Archive » September 2009 » 30 September 2009 The english news from 30 September 2009
The decline in domestic demand cuts the key rate to 8%
The drop in prices, the decline in domestic demand, and the slight fluctuations of the exchange rate are the factors considered by the National Bank of Romania (BNR) for its decision yesterday to cut the benchmark rate by 0.5 percentage points, to eight percent from 8.5 percent…
Romanian Carmaker Dacia Grants RON110 Wage Hike, RON400 Bonus To Its Staff
The employers of Romanian carmaker Automobile Dacia will be granted a wage hike of 110 lei (EUR1=RON4.1851) and an average bonus of RON400 as of September 1, the company owned by French group Renault said Tuesday. "Last week the management board and the unionists had the second round of negotiations for 2009 regarding wages…
BNR monetary policy interest rate down 0.5 pc
The Board of Administration of the National Bank of Romania (BNR) decided yesterday to cut 0.5 percentage points the interest rate of the monetary policy, from 8.5 per cent to 8 per cent per year, starting on September 30, informs a press release remitted to the editorial office…
Political scandal to make Romania's loan more expensive
The political crisis surrounding the proposed sacking of Minister of the Interior Dan Nica could cost the Romanian economy tens of millions of euro. Next week, the Ministry of Public Finance is to launch a eurobond issue, worth between €500 million and €1.5 billion, and the high level of political uncertainty raises the country risk and related interest rates…