Archive » November 2009 » 12 November 2009 The english news from 12 November 2009
Hidroelectrica is having problems, said Videanu. How is this possible?
If the drought persists for five years, Hidroelectrica, Romania's largest electricity producer, will go bankrupt, according to a statement by the Minister of Economy, Adriean Videanu, which he later tried to soften, by adding: the producer must merge with Termoelectrica, to better balance its costs…
EBRD: Romanian Banks Should Give More Loans In Lei
Romanian lenders' main challenge ahead is to offer long-term loans in Romanian lei, because is unhealthy for households and companies to be borrowing in foreign currency while their income is in lei, an official with the European Bank for Reconstruction and Development said Wednesday…
CEI's goal, cooperation for sustainable development
The goal of member states of the Central European Initiative (CEI) is the cooperation for sustainable development, said on Wednesday Adriean Videanu, Minister of Economy and Health, at the opening of the meeting of economy ministers of CEI countries, which is unfolding within the activities taking place under Romania's presidency of the Central European Initiative…
'No need for tax hike during recession!' BNR governor warns
The optimal adjustment solution for Romania aims at public expenditures, in the sense of reducing the expenditures on wages and the financial expenditures and of focusing on investments, with one of the alternatives to that consisting of tax hikes, 'which is precisely what we don't need during a recession,' Mugur Isarescu, the Governor of the National Bank of Romania (BNR)…