Archive » November 2009 » 19 November 2009 The english news from 19 November 2009
Another €1 bln from bank pockets to the state budget
The state will borrow over €500 million from commercial banks in the first week of December, through a "club loan" arrangement, sources on the banking market told Business Standard. "There will be a new club loan before the second round of elections, on 6 December" …
Parent Bks Consider 5% Variation Band To Romania Exposure - Sources
The parent banks of Romania's top nine lenders, alongside officials of the International Monetary Fund, the European Commission and of Romanian central bank, are considering a 5% variation band to their exposure cap on the Romanian market, participants to the talks told MEDIAFAX Wednesday…
Romania, second in EU in terms of construction output increase in September
In the construction sector, seasonally adjusted production decreased by 1.1 percent in both the euro area and the EU27 in September 2009, compared with the previous month, but in Romania the output recorded a 2-percent rise, second only to the Czech Republic's 2.4-percent rise, show data released on Wednesday by the Eurostat European statistics office…
IMF, EBRD urge Eastern Europe banks to recognise losses
Banks operating in emerging Europe may have been too slow in recognising possible losses due to bad debt and could face a day of reckoning early next year, international financial institutions warned on Tuesday. The former Communist region's banks, most under western ownership…