January
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Banks will have more capital available for loans from January 1
As of January 1, the risks calculated by banks for mortgage credits will drop from 50% to 35%, according to the new Basel II rules. However, four main requirements have to be met - firstly,...
Bonus-malus system to be enforced on January 1, 2008
The bonus-malus system for the auto liability policies (RCA), which takes into account all the car accidents involving the holder of a policy, will be introduced on January 1st, 2008, in add...
January sees foreign deficit up 162% and investments down 44%
The surge in the current account deficit has been generated by massive imports made after the first month of EU integration, while the shrinking of investments has caused difficulties in fin...
Population refocuses on saving in January
The month of January confirmed the trend of the population to refocus on saving, after the last two years had shown that there was a big thirst for consumer finance. The maintained high inte...
Logan sales down 38% in January
Total sales of vehicles (cars and commercial vehicles) on the local market reached 14,326 units in January 2007, a 0.04% drop against the same period of last year. While the market did not s...
Henkel adhesive sales up 50% in January
Henkel Romania, the local subsidiary of the German group Henkel, saw a 50% increase of its adhesive sales in January compared with the same time last year, thanks to the favourable weather a...
Inflation drops to a 4% low in January
The increase in consumer prices stood at 0.2% in January, and the annual inflation at a mere 4%. The annualised inflation figure (for the last 12 months) dropped almost 0.9 percentage points...
Profi network sees 12% sales increase in January
The expansion of the Profi store network will bring the company's business to 70 million euros at the end of the year, 33% more against the value seen in 2006, according to estimates of the...
Raiffeisen Bank's No. 2: Best January ever
"For the first time in my career as a banker, January is as good as December was, which is usually a record month," says Marinel Burduja, first vice-president of Raiffeisen Bank, who is in c...