Archive » November 2009 » 10 November 2009 The english news from 10 November 2009
Foreclosures worth over €30 mln in November alone
In November alone, financial institutions put up for sale properties, cars, and equipment worth over €30 million. Increasing unemployment, the depreciation of the leu, the deadlock in the economy and in the lending sector represent the engine of growth of the debt enforcement market. Sources in the banking sector say that debt enforcement has a potential of some €5 billion, which represents only "loss" classified loans…
Romanian Cable Operators Push For Law On Telecom Infrastructure
The Romanian Cable Communications Association urged competent authorities to pass a law on telecom infrastructure, arguing the Romanian cable services industry is "at the beck and call of local authorities and owners of utility poles", which hinders upgrades on the local telecom networks…
Rents reach historic minimum in last 3 years
The average rental fee for Bucharest apartments reached a historic minimum for the last 3 years in October, according to a survey conducted by the web site AnunturiParticulari.ro, quoted by Agerpres. Thus in October, the average rent charged by owners for a studio fell to EUR 279, i.e. 4 pc lower than in September…
MTPL fees to rise by at least 30%, due to the exchange rate
The volatility of the exchange rate will affect prices of compulsory motor third party liability insurance (MTPL, known as RCA in Romania), which will increase by at least 30 percent in 2010, at the entire market level. There is a significant impact from depreciation…