Archive » May 2009 » 28 May 2009 The english news from 28 May 2009
Romania's Finance Ministry plans to collect 7.5bn lei in June through six bids
Romania's Public Finance Ministry (MFP) is set to collect 7.5 billion lei through six bids in June by selling treasury certificates and benchmark bonds maturing in three, five years, according to the institution's website. The first bid will be held on June 1 when MFP will issue treasury certificates worth 2 billion lei maturing in six months. The same week it issues benchmark bonds maturing in five years and worth 750 million lei…
Banks off the hook this year, the economy later
Bankers expect to overcome the recession before the real economy does, in the final quarter of this year. However, most top managers say that Romania will overcome the crisis next year. According to a study by Deloitte Romania consulting company, managers in the pharmaceutical and medical industries are leading the ranking in terms of optimism…
Romanian Govt OKs 15% Higher Guaranteed Min Income
Romania will increase by 15% the guaranteed minimum income starting with July, as part of a World Bank agreement to better protect underprivileged citizens during crisis, according to a government decision adopted Wednesday. According to World Bank research, Romania's guaranteed minimum income is currently at 18% of the minimum wage, way below the 29% guaranteed income in 2004…
Ghetea: First house programme is a first step toward the recovery of crediting
The "First house" program represents a first step for the recovery of crediting and will support the construction of houses, also allowing hundreds of real-estate firms to resume their activity, the president of the Romanian Banking Association, Radu Ghetea told yesterday the Chamber of Deputies Commission on budget and finances, Mediafax reports…