Archive » October 2008 » 08 October 2008 The english news from 08 October 2008
Romanians pay by credit card only once every two months
The 2.5 million credit cards in circulation on the Romanian market were used only 1.5 times on average in the second quarter of the year, according to data from the NBR (National Bank of Romania). The number of credit card payment transactions fell to 3.95 million in the second quarter, from 4.2 million in the first three months of the year…
Capital market watchdog green lights six Erste open investment funds in Romania
Romania's capital market watchdog (CNVM) authorized six open investment funds of Austrian financial group Erste, which will be administered by Erste Sparinvest, according to data from CNVM. ESPA Stock Global Emerging Markets, ESPA Bond Europe, ESPA Bond Dollar, ESPA Bond Danubia, ESPA Stock Global and ESPA Stock Europe Emerging are funds registered and supervised by the financial market watchdog in Austria…
If you have money, now is the time for the best deals!
"Buy smart... and at the lowest prices," has been Warren Buffett's constant advice to investors, since he became one of the world's richest men, investing in undervalued companies in periods of major declines on financial markets. Now is the time for strategic and highly sophisticated investors, not for speculators, said investment bankers, while local business people seem to be following Buffett's example…
All But One Bank Sent New Loan Norms To Romanian Ctrl Bk
All Romanian banks sent to the central bank the new lending norms for natural persons by the deadline on Monday, except for a small bank with a market share below 1%, the central bank representatives said Tuesday…
Bucharest, 31st among top 34 best cities for business in Europe
Bucharest has fallen three positions, on the 31st, in the ranking of the best 34 places for business in Europe, the Capital registering the biggest regresses on criteria related to rent level and availability of quality office space, according to a Cushman & Wakefield survey. Last year, Bucharest occupied position 28, from 33 cities…
UniCredit to cut 700 investment banking jobs
UniCredit will axe 700 jobs at its investment banking arm, a source close to the matter said on Tuesday, as the bank's shares slipped for a second straight day as analysts questioned earnings targets and called for better external communication…
Trading stopped at the Bucharest Stock Exchange after steep falls under the effect of global crisis
Trading at the Bucharest Stock Exchange (BSE) was suspended today after falls of above 10 percent, on continuing slump on the market, caused by the international turmoil. Liquidity at rising bell dropped 15.5 percent to 3.91 million lei. The BET index of the ten best companies on BSE lost 5.25 percent to 3,759.78 and the BET-C composite index measuring all listed shares minus financial companies slid 4.65 percent to 2,841.04…
Trading suspended on the Bucharest Stock Exchange after stocks sank
Transactions on the Bucharest Stock Exchange (BSE) were stopped at 11:08 a.m. Romania's hour in order to preserve the market integrity, after steep falls in today's opening session. The BET index of the ten best companies on BSE dropped 9.25 percent and the BET-C composite index measuring all listed shares minus financial companies plunged 10.68 percent…
Romanian bourse in Sibiu suspends transactions with share derivatives only, following BSE decision
The bourse in the central city of Sibiu, Sibex, stopped its transactions with derivatives on shares today around 11:10 a.m. Romania's hour, immediately after trading on the Bucharest Stock Exchange (BSE) was suspended following a general market slump, Darius Cipariu, deputy director of Sibex, said…