Archive » September 2008 » 12 September 2008 The english news from 12 September 2008
BNR: New regulations to slow down lending by 10-12 percent
The new regulation for financial institutions, drafted by Romania's National Bank (BNR), is likely to lead to a 10-12 percentage points slowdown in lending by the end of the year, according to BNR officials. The new regulations are aimed to curb lending for individuals, especially, and to lower risks for both banks and clients…
Romania's central bank to carry on talks with notaries over future indicator of real estate market
The representatives of Romania's Central Bank (BNR) will meet again by the end of this month with representatives of the statistics body and of the public notaries to approve the final reading of draft to elaborate the indicator of the real estate market, said Ion Dragulin, one of BNR's directors…
Romania Old Apt Prices Seen Dn 30% By '09
Old apartments in Romania are seen 30% cheaper by the end of 2009, on higher supply, officials of realtor Neocasa Real Estate said Thursday. According to Georgiana Sandu, head of Neocasa residential department, new apartment prices will see a 5% increase during the mentioned interval…
Strategic Partnership with Korea
President Traian Basescu said on Thursday, at the end of the meeting with his South Korean counterpart Lee Myung-bak, that the Joint Declaration on Concluding a Strategic Partnership between Romania and the Republic of Korea was the first document of its kind Romania had signed with any country in the Asian Pacific area…