Archive » November 2007 » 14 November 2007 The english news from 14 November 2007
BRD's 740 branches unsettle BCR's position as leader
With a better profitability/employee ratio and a higher profit, BRD-Groupe Societe Generale, Romania's second-largest lender in terms of assets, is seriously unsettling Banca Comerciala Romana's (BCR) market leader position in the banking sector.The French group invested some €45 million…
Romanians' savings in banks up 34 pc in 2007
The average amount saved by a Romanian in a banking depot was, by the end of September, RON 3,500 (over EUR 1,000), up 34.6 per cent against the end of 2006, shows the semester bulletin published yesterday by the Fund for the guarantee of the deposits in the banking system, according to Mediafax.…
Isarescu sees 2008 budget as prudent and recommends tight economic policies
BNR Governor, Mugur Isarescu, appreciates the 2008 budget as being prudent, without a big deficit, and asserts that economic policies must be strengthened in an electoral year, recommending the application of a mix of salary-budget-fiscal policies in order to regulate the macro-economic balances.…
NetCity project not viable, says ACC
NetCity, the project of Bucharest City Hall, which refers to the construction of a metropolitan telecommunication network, is not feasible neither economically nor technically. The president of the Association of Cable Communication (ACC), Radu Petric, declared that the construction…