Archive » November 2009 » 27 November 2009 The english news from 27 November 2009
How much will banks have left for lending after they fuel the state budget with e1.4 bln?
Commercial banks yesterday purchased €1.4 billion in euro-denominated state bonds, with maturity of one year, at an annual interest rate of 4.25 percent. The auction attracted 13 banks, who offered €1.759 bln, but the Ministry of Finance accepted only 81 percent of the amount which lenders were willing to invest…
Romania Sells EUR1.42B 1-Yr T-Bills At 4.25% Avg Yield
Romania's Finance Ministry on Thursday sold one-year hard currency treasury bills worth EUR1.423 billion, almost triple the planned amount, at an average yield of 4.25% on the year. Thursday's loan equals almost 1.2% of the estimated gross domestic product for the whole of 2009, being the biggest sum ever attracted by Romania…
Budget deficit at 5.1 pct of GDP January through October
The consolidated budget execution over the first ten months of 2009 registered an estimated deficit of 25.5 billion lei, 5.1 percent of the GDP respectively, according to preliminary budget execution data published by the Ministry of Public Finance (MFP)…
The man who brought Pepsi to Romania never borrows from banks
Eli Davidai, the businessman who brought Pepsi and Burger King to Romania, said that the fast-moving consumer goods (FMCG) industry is the area in which investments could be made in the near future, mentioning that, although we are going through a crisis, there are business opportunities in Romania…