Archive » November 2008 » 18 November 2008 The english news from 18 November 2008
Romanian banks set interests of 10% to lei deposits and of 35% to credits, BNR official says
Banks offer interests of 9-10 percent for deposits and of 35 percent for credits in lei, raising margins following changes on the market, said the advisor of the central bank's (BNR) governor, Adrian Vasilescu…
Dinu Patriciu reaches agreement with Erste to take over Anglo-Romanian Bank
Businessman Dinu Patriciu has reached an agreement with Erste Bank, the majority shareholder of BCR, in order to take over the Anglo-Romanian Bank, which is part of the BCR group, banking sources say…
M & A deals and company listings failed due to crisis
Several transactions and stock market listings, worth a total €1.8 billion, were cancelled or delayed until further notice due to the international financial crisis, according to an analysis made by Business Standard based on market data. Financing access in the local business environment is almost frozen, as lenders restricted lending and blocked major loans…
Romania Auto Registry Says Blame For Used Cars Overload Misplaced
Romanian cars are thoroughly tested for technical requirements, and the Romanian Automobile Registry (RAR) even proposed checkups of cars over 7 years old be operated annually, but the authorities had no reaction to the proposition, RAR said Tuesday…