Archive » November 2007 » 12 November 2007 The english news from 12 November 2007
BCR raises interest rates on deposits
Banca Comerciala Romana (BCR), Romania's top lender, has increased interest on time foreign currency deposits as of today, in order to obtain loan resources less expensive than those attracted from the interbank market. Thus, BCR is raising interest for six month euro deposits to an annual…
Romania, the largest automotive market in Central and Eastern Europe
The number of new vehicles sold in the Romanian market advanced by 23.1 per cent over the first nine months of the year, up to 228,877 units, bringing Romania on the first position within the hierarchy of the largest automotive markets in Central and Eastern Europe, according to a survey …
Romania's trade deficit widens to EUR 15bn as imports win new fight on exports
Romania's nine-month trade deficit reached 15 billion euros after imports gained another fight against exports, the National Statistics Institute (INS) shows. The country's trade deficit widened 5.5 billion euros against the first nine months of 2006. The result stems from massive imports which grew 27 percent…
Initial and final prices in a residential ensemble vary by 15-50%
Prices in a residential ensemble may change weekly, monthly, every few months or not at all, according to the developer's policy, and the differences between the initial and the final prices vary by 15-50%, declared for NewsIn Regatta's Residential Projects Manager, Sorin Lacusta.…
23 Forbes billionaires business in Rom worth EUR 3.5 bil
About one quarter of the top 100 billionaires in the Forbes top have business worth EUR 3.5 billion in Romania. The figure is similar to that of local Petrom oil giant, Romania's most important company, and to the purchase price of the country's largest commercial bank, Banca Comerciala Romana (BCR)…
Romania's headline inflation inches up to 6.8%
The consumer price index rose by 1% m/m in October, pushing annualized inflation to 6.84% y/y, due to administrative prices' hikes, prolonged draught and increase in international oil prices, as shown in a press release received by BankNews.ro. In October, CORE2 inflation, NBR's favourite measure, remained high, but slightly decelerated its growth…