Archive » October 2008 » 20 October 2008 The english news from 20 October 2008
Romanian capital market watchdog asks SIF Transilvania to report on effects of annulled capital hike
The capital market watchdog CNVM requested from financial company SIF Transilvania (SIF3) an urgent report on the effects of the irrevocable invalidation of the decision to raise share capital last spring…
Consumer loans growth slows down from 80% to 52%
The annual growth of consumer loans slowed down to 52% in August, after reaching an almost 80% peak in February. Consumer financing reached 68.5 billion RON (equivalent to 19 billion euros) at the end of the summer. In fact, from February to August, the growth rate saw a constant slowdown amid an unfavourable base effect…
Analysts: Swiss franc loans to be refinanced in euro and lei
Swiss franc-denominated loans, which made up some 15 percent of total population loans, were excluded from offers by banks, as this is the loan product most affected by the implementation of restrictive lending regulations imposed by the National Bank of Romania (BNR) and by the international crisis…
Energias De Portugal Group Buys Two Romanian Wind Power Cos For EUR8.4M
Energias de Portugal Group (EDP), the world's fourth-largest wind project developer, paid EUR8.4 million to Cyprus-based Renovatio Group Limited for 85% of shares in Romanian companies Renovatio Power and Cernavoda Power, which unfold wind power projects totaling 736 megawatts (MW)…