Archive » May 2009 » 22 May 2009 The english news from 22 May 2009
Joseph Stiglitz: Romania has an edge over other states
Some countries did better than others during the current crisis, with Romania counting to the first category, said Professor Joseph Stiglitz on Thursday, while in Bucharest where he is to deliver an address on the impact of the economic crisis on South-East European countries, at the Central and South-East European Financial Forum organized by Forum Invest.…
Romania To Give Gazprom Tech Data For South Stream Gas Pipeline
Romania will give Russian group Gazprom some technical data for the construction of South Stream gas pipeline and aims to further partner with the group in projects for the construction of gas-run power plants for producing electric power. Romania's Economy Minister Adriean Videanu and the managers of state-owned gas pipeline operator Transgaz…
First Home project could boost real estate sector
The "First Home" project, which guarantees 80 percent of the value of mortgages taken out by individuals who are acquiring their first home, could have a significant positive impact on the real estate industry only if it exclusively targets the new unit market segment and provided that participating in the program is not excessively bureaucratized, said real estate players…
Lender Piraeus Bank Romania sees net profit down by 15% y/y in Q1, to lei 39m
Piraeus Bank Romania, the unit of Greece's fourth-biggest bank, reported a 39 million lei net profit in the first three months, 15 percent lower compared to the similar period in the previous, data provided by the bank show. The bank had a net profit of 46 million lei in the first quarter last year.…