exceeding the legal profitability threshold, Moldovan news agency Interlic reported.…
EC approves of Romania's EUR 30m bailout plan for state-run companies of the Economy Ministry
The European Commission authorized Romania's 30 million euro aid strategy to save companies controlled by the state assets recovery body (AVAS) and by the Economy Ministry (ME), which were seriously struck by the economic crisis, the competition watchdog announced.…
Analysts expect the leu to strengthen below RON 4/Euro1
National Bank of Romania (BNR) Governor, Mugur Isarescu, said that the peak of pressures on the national currency is over, after the first tranche of a stand-by loan agreed upon with the International Monetary Fund (IMF), worth €5 billion, has already been sent to Romania, and the central bank lowered the key rate by 0.5 percentage points, to 9.5 percent.…
BNR set a realistic inflation rate of 3.5 pc for an uncertain 2010
The Romanian National Bank (BNR) has set an inflation target for 2010 at 3.5 pc, with one percentage point variation interval, similar to that set for 2009, confirming the work hypothesis used by the central bank ever since February 2009. BNR Governor Mugur Isarescu stated yesterday at the presentation of the inflation…