Archive » November 2008 » 19 November 2008 The english news from 19 November 2008

  • Analysts: Lending growth will slow down to 5% in 2009

    Analysts foresee a significant slowdown in lending in 2009 and even a deceleration of around 5% compared with 2008, which will implicitly lead to a decline in consumption and make an impact over the economic growth rate, whilst constructions and retail will be the fields hardest hit…

  • Romanians can turn from tight bank financing to mutual help associations, central bank official says

    The mutual help associations in Romania known as CAR will enhance their role in full financial turmoil in the context of an increased importance of domestic savings and a more difficult access to bank financing, according to Florin Georgescu, first vicegovernor of Romania's central bank (BNR)…

  • Romania's Govt Puts Oltchim Sale In Stand-By

    The privatization of Romanian chemical plant Oltchim (OLT.RO) is currently in stand-by, and the sale will be resumed when the market ensures favorable conditions to keep the plant's employees, in the meantime the company being supported by state aids approved by the European Commission…

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