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The number of companies filing for bankruptcy in 2008 surged 126 percent to 14,157 from a year earlier and is expected to peak by doubling or tripling this year, declared for NewsIn...
The budget revision adopted by the Romanian Cabinet the past weekend triggers an average inflation of 5.8 percent this year, up from the previous 5 percent target included in the former...
NBR governor, Mugur Isarescu held yesterday a speech at Romanian Academy. He stressed that it would have been much easier to Romania to battle crisis if the government had ran a surplus in...
Power company E. ON Romania agreed with the trade unions to start this month two programs to cut staff, one of voluntary leaves and the other of anticipated retirement, according to a...
Rating agency Moody’s downgraded the bank financial strength rating of Societe Generale to ‘C+’ from ‘B-‘ and affirmed SG's long-term debt and deposit...
Romanian National Securities Commissions said it would lay the groundwork for a exchange-traded platform for contracts for difference. While Sibex has already submitted the project for...
BCR Fond de Pensii could absorb the smallest private mandatory pension funds on Pillar II administered by OTP and Prima Pensie, as the talks have been on for several months, declared several...
The central bank BNR pinned the leu at 4.1736 over the euro, a drop for the third day in a row, owing to a regional drift stirred by negative news on retail sales in the U.S. in March, NewsIn...
The government consented to raise the contribution level for the mandatory private pension funds from 2 percent at present to 2.5 percent of the gross salary in 2010, one year later than...
Romanian drug producer Biofarm expects a net profit of 14.16 million lei this year, after the 21.3 million lei losses recorded in 2008, NewsIn informs.
Banca Romaneasca said it expected a 25% increase in its retail deposits and 10% in assets volume in 2009. The lender’s prior projections indicated 2.8 bln euros in assets.