Archive » October 2008 » 15 October 2008 The english news from 15 October 2008
ING: A realistic exchange rate is closer to 4RON/EUR than 3 RON/EUR
The euro valued between 3.8 and 4 RON could be absorbed by the economy, and help adjust the external deficit, says Misu Negritoiu, CEO of ING Bank. "This is even a realistic exchange rate band for Romania, and would help improve competitiveness abroad…
Romania's stock market up 30 percent in two days
European stock markets made a strong recovery this week and gained more than 10 percent in only two days, while the quotations of the Bucharest Stock Exchange (BVB) surged 30 percent on Monday and Tuesday, reviving investors' hope…
Romania's banks sheltered from toxic and highly sophisticated products
Banks in Romania found ways to develop on the local market and to obtain attractive profit margins which provided cover from the so-called toxic products or sophisticated instruments that caused troubles to Western lenders, the country's central bank (BNR) governor Mugur Isarescu stressed…
Romania, Hungary To Connect Power Grids
Romania and Hungary will connect their power grids this year, and a similar action regarding natural gas networks might be conducted in 2099, Hungarian government's spokesman Bernadett Budai said Tuesday, cited by MTI…