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The euro is very likely to strengthen further versus the Romanian currency, up to 4.5 lei, according to the gloomiest projection of the analysts interviewed by Wall-Street. The political crisis...
Austrian-based banking group Erste Bank, majority shareholder of BCR said it planned to raise capital by €1.65 billion in a rights offering, at which Bucharest Stock Exchange investors can...
Suceava-based brewer Bermas (ticker: BMS) reported that net profits almost doubled in the nine months through September this year, to 2.05 million lei (€485,000) as revenues outpaced expenses.
Romanian natural gas company Romgaz said its nine-month revenues fell 6.3% to 2.23 billion lei, and profit down 5% from year-ago period.
Christian Unger (photo), CEO of Ringier media group announced the addition of two new group executive board positions: a CEO Ringier Digital for the digital business and a CEO Ringier Central...
Find out what are the high-tech habits and preferences of Razvan Botezatu, XGS Manager Xerox Romania and Moldova.
The benchmark exchange rate set by the National Bank of Romania fell 0.29 percent to 4.2955 lei per euro, after the national currency shot upwards in the early trades, showing a different evolution...
The local subsidiary of oil company MOL has expanded its MOL Gold fuel card acceptance network in Austria as of November 1. The cards can be used for buying fuel for any vehicle without trading fee.
OMV’s Petrom, Romania’s largest company by market value said it was considering a number of renewable power projects, according to Razvan Nicolescu, head of corporate affairs at the oil...
The benchmark exchange rate set by the National Bank of Romania grew 0.21 percent to 4.3047 lei per euro, on a market with low transactions, as risk aversion pushed emerging currencies down versus...
The lowest prime office rents in European cities have been observed in Stuttgart, Germany, while Bucharest took the fifth spot, in top lowest open-market rents for Class A office spaces, a recent...
The first rate-setting session in the new configuration of NBR policymaking group will take place tomorrow, in the midst of a political crisis, and bankers and economists put their bets on another...
BRD-SocGen, Romania’s second largest bank by assets reported a net profit of 660 million lei (€156 million) for the nine months through September this year, 19% lower than year-ago...
Around 25% of the total floor space ready for occupation in the second half of 2009 is pre-let, which represents a take-up rate much below the 2007-2008 levels, when pre-let spaces accounted 45-60%...
Adevarul Holding media group has acquired the international publishing license of celebrity lifestyle magazine OK!, which will be launched in Romania within a few months.
Romania is lagging far behind other European countries in hybrid car sales due to the government’s failure to attract consumer interest in these eco-friendly vehicles with premiums....
Healthcare technology provider Philips has tooled the Medical Imaging Center Arcadia from Iasi through its authorized distributor Radiusmed, the total value of the medical system supplied reaching...
Romanian National Securities Commission (CNVM) has revoked the license of open-end fund KD MultiFund under KD Investments’ custody, capital market watchdog said in its bulletin.
The natural gas trading company WIEE Romania, a joint venture between Russian-based Gazprom and Wintershall with revenues of nearly €400 million in Romania, expects the natural gas demand to...
Hraben Suknaic, Google's Regional Manager for Adriatics, Romania & Bulgaria, said plans of opening an office in Romania haven’t been abandoned, but the ideas wouldn’t be put...
Bucharest Stock Exchange (BSE) said its gross profit stood at 7.5 million lei (€1.77 million) near its full-year estimates.
Flamingo International, one of the largest tech retailers agreed with its lender ING Bank to restructure the €17.5 million debt load, the deal being expected to complete within two months and...
The policymaking group of National Bank of Romania left its benchmark interest rate at 8% and required reserve ratio for leu liabilities at 15% and for fx liabilities at 30% in the last...
Mariana Gheorghe, CEO of oil company Petrom said the power demand and production costs would most likely increase further until 2030. “The global power demand will increase by 50% until...
The benchmark exchange rate set by the National Bank of Romania fell 0.07 percent to 4.3017 lei per euro, in quiet trading, without reacting to central bank's rate cut, the national currency...
Representatives of employers’ organizations UGIR 1903 and CONIPROM said that if IMF and European Commission failed to disburse the third and fourth tranche under the SBA agreement, Romania...
The unemployment rate is expected to rise from 5.8% in 2008 to about 9% in 2009, followed by a gradual easing to about 8.7% in 2010, according European Commission’s autumn forecasts.
Since the beginning of the year, the National Bank of Romania has began a series of rate cuts to restore financial stability and to bring about economic recovery, but uncertainties regarding the...
Average net income increased in September by 0.8% (11lei) from August, to 1,359 lei (€321), on occasional bonuses and benefits, as well as higher production output, according to the data...
State-owned electricity operator, Transelectrica (ticker: TEL) reported a net profit of 11.45 million lei (€2.7 million) for the nine months through September, 12 times lower than the same...
The prime minister designate Lucian Croitoru, said during the Parliament’s plenary session that the political instability would eventually lead to an increase in the country’s financing...
Fondul Proprietatea has sold its 17.36% stake in pharmacy chain Centrofarm Bucharest (ticker: CEOF), in a deal that fetched around 6.83 million lei (€1.54 million), the Fund said in a release...
The benchmark exchange rate set by the National Bank of Romania fell 0.03 percent to 4.3005 lei per euro, on a market without significant trading volumes, as the emerging currencies moved into...
The prime minister designate Lucian Croitoru, failed to win the backing of the Parliament in a no-confidence vote.
Aviva Group reported an 11% decline in overall retail sales volume to £27.1 billion (€30.2 billion), as economic conditions impacted both consumer and employer behavior, the UK-based...
The difficult environment is providing an unprecedented opportunity for IT leaders to show their added value and significantly increase their impact at board level, according to a Deloitte survey...
The National Prognosis Commission (CNP) said it maintained its full-year forecasts for a Gross Domestic Product contraction of 7.7%, as well as for an economic growth of 0.5% in 2010, in its final...
IMF mission in Romania will meet with president Traian Basescu today, the mission chief Jeffrey Franks said last night at the end of the talks with National Bank of Romania.
The president Traian Basescu has nominated Liviu Negoita, the current mayor of Sector 3 in Bucharest for government leadership position.
The benchmark exchange rate set by the National Bank of Romania stood at 4.2988 lei per euro, as the national currency gained less than a unit on the interbank market in the early trades, without...