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Insurance market in Romania will reach a ‘wait” mode compared to this year or it will register a below-10% advance, the most affected segments being loan insurances, and Casco, due to...
Romania reported at the end of October a medium and long-term external debt of nearly 49.1 billion euros, 27.7% more compared to end-2007 due to the non-publicly guaranteed external debt, National...
Romanian Executive together with other governments in Central and South-Eastern Europe should follow the Austrian example and to draw a rescue plan to stabilize the financial sector, said Herbert...
Moody’s has placed on review for possible downgrade the Aa3 long-term debt and deposit ratings and ‘C’ bank financial strength rating of Erste Group Bank AG, reads the press...
Altex Romania, the biggest retailer of electronics may revise its sales expectations down 30% in the first three months of next year, due to economic crisis that gripped several sectors of the...
Subprime crisis that sprawled in United States of America last year spread rapidly across the world and triggered the collapse of world’s economic juggernauts. Actually, the crisis is a chain...
Local dairy industry, estimated at 1 billion euros, up 15% from a year earlier, took the same constant rising path in 2008, with new players, and mounting investments from large producers, in order...
Banks will raise interests for deposits in the Christmas time in an effort to draw new clients and also liquidity from the internal market, while the loan offer are limited to promoting credit cards.
After eight years work experience at Baneasa Development, Michael Lloyd relinquished his responsibilities as Managing Partner of Baneasa Project in order to set up his own management vehicle....
This year, the upgrading trend of card market has continued, while banks’ portfolios have become more complex in order to meet the clients’ demand. In the midst of visible market...
Petrom company, controlled by Austrian-based gas station operator OMV has lowered the benchmark prices for gasoline by 5 bani and for diesel oil by 6 bani/liter, starting today, 12:00 hours,...
Petrom company, controlled by Austrian-based gas station operator OMV has lowered the benchmark prices for gasoline by 5 bani and for diesel oil by 6 bani/liter, starting today, 12:00 hours,...
Factoring market recorded a positive evolution this year, with newcomers and a roughly 40% growth from a year earlier, whereas the negative influences of the global crisis spread to this form of...
The mobile telecommunication market has been very dynamic for mobile carriers, who conducted major changes at the level of top management, whereas the pay packages marked a slower growth pace up to...
Adrian Sarbu (photo), owner of Media Pro group was appointed as President of US-based Central European Media Enterprises (CME) that holds television station ProTV, replacing former Chief Executive...
The legislators’ failure to adjust the drug prices to the depreciation of the national currency and the maturity level that the market has achieved has pushed the drug manufacturing market to...
If several months ago, insiders of the training market were able to state their expectations on the market trend for 2009, nowadays, in the midst of financial crisis, insiders can make clear...
John Bax is General Manager at Tryact HRD Netherlands and Romania. With 19-years experience in the field, he is a noted international consultant, trainer and coach in human resources development.
Interamerican Pensii will merge by absorption with Bancpost Pensii, in order to merge the two their second-pillar pension funds, according to market sources, quoted by www.pensiileprivate.ro.
Fitch Rating has affirmed OTE long-term issuer default rating at ‘BBB’ with stable outlook due to the strong, leading position in the Greece telecommunication market despite the...
Growth of price for oil barrel to 147.27 US dollars combined with deepening economic crisis have made the year 2008 one of the most difficult in the recent history of the world and of Romania.
The waning economic climate, the ever-growing complexity of financial instruments and products and tougher lending conditions enforced by National Bank of Romania (BNR) make our choice for the...
Six companies have acquired the task book for the two WiMAX wireless communication licenses offered by National Authority for Communication (ANC), the winners following to be unveiled on March 9,...
Autoliv, the Swiss-based automotive safety systems producer will idle production at the two factories it holds in Romania, at Brasov and Lugoj, the activity following to be resumed on January 5.
Romania’s public debt increased by 14.9%, to nearly 93.74 billion lei (25.6 billion euros) in December 31 2007 – October 31 2007 interval, equivalent to 18.6% of gross domestic product...
Tereza Valcan, former corporate affairs manager of the mobile network operator Cosmote, was appointed as the new Managing Director of Buchartes-based office of Civitas Global Ketchum.
Voestalpine decided to frozen the evaluation project for examination of a new steel site on the Black Sea in view of the recessive development anticipated in 2009 and beyond this the uncertainty...
Vasile Miu was appointed as chief executive officer of Oil Terminal Constanta, by the board of the company after the yesterday’s dismissal of its predecessor, Mihai Lupu, as a result of his...
BSE said its chairman and chief executive, Stere Farmache (photo) has resigned and is being replaced by Anca Dumitru, director of Rasdaq stock market.
The endorsement strategies adopted by western governments for struggling banking system, such as capitalizing lenders, is not needed at this moment for the banks in Romania, said the chairman...
Rescue Bucharest Association (Asociatia Salvati Bucurestiul) sent a petition to General Mayor of Bucharest Sorin Oprescu, motivating that “a megalomaniac project (Dambovita Center also known...
The leu was quoted at 3.96lei against euro in Wednesday, after a 0.04 lei-depreciation during the session, following the same trend as Polish zloty and Turkish lira.
Tourism industry will probably increase by 10%, or in the worst case scenario, it will stagnate, which is however, a positive trend compared to western European countries, said ANAT consultant,...
Piraeus Bank launched on December 16 the new Exclusive Gold credit card with 20,000 euros ceiling, equivalent in lei, the bank announced.
European Bank for Reconstruction and Development will likely grant another 50 million euros to Banca Transilvania in an attempt to raise common capital, after the 100 million euros loan to borrow...
Voestalpine decided to frozen the evaluation project for examination of a new steel site on the Black Sea in view of the recessive development anticipated in 2009 and beyond this the uncertainty...
National currency took a sudden hike towards the end of the Thursday’s session, for the second time in the same day, at 3.95 lei/euro, after resuming its downtrend. The evolution of the...
Configuration of PSD-PDL government was nominated and validated by the two parties. In order to go into effect, it must be vested by the Parliament and to take the oath of office at Cotroceni Palace.
IAB Romania appointed a new Board of Directors, effective as of yesterday, adding Ovidiu Florea, managing partner at Media Investment, to serve the second mandate as a chair.
Black Sea Global Properties, chaired by businessman Dinu Patriciu submitted 37.8 million euros bid for the acquisition of Fabian Romania investment fund, where he already holds a roughly 25% stake.