20. 11. 09. - 16:00

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20. 11. 09. - 16:00

Romania improves credit default risk

Romanian Times

Romania is no longer among the world’s 10 riskiest issuers of sovereign bonds as its credit default risk improved over the third quarter of 2009 a report from London-based Credit Market Analysis (CMA) showed today (Fri).

The country now ranks 12 out of 63 governments, with a cumulative probability of default (CPD) of 14.2 per cent over a reference period of five years.

Norway is the world's safest issuer of sovereign bonds, with a CPD of 1.5 per cent, followed by Finland (1.8 per cent) and the US (1.9 per cent), CMA said.

The group said Ukraine presents the highest probability of default (53.7per cent), followed by Argentina (52 per cent) and Venezuela (51 per cent).

Inflation reaches two-years high
Romania's annual inflation in August rocketed to 7.58 per cent, the highest figure in the last two years, the National Statistics Institute (INS) said today (Fri).

FDI drops by a third
Foreign direct investments (FDI) in Romania dropped by 36 per cent to 1.9 billion Euros in the first seven months of this year, the central bank said today (Fri).

ING to invest 250mn Euros in regional centre in Transylvania
ING Group is to invest 250 million Euros in the following ten years, for the development of the newly opened regional services centre, in Cluj-Napoca, Transylvania, company officials have announced.

Pharma market boosted in Q2
The pharma market in Romania registered a boost in the second quarter of this year, a report by marketing and sales reports company Cegedim showed yesterday (Thurs).

Romanian TV boss arrested
The owner of TV channel Realitatea TV, Sorin Ovidiu Vintu, and two other people have been put under preventive arrest for 29 days.

Eric Besson: There is no competition between France and Romania
French Immigration minister, Eric Besson, said yesterday (Thurs), during his visit to Bucharest, that there was "no competition" between France and Romania.

Austrian motorist dies in Romania
An Austrian motorist has died while on holiday in southern Romania, according to local press reports.

Cocaine found in shipped party game
A Romanian tried to smuggle almost one kilo of cocaine into Austria from Costa Rica hid in a party game, the Austrian Times has reported today.

Romanian company bosses, last in income rankings
Romanian company bosses have been identified as bottom lights in a European comparison made by Vienna-based business consulting agency Kienbaum Management Consultants, the Austrian Times has reported today.

Romania tries to cover medical-personnel deficit
After the departure of thousands of doctors and nurses from Romanian hospitals for salaries up to ten times higher abroad, leaving a deserted medical system in Romania, the Health Ministry has finally announced new hires in the sector.