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Banca Comerciala Romana (BCR) registered a net profit after tax and minority interests of 330.3 million lei (78.3 million euros) in the first quarter of 2009, down 13.7 percent on the similar...
Romania's economy could idle next year after a 4 percent contraction in 2009, as the only sector to post an increase is the construction sector, according to a prognosis for the period 2009...
Approximayely three quarters (78%) of the companies update their IT audit plans annually, although the risk assessment should be an ongoing process.
Peugeot, one of the largest French-based car manufacturers has decided to move its stocks from Romania to other markets, in the search for higher consumer demand, helping Trust Motor importer to...
Romania's leu advanced in tune with the regional currencies in the first part of the day. The central bank NBR posted a benchmark exchange rate of 4.1835 lei per euro, up 0.33 percent over the...
Banca Transilvania lender reported a pre-tax profit of 1.02 million lei in first quarter (240,000 euros), down by 98% from 60.26 million in prior-year quarter, the bank announced.
Lufthansa, one of Europe’s leading airline carriers reported operating loss of 44 million euros in the first three months of 2009.
NBR opened probe into the banking system in February, suspecting lenders’ failures to meet the regulatory framework, through which the 2008 loan provisions were transferred to 2009 financial...
Hostels, or better-said the cheaper version of boutique hotels, face an uphill climb where competition gets more intense and fiercer worldwide, sky rocketing to billion euros annually. In Romania,...
The general manager of steel maker ArcelorMittal Galati, Augustine Kochuparampil, asked the government today to accelerate infrastructure works in order to rise the internal steel consumption and...
Retail chain Real Romania, part of Germany’s Metro Group, is set to allot some 60 million euros to open three new hypermarkets this year, defying the economic crisis, GM of the Real network...
Romania's Central Bank (BNR) posted a benchmark exchange rate of 4.1920 lei per euro today, up 0.20 percent versus the previous session, as the national currency idled near 4.19 in the early...
Networking websites and other Internet communication platforms, such as Facebook, LinkdIn or Second Life will be the new sources used by HR specialists to locate or recruit personnel, insiders say.
Local law firms Badea & Asociatii and Clifford Chance, one of the biggest players in local market agreed to merge as of May 1, after functioning in association as of 2006.
Shareholders of Generali Insurances have decided to raise common capital by 8% to 129.45 million lei, by issuing 94.5 million nominative shares at a nominal value of 0.10, insurer announced.
Romania’s state-owned hydropower producer Hidroelectrica will put up for sale 19 micro hydropower plants this months, out of which 10 are at their third bid, according to company data, NewsIn...
European Commission projects a 4% contraction of Romanian economy and economic stagnation in 2010, in its spring revision, EC’s view being roughly similar to IMF’s and National...
Michael Krahn will fill the CEO seat of Praktiker Romania DIY retailer as of May 1, replacing Guenter Vosskaemper (photo) after 7 years of leadership.
All business fields are feeling the pinch of recession although its impact differs from one sector to another. Niche business, or businesses that produce necessary products that consumers cannot go...
Incomes of state assets recovery body (AVAS) were cut by 87 percent in the first quarter compared to the similar period last year, to 49.58 million lei, according to data provided by the company,...
The president of the state assets recovery body (AVAS), Mircea Ursache, was unanimously chosen today head of the supervisory council with the Proprietatea Fund, NewsIn informs.
Gi Group, Italy’s leading human resource company acquired earlier this year the majority stake in recruiter Barnett McCall Recruitment.
BRD SocGen (BSE: BRD), Romania’s second biggest bank reported net profit of 210 million lei, (49 million euros), down 19% from prior-year quarter following credit-risk related expenses.
Introduction of poll tax, stock market rally and economic projections are only a few of April’s hot topics that lifted Wall-Street newswire ranking to top business publications for the eight...
The national currency of Romania ran up to the top notch of the past three weeks to 4.1650 over the euro at the benchmark exchange rate, helped by a good regional feeling, NewsIn informs.
The net profit of Romania's state-owned gas company Romgaz dipped 31 percent to 208.6 million lei in the first quarter of the year compared to the similar period of 2008, on a drop in sales and...
NBR will cut the benchmark lending rate down to 9% by the end of the year, from 10%, as inflation rates will soar to 5.4% topping central bank’s projections, said BCR’s senior...
The number of new car registrations in the first quarter this year reduced by 11.8 percent over the similar period last year while registrations for commodities transportation cars fell by 41.6...
The retail loans granted by ING Bank Romania contracted by a third in first quarter versus prior year period, while the overall loan book dropped by 5% in the same timeframe, said the managing...
International Monetary Fund has transferred yesterday the first installment of the funding package of 5 bln euros, due to be received today by National Bank of Romania. However, IMF’s...
If the first effects of a global downturn erupted in the second half of last year, the shaky economic conditions that sent many newspapers out of business are likely to dry up their revenues...
Adrian Stanciu, 48, one of the renowned HR specialists in local market seems to be willing to relinquish his holding in organizational advisory company Human Synergistics Romania, thus following...
The central bank BNR decided in today's rate-setting session to cut the benchmark lending rate from 10 percent to last year's level of 9.5 percent, but kept required reserve ratio at 40...
Romania’s economy dropped by 2-3.5% in first quarter 2009 from prior-year period, on deepening economic downturn, Raiffeisen Bank analysts said in a report.
The benchmark exchange rate settled by the central lender BNR upped 0.08 percent to 4.1638 lei per euro today, after the leu slipped to 4.17 during the first transactions and then recovered to...
Analysts of the Dutch-based ING have identified a set of errors in International Monetary Fund’s data related to short-term sovereign debts of countries in the region, by overestimating data...
The majority of national dailies have continued to gain readers in January 2008-January 2009, by several thousands, reads the latter SNA report. Click and CanCan tabloids have taken the brunt of...
Lender Banca Italo Romena, owned by Veneto Banca, said it recorded a 96 percent boost of net profit last year versus 2007, to 20.4 million euros, NewsIn informs.
The European Commission’s memorandum on the 5 billion euro loan intended to support the fiscal balance in Romania has no strings attached related to the justice reform, as speculated in the...
The inflation target for 2010 was set at 3.5% with a tolerance band of +/-1%, hence confirming the projections used by central bank since February 2009, said the governor of National Bank of...