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European Union said it could double the rescue package for crisis-hit Member States to 50 bln euros, in the event of urgencies for budget support.
Moody’s financial rating agency has affirmed Romania’s ratings and ceilings, outlook remaining stable. Moody’s decision to keep Romania’s status as an investment-grade...
Romania's state assets recovery body (AVAS) announced today it is wating a government decision to resume privatization of the local aircraft maker Avioane Craiova, after the company was...
The state assets recovery body (AVAS) announced today it has finalized the necessary paper work to set up a financial investment company (SIF) which will administer the 356 minority stakes AVAS...
Greek-based telecommunication operator OTE, has officially delivered today the new iPhone 3G in Greece (via Cosmote) and in Bulgaria (via local Globul), company said.
The World Bank (WB) advises Romania to fence bonuses at maximum 25 percent of salaries in the public system and turn this into the principle of a bill on salary policies in the public field, people...
The reference exchange rate indicated today by the central bank BNR idled at 4.2946 lei per euro, down 0.01 percent versus the previous session, after it waved close to 4.2920 in the first part of...
The representatives of the International Monetary Fund (IMF) will meet Premier Emil Boc, the leaders of the parliamentary parties and unions to carry on with the negotiations, vice president of the...
Billa Romania, the unit of the German-based retailer Rewe, reported a net turnover of 320 million lei for 2008, up 10 percent on the previous year, NewsIn informs.
The net assets of Romania's financial investment companies known as SIFs lost on average 6.9 percent in February to 5.117 billion lei (1.2 billion euros) while the total capitalization reached...
The reaction of the stock market to economic events that sapped issuers’ businesses or the entire business landscape proved to be extremely important. What exactly is a bad news to the...
European Investment Bank confirmed it could shore up the Romanian economy by pumping 1 bln euro annually for investment projects, said yesterday the president of Romania, Traian Basescu.
Lenders will now be able to cut the provisions set aside to write off bad debts, namely for loans with 90-day default period or for loans subject to legal actions, with maximum 25% of...