Archive » May 2009 » 14 May 2009 The english news from 14 May 2009
Entrepreneurs ask for help in exchange for taxes
A Counter-guarantee Fund that is to become operational as of July 1 and the establishment of a Risk Fund in order to help companies develop during their start-up phase - these are two measures promised by authorities during the "Entrepreneur. Solutions for a year of crisis" conference, organized by Business Standard…
Romanian Politicians Treat Econ Crisis Too Dramatically - Ctrl Bk Head
Romanian politicians treat the economic crisis in an overstressed way, and they should apply already tested solutions, the central bank's governor Mugur Isarescu said Wednesday. "We have to get the crisis out of our heads. We do not need to discover America. All we need is to look at other countries, come with solutions and politics that have already been applied," Isarescu said…
EC opens excessive deficit procedure in Romania's case
The European Commission (EC) on Wednesday opened the excessive deficit procedure in the case of Romania, Poland, Lithuania and Malta. The decision was taken in accordance with the relevant provisions of the Treaty establishing the European Community and the Stability and Growth Pact…
Romania's Unicredit Tiriac Bank hikes net profit 68% y/y to lei 131m in Q1
The net profit of Unicredit Tiriac Bank rallied 68 percent to 131 million lei (31 million euros) in the first quarter of 2009 compared to the similar period last year, the lender announced. Total assets' volume reached 18.5 billion lei (4.4 billion euros) at the end of March, up 34 percent on the same month of 2008…