Archive » November 2009 » 20 November 2009 The english news from 20 November 2009
CAR loans to pay back banks
In the past year, mutual assistance houses (CAR) have become the main way in which persons with low income have managed to obtain a loan to cover their daily expenses. According to data provided by the National Bank of Romania (BNR), there are 2,998 mutual assistance houses in Romania at present, divided into two categories…
ING Bank Romania Head: Ctrl Bk To Protect Leu At Any Cost
Romanian central bank seems determined to spend as much as needed to support the leu, which is seen depreciating by year-end and further appreciating once with the revival of European markets, according to ING Bank Romania's head Misu Negritoiu…
Hilton intends to expand outside Bucharest
The Hilton Worldwide hotel group is bringing the first "economy" brand in its portfolio, Hampton by Hilton, to Romania, to be launched outside Bucharest, company officials announced yesterday…
IMF stays firm: The next installment in March - only if the budget is credible
If political crisis continues and the completion of the second evaluation by the International Monetary Fund (IMF) gets pushed back to January, the Fund might deliver the third and fourth installments together. Anyway, the next IMF evaluation was scheduled for late January - early February 2010, and the fourth tranches was due for March…