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Car parts supplier Dräxlmaier will temporarily shut down all its five production facilities in Romania for 3 weeks.
Interests paid by the banks for euro-currency deposits of clients will be between 4.5% and 7% per year, according to the type of the product, maturity and policy of every bank, said the manager of...
Romanian subsidiary of Dell PC manufacturer reported a 70% growth of units sold up to 73,733 in first nine months this year, and for the next quarter, the forecasts are likely to be revised...
Romanian leasing industry is witnessing a growth of refinancing costs and problems in collecting lease payments, which will affect the business volume, said Mihaela Mateescu (photo), managing...
Dragos Cabat, chairman of Chartered Financial Analyst (CFA) thinks Romanian economy needs a back-up plan, drawn by the future government together with National Bank of Romania, on a balanced budget...
The year 2008 was marked by “tough decisions” of large international players such as Kraft Foods, Coca Cola HBC, or Colgate Palmolive, who decided to outsource their production lines in...
If this year, OTP Bank’s strategy was focused on intra-bank communication, next year the lender will concentrate on promoting the image of the company and its products, especially its credit...
Bechtel constructor said it would abort construction works for Transilvania motorway, decision which will affect 2,300 workers, while the trade union said it received the termination notice.
Investors’ assessment of the business climate for Romania declined according to the latest Reuters & OeKB Business Climate Index survey, which also finds Romania as the currently most...
Skoda carmaker will ship the new facelift version of Octavia endowed with the new VW 1.4 TSI engine that develops 122 HP and a seven-speed DSG gearbox in January 2009.
Rompetrol and Petrom said they would cut prices for gasoline and diesel in own filling stations as of Monday.
The global economic crisis that spread in the Romanian real estate market, triggered price falls of even 50% in luxury residential properties segment, according to representatives of EuroMetropola.
Dacia decided to shut down the factory during December 11, 2008 – January 11, 2009 and will downsize production capacity by 20%, as of January 12, 2009.
If few months ago we were wondering to which extent the US financial credit crunch will affect Romania, now we have the certainly that we will soon have to deal with a full-blown crisis.
Interagro will cut approximately 90% of its workforce as of January 1, namely 5,500 workers, many of them working in the chemical industry until recently, said the owner of the group, Ioan Niculae.
Iulius Group invested over 2 million euros in a residential showroom of Palas city planning, located downtown Iasi, project that cost the company over 250 million euros, according to own statements.
Zapp, a mobile network operator in Romanian telecommunication industry, said the market’s profit margins fell sharply due to a 50% cut in charges compared to previous years.
Romania will have to focus on internal financial resources, given the fact that other states managed to draw liquidities by covering the full amounts in the deposit insurance scheme, and the...
Volume of housing units offered for sale in November this year recorded a steep decline of 42% for single apartments, 35% for two and three-room apartments and 21% for four-room apartments, from a...
Bechtel constructor said it would abort construction works for Transilvania motorway, decision which will affect 2,300 workers, while the trade union said it received the termination notice.
Volume of housing units offered for sale in November this year recorded a steep decline of 42% for single apartments, 35% for two and three-room apartments and 21% for four-room apartments, from a...
If this year, OTP Bank’s strategy was focused on intra-bank communication, next year the lender will concentrate on promoting the image of the company and its products, especially its credit...
Iulius Group invested over 2 million euros in a residential showroom of Palas city planning, located downtown Iasi, project that cost the company over 250 million euros, according to own statements.
Zapp, a mobile network operator in Romanian telecommunication industry, said the market’s profit margins fell sharply due to a 50% cut in charges compared to previous years.
Romania will have to focus on internal financial resources, given the fact that other states managed to draw liquidities by covering the full amounts in the deposit insurance scheme, and the...
Interagro will cut approximately 90% of its workforce as of January 1, namely 5,500 workers, many of them working in the chemical industry until recently, said the owner of the group, Ioan Niculae.
If few months ago we were wondering to which extent the US financial credit crunch will affect Romania, now we have the certainly that we will soon have to deal with a full-blown crisis.
The 2008 financial hurricane will wound up making history, as the events that discarded many of the old axioms and economic ideologies redraw a new hierarchy of the world’s economic...
Baneasa Shopping City, Sema Parc, Emerald Residences and Cefin Logistics Park Bucharest are some of the real estate players awarded by Central & Eastern European Construction & Investment...
Romania’s economic growth will likely be 8%, said the governor of National Bank of Romania (BNR), Mugur Isarescu. In first nine months, Romania’s gross domestic product rose 8.9%.
Nine or ten administrators will remain on compulsory private pensions market (Pylon II) after merger and acquisition talks and 2009 will be the year of decisions on market concentration and...
Arena Mall shopping center in Bacau has recently enhanced its retail surface to 26,000 sqm from 19,500 sqm and for 2009, it expects to attract five million visitors and to open new shops and...
Auchan Romania said it has not felt the effects of the crisis yet and that the expansion plan for the next three years is financially ensured. The expansion plan includes two new projects in...
Arena Mall shopping center in Bacau has recently enhanced its retail surface to 26,000 sqm from 19,500 sqm and for 2009, it expects to attract five million visitors and to open new shops and...
Nine or ten administrators will remain on compulsory private pensions market (Pylon II) after merger and acquisition talks and 2009 will be the year of decisions on market concentration and...
Romania’s economic growth will likely be 8%, said the governor of National Bank of Romania (BNR), Mugur Isarescu. In first nine months, Romania’s gross domestic product rose 8.9%.
Baneasa Shopping City, Sema Parc, Emerald Residences and Cefin Logistics Park Bucharest are some of the real estate players awarded by Central & Eastern European Construction & Investment...
The 2008 financial hurricane will wound up making history, as the events that discarded many of the old axioms and economic ideologies redraw a new hierarchy of the world’s economic...
Businessman Marius Ghenea (photo), a legendary investor in IT industry, will ready move on coffee shops market, once with this week’s opening of the first coffeehouse of Testa Rossa brand,...
Pelican Com, developer of Atlantis Residence, said it had relinquished its plans to buy a land plot in Pipera area where it intended to build 450 apartments, whereas the developer will keep its...