Archive » May 2009 » 21 May 2009 The english news from 21 May 2009
BCR's mother-lender grants EUR 350m in credits to companies in Romania
Companies in Romania took a total 8 - 10 billion euros in credits directly from outside the borders and the majority owner of BCR, Austria's Erste Group, granted a total 350 million euros under the form of loans to companies in Romania, declared for NewsIn Dominic Bruynseels, BCR executive head…
Joseph Stiglitz: The worst is yet to come
Romania's economy could continue to slide in the coming quarters at a rate similar to that registered in the first quarter, of 6.4 percent, if the effects of the crisis in Europe "are harsher than expected," according to a statement for Business Standard by Joseph E. Stiglitz, recipient of the Nobel Prize in Economics, and former Senior Vice President and Chief Economist of the World Bank…
Romania's New Fiscal Code To Be Approved In 2H Of '09 - Fin Min
The Romanian Fiscal Code will be approved in the second half of the year, after talks with social partners, said Wednesday finance minister Gheorghe Pogea. "The Fiscal Code will be developed and presented within the social dialogue group, and will be approved in the second half of the year," said Pogea in a press conference at the Government building…
Central Bank: Romania has avoided serious recession thanks to exchange rate flexibility
Romania has avoided a dramatic recession like the one that gripped the Balkan states thanks to the flexibility of the exchange rate, chief economist of the National Bank of Romania (BNR) Valentin Lazea said at the central and Southeastern European financial forum in Bucharest…