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19. 11. 09. - 11:00

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19. 11. 09. - 11:00

Parent banks to keep their exposure to Romania, IMF says

Mediafax

The parent banks of Romania’s top nine lenders have reaffirmed their commitment to keep their exposure to the country and ensure capital adequacy levels over 10 per cent for their subsidiaries, the International Monetary Fund has said.

Officials of the parent banks met in Brussels yesterday (Weds) with representatives of the Romanian central bank, the IMF, the European Commission and other international lenders to review the commitments assumed by the nine banks regarding total exposure to Romania.

"These banks have reaffirmed their intention to act to meet their commitments. In this respect, banks emphasized the need for the availability of appropriate investment instruments," the IMF said following the meeting.

It said the parent banks' exposure to Romania was broadly maintained to the levels recorded at the end of March, with a few exceptions, when exposure "temporarily fell below the agreed level."

Almost half of Romanians live in poverty
Almost half of the Romanians (8.89 millions) are at risk of poverty or social exclusion, according to Eurostat data published today (Weds).

Police carry man off the snow and save his life
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New government with same eight former ministers proposed
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Forty-one dead in freezing weather
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EC report on Justice is positive, minister says
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Pink Martini concerts in Bucharest
American orchestra Pink Martini will give a concert in Bucharest on 26 May at the Palace Hall, part of the promotional tour for their latest album "A Retrospective", local organisers Events said today (Weds).

Romania's industrial output up
Romania's industrial output increased by 15.6 per cent in 2011, the National Statistics Institute (INS) said today (Weds).

Father tried for abusing four-year-old girl
A Romanian father was sent to trial for abusing his stepdaughter, aged only 4, prosecutors said today (Weds).

Pitch in best condition for Steaua-Twente match, authorities say
The pitch for the Europa League match Steaua Bucuresti - Twente Enschede will be in optimal condition, the Bucharest town hall promises, after criticism of the National Arena turf.

More Romanian tourists travel to Austria
The number of Romanian tourists to Austria rose last year, after two years of a decline, Austria's National Tourism Office in Romania announced today (Weds).