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…

Up