Archive » September 2009 » 23 September 2009 The english news from 23 September 2009
IMF: The accord has stabilized the financial system
The Romanian financial system has stabilized. But, the banking market is still fragile. Pressure on the exchange rate has dropped significantly. But, the economy is too weak to sustain the strengthening of the currency. The Romanian lending market is showing signs of rebounding. But, banks will not be able to do very much to relax real economy lending conditions…
Dinu Patriciu, Georgian Ex-PM Buy 91% Stake In Georgian Bk For $15M
Romanian businessman Dinu Patriciu and Georgia's former premier Lado Gurgenidze have acquired control over the People's Bank of Georgia (PBG), after purchasing 91% of the lender's shares in a deal reported at $15 million. Liberty Investments Holding, owned by Patriciu and Gurgenidze, paid $15 million for a 91.218% equity interest in PGB, Georgian news agency InterPressNews reported…
Sarbu: Food market law to lead to significant price cuts
The coming into effect of the foodstuff market law would lead to price cuts of up to 30 per cent at end-consumer level, Agriculture Minister Ilie Sarbu told a press conference yesterday. 'We aim for the store, shelf, prices, to drop. Experts say that within months, prices may fall by up to 30 per cent,' Mediafax quoted Sarbu as saying…
EC presents on Tuesday financial report regarding EU budget in 2008
The European Commission presents on Tuesday the financial report on the budget of the European Commission in 2008. The document will show of what sums the EU member states have benefitted from from the EU budget in 2008 and in what fields spent were the 130.9 billion euros from the EU budget in the said year…
Patriciu: "In Georgia, I double my money twice as fast"
After confirming yesterday in Tbilisi the takeover of a 91 percent share package of the Popular Bank of Georgia together with Georgia's former Prim e Minister, Vladimer Lado Gugenidze, for €15 million, Romanian businessman Dinu Patriciu said that he chose Georgia because this is one of the most liberal countries in the world economically…