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).

New West Nile virus infections confirmed
Romania has confirmed eight new infections with the mosquito-borne West Nile virus, the Health Ministry said today (Fri).

Six new ministers appointed today
Six new ministers have been appointed in the Romanian government and they are going to make an official oath today (Fri).

Money raised in charitable stars match
Over 134,000 Euros have been raised in an all-stars charitable football match in Bucharest.

Internet fraud involving sale of a laptop
A Romanian was arrested after he sent paper instead of a laptop after an internet auction, police said today (Thurs).

Twenty-five people accused of real-estate fraud
A bank manager, three lawyers and an official at the Properties Registry are under investigation by special brigade police DIICOT for real-estate fraud amounting to up to one million Euros, it was revealed today (Thurs).

Romanians buying fewer presonal-care and cleaning products
Hit by the economic crisis, Romanians are buying fewer personal-care and cleaning products, results of a new survey by GfK show.

British paedo´s previous victims speak up
Previous victims of James Connor, who was arrested on child-sex charges in Romania last week, are coming forward to expose his past, the Daily Record has reported.

Romania´s government to have some new ministers
Romania's government will have some new ministers, according to Prime Minister Emil Boc.

BCR launches real estate portal
Austrian Erste's Banca Comerciala Romana (BCR) launched today (Weds) the first real estate offers website managed by a bank, in Romania.

Romania´s foreign exchange reserves dropped by 26mn euros in August
Romania's foreign exchange reserves dropped to 31.55 billion Euros in August, from 31.58 billion Euros, the central bank announced today (Weds).