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Romanians have saved up more than five billion Euros, since the beginning of 2009
Time deposit accounts of the population rose in the last nine months by 20.9 billion Lei, which means approximately 5 billion Euros. The greatest rise was recorded among citizens in the capital city, Bucharest, who cumulated, during this time, deposits of 7.7 billion Lei. Analysts consider this was possible because of the salary and pension increase in 2008 and the rate of interest offered by financial institutions. Time deposits in banks advanced due to the increase of savings in the... citeste mai mult
Romania’s currency exchange rate could remain stable until the presidential elections in November
In 2009, the Romanian currency could have the lowest volatility rate yet. BCR bank analysts in Romania are expecting a steady exchange rate, at least until November, just before the presidential elections. The bank’s research department is expecting a 4.2 Lei/Euro course for 2009, 4.1 Lei/Euro for 2010 and 4 Lei/Euro for 2011. “The Romanian currency could show one of the lowest volatility rate compared to the last three years. It is very important that we avoided the... citeste mai mult
Banks still await clarifications about the “First House programme”
The first loan contract for the “First House” programme was signed on the 8 th of July, and BRD Romania is the first banking institution which signed the first warranty convention with the Romanian state. The other credit institutions wait their turn, but not before the Warranty Fund clarifies a series of obscure points in the treaty. The Romanian government received offers from 20 banks for credits, in total value of 1.4 billion Euros, over the maximum warranty ceiling... citeste mai mult


