Archive » September 2009 » 10 September 2009 The english news from 10 September 2009
Isarescu: It's time Romania returns to saving
Romanians must return to saving in order to be able to support long-run investments, but not too suddenly, so as not to jeopardize the economic rebound. This is the main conclusion of the speech and ensuing debate given yesterday by the Governor of the National Bank of Romania (BNR), Mugur Isarescu…
Romanian Ctrl Bker Says Economy Will Revive As Of Q3 Or Q4
The Romanian economy will return to growth in the fourth quarter, if not even in the third quarter, on a favorable base effect, central bank governor Mugur Isarescu said Wednesday. "The economy will revive in the third or fourth quarter. If not in the third, then most certainly in the last quarter, due to the base effect,"…
Household appliance and DIY retailers want to benefit from the "First Home" program
The launch of the government's "First Home" program could benefit not only the banking and real estate sectors, but also the household appliance market, whose players hope to see a rise in sales, and the Do-It-Yourself (DIY) segment, with the OBI retailer launching its own sales campaign…
ING: The economic re-launching will be "U" shaped
The economy of Romania will have, most probably, a "U" shaped re-launching, but there are significant risks connected with a "W" scenario, according to an ING analysis, Mediafax informs. In this context, the main influential factors are the global economy and the implementation of the fiscal policy measures at local level …