Archive » September 2008 » 24 September 2008 The english news from 24 September 2008
Romanians buy old, small and expensive apartments
Romanians are mostly purchasing old apartments, built before the fall of communism, in 1989, although their prices increased tenfold compared to early 1990s. Old apartments are an average 47 years old, compared to the 30 years average in the European Union, and their area is only half of those built in residential complexes in recent years…
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…
Romanian Labor Min Resigns, PM Accepts Resignation
Romanian Prime Minister Calin Tariceanu announced that labor minister Paul Pacuraru resigned. Tariceanu said he accepted the decision and he will soon nominate a replacement…
Bank deposits rose slower in August, on trend with sluggish credits
Deposits made in lei or in foreign currencies slowed down in August to a 30.9 percent increase rate, from 35.2 percent in July, reaching 141.33 billion lei, as reserves in foreign currencies also decreased considerably…