http://business-review.ro/ Business Review - Money en-us Business Review Sat, 04 Feb 2012 01:00:01 +0200 http://cyber.law.harvard.edu/rss/rss.html 60 http://business-review.ro/money/arrears-of-imf-monitored-soes-decreased-by-15-percent-to-eur-1-9-bln-in-2011/13281/ The Romanian Ministry of Economy, Commerce and Business Environment (MECMA) has reduced the level of arrears in 8 state-owned companies (SOES) monitored by the IMF to EUR 1.9 billion last year, although the operational loss target was missed by 7 percent.  Ovidiu Posirca http://business-review.ro/money/arrears-of-imf-monitored-soes-decreased-by-15-percent-to-eur-1-9-bln-in-2011/13281/ Fri, 03 Feb 2012 16:34:00 +0200 http://business-review.ro/money/romania-s-forex-reserves-fall-eur-500-mln-to-eur-32-6-bln-in-january/13274/ Foreign reserves of the National Bank of Romania (NBR) stood at EUR 32.6 billion at end-January, down around EUR 500 mln from the previous month. Ovidiu Posirca http://business-review.ro/money/romania-s-forex-reserves-fall-eur-500-mln-to-eur-32-6-bln-in-january/13274/ Fri, 03 Feb 2012 14:31:00 +0200 http://business-review.ro/money/romania-s-key-interest-rate-lowered-to-5-5-percent/13270/ The National Bank of Romania (NBR) slashed the key interest by 0.25 percent to 5.5 percent. The annual rate on the deposit facility will be cut to 1.5 percent, while the overnight rate will be 9.50 percent. Ovidiu Posirca http://business-review.ro/money/romania-s-key-interest-rate-lowered-to-5-5-percent/13270/ Thu, 02 Feb 2012 18:58:00 +0200 http://business-review.ro/money/operational-leasing-market-forecasted-to-grow-by-15-percent-this-year/13265/ Operational leasing companies association (ASLO) estimates the leasing market will increase y/y by 15 percent to 43,000 units in 2012, continuing the growth trend registered in 2011, when the yearly increase was 17 percent. Ovidiu Posirca http://business-review.ro/money/operational-leasing-market-forecasted-to-grow-by-15-percent-this-year/13265/ Thu, 02 Feb 2012 12:37:00 +0200 http://business-review.ro/money/stock-exchange-review/13258/ This week the markets were awaiting the outcome of the Federal Reserve meeting on Wednesday and the ongoing negotiations between Greek authorities and private bondholders. In Romania the market followed the developments of the international markets and moved higher, led by the Property Fund (FP), OMV Petrom (SNP) and SIF Oltenia (SIF5) with gains of 5 to 6 percent. The Ministry of Economy gave the promoting rights of the long awaited Romgaz IPO to the consortium formed by Goldman-Sachs, Erste-BCR, and Raiffeisen Capital&Investment. http://business-review.ro/money/stock-exchange-review/13258/ Wed, 01 Feb 2012 14:11:00 +0200 http://business-review.ro/money/local-banking-market-faces-up-to-challenges-and-changes/13248/ The local banking system has been going through a period of significant challenges and changes as a result of the international turmoil in the past few months. New faces in the top management of some institutions and Austrian lenders’ intention to diminish their exposure to the Eastern Europe market are the hottest issues on the local banking market now. Anda Sebesi http://business-review.ro/money/local-banking-market-faces-up-to-challenges-and-changes/13248/ Tue, 31 Jan 2012 12:18:00 +0200 http://business-review.ro/money/imf-returns-to-romania-for-new-review-mission/13229/ A joint team from the International Monetary Fund, European Commission and the World Bank arrived last week in Romania to conduct the fourth review under the EUR 5 billion stand-by arrangement. Ovidiu Posirca http://business-review.ro/money/imf-returns-to-romania-for-new-review-mission/13229/ Fri, 27 Jan 2012 20:28:00 +0200 http://business-review.ro/money/visa-pos-transactions-gained-30-percent-in-2011/13216/ Transaction made with Visa cards increased by 30 percent at point of sales (POS) in the fiscal year that ended on September 30 2011. The overall growth in POS transactions for Romania was 20 percent. Ovidiu Posirca http://business-review.ro/money/visa-pos-transactions-gained-30-percent-in-2011/13216/ Fri, 27 Jan 2012 11:54:00 +0200 http://business-review.ro/money/romania-s-budget-deficit-stood-at-4-3-percent-in-2011/13215/ Last year closed with a budgetary deficit of 4.3 percent of GDP, or RON 23.8 billion, said the Ministry of Public Finance. Ovidiu Posirca http://business-review.ro/money/romania-s-budget-deficit-stood-at-4-3-percent-in-2011/13215/ Fri, 27 Jan 2012 08:39:00 +0200 http://business-review.ro/money/goldman-sachs-included-in-consortium-that-intermediates-romgaz-bse-listing/13209/ A consortium of Erste Group Bank, Goldman Sachs, BCR and Raiffeisen Capital & Management, will be intermediary in the SPO of Romgaz on the Bucharest Stock Exchange (BSE). The Ministry of Economy will seek to sell a 15 percent stake on the BSE. Ovidiu Posirca http://business-review.ro/money/goldman-sachs-included-in-consortium-that-intermediates-romgaz-bse-listing/13209/ Wed, 25 Jan 2012 18:29:00 +0200