Archive » October 2008 » 29 October 2008 The english news from 29 October 2008
Standard & Poor's has downgraded Romania's rating to BB+, with negative outlook
Financial rating agency Standard & Poor's has lowered its long-term foreign currency sovereign credit rating to "BB+" from "BBB" and to "B" from "A-" for short-term foreign currency sovereign credit. The outlook is negative in both cases…
Annual advance for lending to slow down to 15% in 2009, Romania's central bank vice governor deems
Romania's Central Bank (BNR) estimates the annual growth rate for lending will temper to 15 percent next year, over this year's advance of more than 60 percent, said BNR vice governor, Cristian Popa…
Becali expects land prices to double in five years
Businessman George Becali, owner of the Steaua soccer club and one of the top land owners in Bucharest, said he was no longer interested in acquisitions since the outburst of the crisis, but is not willing to lower prices for land he plans to sell, although he currently has no buyers…
20% of the new adherents chose BCR
The company BCR Administrare Fond de Pensii draws monthly over 20% out of the total of new contracts signed for the mandatory private pension system (2nd Pillar). According to the data supplied by NHPOSIR, during the last six months over 7.000 persons have joined to the fund administrated by BCR…