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It’s official: NBR drops the first signal of an easing the monetary policy in today’s rate-setting session.
How much money do office-building owners in Romania pay to protect their properties against the risk of earthquake or even terrorist attacks? A question now on everyone’s lips right after a...
National Bank of Romania reported 3.34 bln (907 million euros) profit in 2008, seven-fold higher than a year earlier, which coupled with the three-month profit for 2009 offsets the losses recorded...
Provisions made by banks soared 40.1% in first four months this year, from 10.63 bln lei (2.54 bln euros), the majority of the provisions for non-accrual loans and loss loans exceeding the decline...
The real estate advisor CBRE|Eurisko has been appointed the exclusive leasing agent for SkyTower office building developed by Raiffeisen Evolution, which is expected to be the tallest building in...
In Romania, 100,000 phone numbers were ported, 70,845 in mobile telecommunication and 29,155 in the landline telephony, after 35 weeks since introduction of number portability facility, said ANCOM.
The benchmark exchange rate settled by the National Bank of Romania at 4.2067 lei per euro lowered 0.26 percent over yesterday, on investors' higher risk appetite, which also pushed other...
Microsoft, the local subsidiary of the largest software giant said its operations dropped 10-15% in fiscal year 2009 ending in July 3, according to Calin Tatomir, general manager Microsoft Romania.
Lending to small businesses will be a top priority for lenders, even if the central bank warns on the high risks they carry.
Auto Tivoli, dealer for Fiat and Fiat Professional brands, has invested 2 million euros in an Integrated Sales and Service Center with a gross surface of 5,000 sqm at Focsani, which created 50 new...
In 2008, online advertising market was worth 12.9 billion euros, with a like-for-like growth rate year-on-year of 20%. However, this advance of the industry could be very well replaced in 2009 by a...
Sony Romania, the local subsidiary of Japan-based electronic producer, recorded 15% growth in notebook PC sales from prior-year period, according to own statements.
The ranking of ten largest banks in Romania underwent five major changes, while the leading ten players lost 1.4% of the market.
OSMOTE Group signed in Bucharest an agreement for the acquisition of Telemobil, which administrates the mobile telecommunication network Zapp. The share purchase agreement was signed by Michael...
In first six months, the Bucharest Stock Exchange was marked by a dried up liquidity, while the transaction values brokered by the specialized companies have even halved in some cases.
Using tax hike as a weapon to fight recession and narrow the economic imbalances, comes at high inflationary costs, said the governor of NBR, Mugur Isarescu, adding that an increase in VAT could...
Ringier Romania is opening in mid of July a new online division. This division will consist of over 100 jobs and its leadership will be ensured on an ad-interim basis by General Manager Marius Hagger.
National Bank of Romania has established a benchmark exchange rate of 4.1892 lei per euro today, down 0.42 percent over the previous session, after the national currency rose constantly on the...
Romgaz signed a deal with Termoelectrica to take majority stake in Iernut thermal power plant whereby the gas producer will cut its debt of 160 million lei, in a debt for equity swap approved by...
In the first half of 2009, the total value of mergers and acquisitions market in Romania slumped 75%, corresponding to 18% drop in deal volume year-on-year, according to data provided by Raiffeisen...
Sotiris Marinidis (photo), former managing director of P&G Ukraine was appointed to head the group’s operations in Romania, succeeding Jose Antonio Medran.
Romania’s budget deficit stood at 2.7% of GDP in first six months this year, according to preliminary data, below the agreed cap with International Monetary Fund of 2.73% of GDP, minister of...
Aare-Tessin Ltd. for Electricity, member of Alpiq Holding Ltd has acquired the local energy provider EHOL Distribution.
The increase of contributions to second pillar private pension scheme, which was canceled in 2009 will have to be resumed soon after the soundness in the economic system takes hold, so as to reach...
The local online advertising industry had a different performance than most players had expected six months ago. Some of them speak about bloodshed in first quarter. However, things started to warm...
National Bank of Romania announced a benchmark exchange rate of 4.2032 lei per euro, 0.33 percent up on the previous session, on a decreased risk appetite of investors, which dragged down also...
Iberdrola, one of the world’s largest electricity utilities and renewable energy operators opened office in Romania in a building located in Polona street, central Bucharest.
Augusta Motors, official dealer of Saab in Romania, said its turnover slumped 30.4% in first quarter 2009 year-on-year to 2.461 million lei, according to the managing director of the company,...
At a first sight, the 100 pc rise in top 5 shares at Bucharest Stock Exchange may indicate that green shots of recovery are beginning to peep through. However, their performance reflects their...
Prime Minister Emil Boc said the cooperation with United States was a vital peg in bringing a sustainable and sound economic recovery in Romania.
Dacia carmaker said it expected to deliver 300,000 cars this year, up 23% from 242,415 cars a year earlier.
Wizz Air, one of the largest low-fare airline carried 720,000 passengers in first six months this year, 86% more compared to a year-ago statistics.
Ukrainian businessman Igor Kolomoisky will invest 100 million dollars the Ukrainian operations of Central European Media Enterprises, the parent company of PRO TV, CME said.
The bonds issued by International Bank for Reconstruction and Development were subject to trades worth 25.4 million lei (6.04 million euros) in today’s session of the Bucharest Stock...
The benchmark exchange rate established by the National Bank of Romania climbed insignificantly by 0.01 percent to 4.2036 lei per euro today, following a calm evolution of the national currency,...
Amid recessionary times, and sagging demand, wedding planners have no other choice but to cut prices. Agencies work with lower profit margins, but the real battle in wedding market will be in 2010,...
The official visit of Romanian minister of economy, Adriean Videanu to Azerbaijan, included talks with the president of the republic E.S. Ilham Aliyev focused on a possible cooperation between...
CR Firenze Romania, former Daewoo Bank, hiked losses by 22 percent year-on-year in 2008, to 11.12 million lei, despite the incomes had increased more than the spending, financial results show.
In the wake of financial crisis, automakers raced to cut prices, and increased the range of offers, but the sales continued to go down by as much as 50% in some cases on a yearly basis. The best...
Unemployment rate calculated for jobless persons aged between 15 and 74 but willing to work and sought jobs over the last month, climbed in first quarter 2009 by 1.1 pc from prior-year quarter, to...