Archive » October 2008 » 14 October 2008 The english news from 14 October 2008
How Romania's oldest brewery turned into a giant
Timisoreana, the oldest brewery in Romania, was the third option of South Africa's SABMiller when it decided to enter the domestic market. At present, however, the centre in Timisoara is undergoing a 50m-euro investment programme that will triple production and is "providing" the best-selling beer of Romania…
BNR Governor delivers harsh criticism
The exchange rate of Romania's national currency has been based on unrealistic quotations in the past few days, and the central bank will not allow any unjustified depreciation, was the warning issued yesterday by Mugur Isarescu, Governor of the National Bank of Romania (BNR), in one of the harshest speeches he delivered since assuming his current mandate at the helm of the institution…
French lender Societe Generale pays lei 760,000 for BRD shares, following massive drop on BSE
French lender Societe Generale, the majority owner of Romania's second lender by assets BRD SocGen, bought a share package belonging to BRD worth 760,000 lei on the Bucharest Stock Exchange (BSE), after the bank's shares were strongly affected by the crisis in the financial sector…
99.2% Of Romanian Bank Deposits Below EUR20,000 Guarantee Threshold
Central bank governor Mugur Isarescu said Monday that 99.2% of Romanian bank deposits are below EUR20,000, adding that an increase in minimum deposit guarantee was not necessary, but the authorities are obliged to comply with the European Union norms…