Archive » November 2009 » 17 November 2009 The english news from 17 November 2009
BNR releases €1.2 bln from the banks' reserves
The National Bank of Romania (BNR) decided yesterday to lower the cash reserve ratio (CRR) on foreign currency-denominated liabilities to 25 percent from 30 percent. BNR's Board of Directors met in a special session yesterday to analyze the budgetary, monetary and financial implications of the postponement of the bail-out tranches scheduled…
Romania Doubles Fines On Black Labor Mkt To RON4,000
Romania's Labor Inspectorate on Monday said fines on the black labor market have doubled, ranging from 3,000 lei (EUR1=RON4.2962) to RON4,000, according to a normative act effective as of November 16, 2009. According to the Inspectorate, Law no. 331/ 2009 amending letter…
BNR covers foreign financing deficit from mandatory reserve
The National Bank of Romania (BNR) decided on Monday to release money from the mandatory reserve set up by the commercial banks in order to cover the foreign financing deficit, central bank officials announced. 'The National Bank's Administration Council met in a special sitting in order to examine the consequences on the budget…
ACEA: Dacia's European sales up 19 pc in October
Dacia's auto sales in Europe totaled 20,753 units in October 2009, up 19 per cent compared to the same month last year (17,442), with the local automaker's market share climbing from 1.5 to 1.6 per cent, the statistics published yesterday by the European Automobile Manufacturers' Association (ACEA) show, Agerpres informs…