Archive » October 2009 » 02 October 2009 The english news from 02 October 2009
S & P May Cut Romania's Rating If IMF Pledges Not Met
Standard & Poor's may downgrade its sovereign rating on Romania if political events will lead to misfires in fulfilling its commitments for fiscal and economic strengthening, as agreed with the International Monetary Fund and the European Commission, agency's analyst Marko Mrsnik said Thursday.…
Cosmote enters the corporate landline phone market
Cosmote Romania, the third-largest telecom operator in terms of number of users, plans to consolidate its business client base through an integrated fixed and mobile phone service, Private Wire, addressing companies. Thus, the operator enters a market dominated by Romtelecom, the largest landline phone operator in Romania in terms of number of users, member of the same Greek OTE telecom group, in search of a stable source of revenues.…
IMF curbs forecast of Romania's current account deficit in 2010
The International Monetary Fund (IMF) on Thursday revised downward its forecast of Romania's current account deficit in 2010, to 5.6 pc, according to the World Economic Outlook (WEO), Mediafax reports.…
Economic effects of the resignation of PSD ministers
The ruling coalition, which included the Social Democratic Party (PSD) and the Democratic Liberal Party (PDL) split yesterday, after all PSD ministers handed in their resignations. The decision to leave the government comes in response to the fact that President Traian Basescu accepted the removal from office of Dan Nica, Deputy Prime Minister and Minister of the Interior.…
Romanians rank world's top three in English Language Testing
Romanians have ranked top three in the International English Language Testing System (IELTS), in 2008, in written communication and understanding written messages, reads a press release sent to Agerpres.…
Romania Plans To Sell RON6B State Treasuries In October
Romania's Finance Ministry plans to sell 6 billion lei (EUR1=RON4.1981) worth of state treasuries in October, more than the RON4.2 billion it sold in September. The ministry has scheduled four treasury bill issues and two bond issue sales for October.…