romanian banks
& stock exchange
The authorities are committed to the privatisation of the public banks, and in
particular to two of the smallest banks in 1998, which were to be followed by
three larger banks in 1999. However, the process has faced many delays. The sale
of the first state-owned bank was to take place in 1997 according to the original
agreement with the World Bank. In the aftermath of the Russian and Asian crisis,
it has been hard to implement the bank privatisation programme on schedule and
according to financial conditions anticipated by the authorities.
Acceptance of foreign securities on Romanian capital markets, transactions with
money market instruments, transactions in the deposit accounts opened in Lei by
non-residents, as well as most of the capital transfers by residents abroad remained
subject to authorisation. Financial supervision as regards credit institutions
is carried out by the Central bank.
Elsewhere in the financial system, progress has been made in capital market development.
The Bucharest Stock Exchange (BSE), whose trading on shares in larger enterprises
had increased only modestly until 1999, has been joined by a new RASDAQ (modelled
on its North American counterpart, the NASDAQ). Over the medium-term, it is hoped
that RASDAQ will act as a source of new capital for growing businesses. Activity
in both BSE and RASDAQ has risen sharply this year (2006).
Information & Links
romania news
romania news
romania news rss feed
romania news
romania news rss feed
romania news
romania news rss feed
romania news
romania news rss feed
romania news
romania news rss feed
romania news
romania news rss feed
Romania property news
Romania property news
Romania property news
Romania property investment
Romania property investment news property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property romania
property for sale bucharest
property for sale bucharest
property for sale bucharest
property for sale bucharest
romania property investment
romania property investment
romania property investment
romania property investment
romania property investment
Property Romania
Property Romania
Property Romania
Property
Romania
Property
Romania
Property Romania
Property Romania
Property Romania
Property
Investment Romania
Property
Investment Romania
Property
investment Romania
Bucharest property
Off plan property
Romania
Off plan property
Romania
Property for sale Romania