Archive » November 2007 » 27 November 2007 The english news from 27 November 2007
Budgetary surplus of 0.12 pc of GDP
Consolidated general budget recorded in the first ten months of the year a budgetary surplus of 0.12 percent of the Gross Domestic Product (GDP), the value of the positive balance being of 450 million lei, according to the budgetary execution published on the Internet site of the Ministry of Economy and Finance.…
Bucharest To Host Europe's Tallest X-Mas Tree
Bucharest authorities on Monday completed the construction of Europe's tallest artificial Christmas tree, which is 76 meters high and weighs 290 tons. The tree is a gift from Portuguese Millennium Bank and was built in partnership with Bucharest mayoralty.…
Scenarios for the exchange rate
The high national currency volatility has become a trap for 3.8 million Romanians who have taken out loans in euro, and must pay monthly installments at RON 0.5 more for each euro borrowed, due to the depreciation of the leu, compared to April. A possible foreign currency crisis will result in significant social costs, and effects in terms of financial stability which would…
Individuals, companies in Romania turn to foreign currency loans as overall crediting up in October
Both individuals and Romanian-based companies proved a little greedier in October as loans granted to both categories rose 3.3 percent against the previous month, with foreign currency credits being their favorite dish, according to the Central Bank of Romania (BNR).…
Electricity price may go up 5-6 pc in 2008
The electricity price paid by end-users may be raised, as of 2008, by five-six per cent, after the CO2 emission quota for Romania was cut down, chair of the Chamber of Deputies Committee on Industries and Services Iulian Iancu stated in a seminar on European policies and regional development.…
Part of real estate projects risk not being achieved
Some of the real estate projects announced in Romania risk not being achieved, because the construction companies lack sufficient human and technical resources to achieve the works, declared the President of the Romanian Association of Construction Entrepreneurs (ARACO), Laurentiu Plosceanu.…