Archive » October 2008 » 09 October 2008 The english news from 09 October 2008
UniCredit Leasing cuts back on project finance
The international financial crisis has caused UniCredit Leasing, the leading player on this market with annual funding worth 500 million euros, to cut back significantly on business project financing and turn down companies it would have granted loans to last year…
Romania's Finance Ministry plans to raise deposit guarantee limit to EUR 50,000
Romania's Economy and Finance Ministry (MEF) wants to guarantee bank deposits in the limit of 50,000 euros, up from 20,000 euros at present, the country's prime minister Calin Popescu Tariceanu announced…
Panic leads to suspension of stock exchange deals
Trading on the Bucharest and Sibiu stock exchanges was suspended yesterday, two hours after the trading session started, due to a plunge of market indexes. The BET index of the top 10 companies in terms of liquidity dropped 9.25 percent, as investors panicked due to a swift depreciation of U.S. and Asian stock market indexes.…
Romanian Banks Stop Interbank Lending On Market Rumors
The Romanian banks have stopped interbank lending due to market rumors, but the liquidity was ensured from other sources, the head of the National Bank of Romania supervision department Nicolae Cinteza said Wednesday…
The Bucharest Stock Exchange shifts back to green at rising bell, financial companies up 3%
The five financial companies in Romania known as SIFs posted a 3.25 percent hike after the first half an hour of trading, in line with the major European bourses, which opened in the green after central banks stepped in…
Romania's leu grows close to 3.80 against the euro helped by comeback of currencies in the region
Romania's leu appreciated to 3.80 versus the single European currency from 3.89 earlier today in line with regional drift, on high interests. The leu opened at 3.89 against the euro and then rose to 3.85 after the first half hour of trading. After a slight stagnation, it continued recovery to 3.8050…
Financial companies crash - Rising selling knocks out the BET-FI index in only 10 minutes
Financial companies at the Bucharest Stock Exchange (BSE) known as SIF plummeted 10 percent in just 10 minutes owing to increasing sale orders on reduced liquidity, which triggered general slump on the market…