Archive » October 2008 » 23 October 2008 The english news from 23 October 2008
Rates on the Romanian money market remain at 100%, but few transactions are closed
Speculations on Romania's national currency, the leu, and the set-up of mandatory minimum reserves drove up interest rates on the interbank market to 100 percent, but the only transactions concluded are swap contracts of nonresidents, according to dealers…
Isarescu tries to calm the stormy financial market waters
A veritable quake on the Romanian financial market: interest rates on the SWAP market soared 500 percent, while the Bucharest Stock Exchange (BNR) regained 15 percent of lost ground. Analysts attribute this to a need for liquidity…
Isarescu tries to calm the stormy financial market waters
A veritable quake on the Romanian financial market: interest rates on the SWAP market soared 500 percent, while the Bucharest Stock Exchange (BNR) regained 15 percent of lost ground. Analysts attribute this to a need for liquidity…
A return to basic economic business principles will tame the crisis, says Petrom's CEO
Mariana Gheorghe the chief executive of the largest domestic company - Petrom, believes Romania is sheltered from the financial crisis because of the level of cautiousness the banking sector was built around…
Banks fight for Romanians' money using unorthodox metods
In a period in which the subject of the financial crisis started to be debated even on Sunday at the church, when the new norms of credit direct the banking market in a much expected normality and the European officials seem to be more preoccupied than ever to bring order in this sector, the Romanian banks pay more and more attention to the money of Romanians…