Archive » October 2009 » 27 October 2009 The english news from 27 October 2009

  • ING could sell Romanian insurance division

    ING Asigurari de Viata could be sold, as part of ING Groep NV's plans to separate its insurance and banking businesses, but a decision regarding the amount or moment of sale has not yet been made, officials of the Dutch group told Business Standard…

  • Romania's Jan-Sept Budget Deficit At 5.1% Of GDP, Below IMF Cap

    Romania's consolidated budget posted a 25.56 billion lei (EUR1=RON4.2877) deficit, or 5.1% of the gross domestic product, after the first nine months, according to Finance Ministry data. In the January-September period, the consolidated budget revenues were of RON115.77 billion, down 6.7% on the year. Expenditure, on the other hand, rose 7.6% on the year to RON141.33 billion…

  • CEC Bank climbed on 7th place in banking system

    CEC climbed in the top banks, subject to assets, from the ninth to the seventh place, after the first nine months. The bank increased its market share from 4.3 to 5.51 per cent at the end of September, on the background of the increase of the credits balance by 11.2 per cent, to RON 9.1 bln, the bank announced, according to Mediafax…

  • Ministers of Croitoru Cabinet to be heard in Parliament as of Wednesday

    The ministers nominated for the Croitoru Cabinet will be heard in Parliament starting on Wednesday, in the expert commissions of the two chambers, Liberal Mihai Voicu announced after a joint meeting of the Standing Bureaus of the Chamber of Deputies and the Senate…

  • RBS launches mobile phone banking service

    RBS Romania has launched a new service for tracking RBS cash or debit card for a certain account via mobile phone - Phone Banking - that will enable clients stay in touch with their personal finances and conduct banking transactions, by calling RBS Call Center…

  • The United Kingdom ambassador wants to bring investors to Ford Craiova

    The ambassador of the United Kingdom to Romania, Robin Barnett stated in Craiova that in November he will come to Ford Craiova with several auto parts companies. The diplomat took place in a show organized by the Craiova TownHall on the occasion of 13th edition of the Days of Craiova…

  • €2 bln of foreign money pulled out of Romania in second quarter

    Foreign banks have reduced their exposure in Romania by over €2 bln in second quarter this year, to €84.19bln, when expressed in euro. However, expressed in dollars, banks' inflow in the country increased in Apr-Jun this year, according to data provided by the Bank for International Settlements…

  • Population and corporate deposits rise by 0.2 pct

    Resident non-governmental clients' deposits rose in September by 0.2 percent compared to August 2009, to the level of 161.695 billion lei, Romania's National Bank (BNR) announced on Friday. Population's lei deposits declined by 1.2 percent, to 59.014 billion lei. On Sept. 30, 2009 household lei deposits jumped by 17.3 percent (11.8 percent in real terms) as against Sept. 30, 2008…

  • Romania and NATO new strategic concept

    Drawing up the new strategic concept of the North-Atlantic Alliance, set to enter into force in 2010, on the occasion of the Lisbon Summit, and the importance of Art. 5 of the North-Atlantic Pact in the context generated by asymmetrical threats and by the missions assumed outside the Alliance's consecrated space…

  • Romanians, consulted by two separate ballots in referendum

    Romanians will receive two ballots at the referendum scheduled for November 22, by which they will be consulted about switching to unicameral legislature and to the reduction of the number of MPs to 300 at most, said interim minister of interior and administration Vasile Blaga in a news conference held at Victoria Palace…

  • The governing programme of the Croitoru cabinet includes the VAT and the flat tax at the present level

    The Lucian Croitoru government commits « to keep the income and profit taxes as well as the VAT at the present values - 16% and 19% respectively during the governing period » according to the governing programme presented to the Parliament by the designated premier…

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