Archive » October 2008 » 30 October 2008 The english news from 30 October 2008
Cristian Popa, NBR: S&P's decision, difficult to anticipate
Standard & Poor's decision to downgrade Romania's rating was difficult to anticipate, as the economy in its entirety is no more vulnerable than the economies of comparable countries, the vice-governor of the National Bank of Romania, Cristian Popa said yesterday…
Standard & Poor's downgrades credit rating of No.1 lender Banca Comerciala Romana to 'BB+'
Standard & Poor's Ratings Services lowered the long-term credit rating on Romania's largest bank by assets Banca Comerciala Romana (BCR) to 'BB+' from 'BBB-' keeping the negative outlook…
AFI: Banks will only lend money to major clients
Banks will keep financing real estate projects of major developers, especially if they had previous lending contracts signed. New investors and those with low financial power, instead, will have difficulties in getting financing for their projects…
Counteracting money laundering
The Romanian Private Pension Supervisory Commission (CSSPP) has launched in public debate the project of the norm related to meaures for preventing and combating money laundering and the financing of terrorism acts in the private pension system…
Bulgaria, Romania seek EU financing for danube bridge repairs
Bulgaria and Romania would jointly seek funding from the European Union for the modernisation and rehabilitation of the only bridge across the Danube River between the two countries, website stroitelstvo.bg reported, quoting participants in a commission of experts overseeing the bridge's maintenance…
Vosganian: Public sector salaries, 30 percent higher than those of private sector employees
Public sector salaries have come to exceed those in the private sector by 30 percent, even though private companies' employees are actually those who "pay" the salaries of those working in the public sector, says Finance Minister Varujan Vosganian…
BCR posts a staggering 70 percent profit for the first nine months
The sale of Asiban doubled the profit growth rate rhythm in the first nine months for Banca Comerciala Romana (BCR), Banca Romana de Dezvoltare (BRD), and Banca Transilvania (BT), three of the banks who, together with state-owned Casa de Economii si Consemnatiuni (CEC) each sold a quarter of their holding in the insurer to the French Groupama insurer…
Romania's real estate market to recoup from financial crisis in 2011 when speculators vanish
The local real estate market will escape the crisis at the debut of 2011 when it reaches maturity and investors no longer cash profits following speculations, but from developing lasting projects, said the executive manager of real estate developer Futureal Group, Gabor Futo…
Romania Ranks 3rd In EU Econ Sentiment Top In Oct
Romania ranked third in a European Union top on the economic sentiment indicator, or ESI, on the month in October, down 1.3 points to 103.7 points, EU said in a report Thursday. Bulgaria ranked first with 110.3 points, while Poland scored 105.3 points…