News » March, 2013 » 29 March 2013
Japan Credit Rating reconfirms Romania’s rating
29.03.2013, 14:40 | Finance-Banks | 2156 views
Rating agency Japan Credit Rating reconfirmed Romania’s BBB- rating with a stable outlook, for long-term liabilities issued in foreign currency, and also the BBB rating with a stable outlook for long-term liabilities issued in local currency, according to the website of the Ministry of Public Finance (MFP). Romania’s rating is justified primarily by reducing the budget deficit through structural reforms, low public debt and maintaining of commitments under the Stand-By Agreement with the International Monetary Fund. Analysts of Japan Credit Rating believe that the gross domestic product of Romania will register an increase of 1-2 percent in the years 2013 and 2014, based on the positive expectations related to the evolution ofexports after the European economic recovery, as well as based on increases in domestic demand and investments of from EU funds. Read more on Financiarul.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
