Archive » November 2009 » 24 November 2009 The english news from 24 November 2009
Romania Ctrl Bank Oct Lombard Lending At RON19.4B
Romanian banks borrowed in October 19.4 billion lei (EUR1=RON4.2809) from the central bank through the Lombard facility, 40% more compared with RON13.87 billion borrowed in September, central bank data showed Monday. The Lombard rate in October was 12%, same as in September…
When will the 2010 budget be adopted?
During the 1990s, years of profound economic and political instability, the adoption of next year's budget was a common occurrence in a country immersed in democratic transition. The absence of the budget caused, each and every time, damages to both the internal business environment and to the drawing of foreign investments…
BCR sold corporate loans granted in the pre-Erste period
At the end of August, Banca Comerciala Romana (BCR), the largest lender in Romania, sold a significant package of loans granted to some small and medium-sized and micro enterprises between 1998 and 2005. This is the first loan package registered by BCR in the Electronic Archive of Mobile Real Guarantees (AEGRM) for which the currency is unspecified…
Romania Labor Ministry Wants 8,000 Work Permits Released For Foreigners In 2010
Romania might release 8,000 work permits in 2010 for citizens of non-European Union countries, which would bring nearly EUR1,600,000 in revenues to the state budget, according to a draft decision put up for debate by the country's Labor Ministry…
Romania - a test for the success of EU and IMF actions
Romania represents a test for the EU and the international financial institutions such as the International Monetary Fund (IMF) and the European Bank for Reconstruction and Development (EBRD). In 2009 they managed to help avoid a banking crisis in Central and Eastern Europe, 'The Times' writes…
Erste: Romania 3rd in the region in terms of advertising market decline in 2009
Ukraine tops the list of countries in the region that registered the sharpest declines on the advertising market in the first half of 2009, at 40 percent, with Bulgaria, at 29 percent, and Romania, at 26 percent, ranking second and third, according to an Erste report on the media market…