Archive » September 2008 » 23 September 2008 The english news from 23 September 2008
Real estate developers in Romania face hardship in obtaining finance, businessmen say
Romania's constructions sector currently faces a rise in prices for raw materials and difficulties in getting finance from banks, according to Florin Pogonaru, president of the Businessmen Association in Romania (AOAR)…
Romania expected to weather the international financial storm well
"Investors no longer trust the institution of the investment bank. Goldman Sachs is attempting to prevent a total loss of faith. Without naming names, further bankruptcies are possible, not only in the financial area, but also among corporations, as financing becomes more expensive," according to a declaration for Business Standard by Nicolae Alexandru-Chidesciuc, Senior Economist of ING…
Banks' thirst for RON raises deposit interest rates to almost 11%
Bankers face strong competition on deposits attracted rather than on sale of credits, after the RON excess on the interbank market dried up. Banks paid average interests of almost 11% a year in order to attract deposits for periods longer than a month from the population, show the NBR statistics for July…
Romania's Distrigaz Sud Asks For 12% Hike For Household Gas Price
Romanian gas distributor Distrigaz Sud requested on Monday a 12% increase for household gas prices as of October 1, due to higher distribution costs, the president of the industry commission within the Chamber of Deputies, Iulian Iancu told Mediafax…