Archive » September 2009 » 08 September 2009 The english news from 08 September 2009
Business law decline up to 30% and salaries frozen
Frozen wages and recruitment (except for specific hiring), "much more flexible" tariffs, declines on the markets of up to 30 percent - this is the picture presented in 2009 by the business law market. "This crisis is clearly generating some moderation effects. These will intensify throughout this year, especially in the human resource sector…
Credit debt continues to increase
The debt for loans over RON 20,000 increased by 4.5 per cent in July, compared to the previous month, and by 82.8 per cent, compared to the end of 2008, totalizing RON 6.076 billion, according to data reported by the Banking Risks Central (BRC), of BNR, according to a press release sent to Nine O'Clock…
Romanian Economy Seen Growing 1.6% In 2010 - ING Bank
ING Bank Romania on Monday revised upward its forecast on Romanian economic growth to 1.6% in 2010 from 0.6% initially estimated, mostly supported by the evolution on international markets and by stimulating monetary policies on the local market. However, the bank revised downward its forecast on the economic growth in 2011, to 0.9% from 2.6% previously seen, due to a slow fiscal adjustment…
Interest rates on deposits could drop below key interest by year-end deposits
Interest rates on deposits will continue their downward trend, and should drop below the benchmark rate by the end of this year, according to analysts contacted by Business Standard. The National Bank of Romania (BNR) cut the key rate in August to an annual 8.5 percent from nine percent, in line with expectations…