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Although the global instabilities fueled by financial crisis are spread-out in the Romanian economy, in the last period, Azomures and Amonil, best performers of the stock exchange in the first half...
Romanian Association of Banks will meet today with Prime Minister Calin Popescu Tariceanu for talks on the impact of financial crisis over the banking system, said Lazslo Diosi, president of OTP Bank.
Dacia plant will halt production on November 13 and 14 and in November 20 – December 7 2008, after shutting down activity in October for two days, in the context of diluted sales volume.
International rating agency decided yesterday to cut Romania’s rating, cutting it below the investment grade. Fitch’s decision comes about two weeks after Standard & Poor’s...
Financial rating agency Fitch announced it downgraded five Romanian banks, namely BCR, BRD-Groupe Societe Generale, Bancpost, UniCredit Tiriac Bank and Banca Romaneasca, following sovereign rating...
Reaction of Fitch financial rating agency has drawn the attention once again, by downgrading country ratings has highlighted the alarming context of the financial crisis by downgrading country...
Local divisions of Asian IT&C producers are resetting strategy to ongoing international crisis by major cuts in forecasts for current fiscal year.
Financial crisis triggered dramatic slumps of issuers at Bucharest Stock Exchange. During the bearish trend which lasts for nearly one year, we witness technical rebounds, which is profitable for...
Revenues of Orange and Vodafone, Romania’s biggest mobile carriers, registered in April 1-September 30, similar growth rates.
Despite the problems of American International Group overseas, the Romanian subsidiary of the US insurer was not affected, the company reporting major increases of underwritten gross premiums of...
Over half of Romanian consumers will spend less money on new clothes and will postpone retooling technology, arising from the wish to put their spare cash into savings in times of crisis, according...
Bank Leumi Romania will start applying as of this month, the new lending conditions to consumers, maintaining the top indebtedness level at 70%, influenced by the foreign currency and type of...
Prime Minister Tariceanu announced yesterday it decided setting up a working group which will include representatives of the Government, of BNR and of Romanian Association of Banks which will draw...
Romanian electronics and IT&C market will have this year the same value as in 2007 – 1.1 billion euros, due to the international financial crisis, and in first half next year, it will...
Although they have examined all options that would have allowed an expansion of production capacity in Romania, Kraft Foods decided to shut down chocolate factory in Brasov, which, according to...
Approximately 20 companies in Romania and Bulgaria active in the car industry consider outsourcing their production line to Serbia, said Vesna Peric, the head of the Serbian Investment and Export...
Launched in Romania in August 2008, the “online head-hunter” website CareerBuilder.ro targets the third position in local recruitment industry, betting on its popularity in over 38...
Indices of Bucharest Stock Exchange slid 60% from all-time highs, quotations dropping to 4-5 year-lows and investors are seeing their portfolios taking a nosedive. In a first phase, part of a...
Coffeeheaven group decided to withdraw from Romania and Slovakia on disappointing operating results in these countries, the group aiming for profit margins growth amid financial crisis, according...
Raiffeisen Bank Romania lifted yields for time deposit by 1.75% for deposits in euro and by 0.9% for deposits in lei, according to maturity and amount.
In the context of global financial crisis, the furniture production in Romania will be impacted by several factors in 2009, such as reduction of exports, Romanians’ restricted access to...
The biggest salary in Romania stated at the governmental tax collection agency (Fisc) was 4.15 million lei last year, at a monthly 100,000 income and was earned by a person who worked in energy...
In the midst of financial crisis, the market leader in PVC extrusion, Teraplast Bistrita will ensure its business growth through infrastructure and non-residential projects, considering expanding...
Whether it’s a crisis of capitalism or a crisis that edged off from the fundamental values of capitalism, the latter two months fuelled panic among many players and economic analysts....
A multinational real estate developer acquired a land plot of over one hectare, located near Tineretului Park in Bucharest for over 17 million euros, after seven months of talks, said Neoland,...
Belgian-based developer Liebrecht&wooD will open the first Fashion House-branded outlet center in Romania on November 26, and as for the prices, consumers will find discounts starting from 30%...
Altex, Romania’s biggest retailer of electronics, electrical home appliances and IT&C, sees next year as one of the most difficult in the history of the company, while the company founded...
Israeli developer Carmel Investments Group (CIG) said it would invest 400 million euros in four residential projects in Romania and has no intention of changing plans as it considers the crisis...
Romania’s real economy is set to take the heavier losses from the world financial crisis in the coming years, and lawmakers are recommending consumers more prudence and to change focus from...
In an effort to curb the import of old vehicles, The Government will suspend the vehicle emission tax for new cars, redistribution of shares from “Jalopy” program in favor of local...
Petrom, Romania’s biggest company will reexamine its investment blueprint, according to their profitability and retrieval period, in the context of economic crisis.
The month of November was marked by swells of massive layoffs at some of the biggest Romanian companies with the biggest cuts in car manufacturing industry, petrochemical industry and fast-moving...
One of the most affected markets by the financial crisis that whips into shape in the Romanian landscape is the loan brokerage industry. If the large companies managed to stay on the floating line,...
Bankers think the central bank should cut the required reserve ratio, this way the liquidity would be used for state securities, loans for agriculture, small and medium sized companies, or living...
A year ago, Bucharest Stock exchange launched in premiere the rights issue. The initial public offering of Transgaz Medias was the first one that had rights issue enclosed. However, a year after...
After the opening of Iulius Mall Suceava, businessman Iulian Dascalu is now holding a national chain of malls that cover 346,000 built sqm, Iulius Group announced.
Online business publication Wall-Street edited by InternetCorp, has launched the top of most popular websites in Romania, according to statistics provided by Study of Internet Traffic and Audience,...
Leo Burnett Romania underwent an internal reorganization in the past few months, including layoffs, reorganization of departments and of management structure. As a part of the group’s...
RCS-RDS, one of the major players in the local mobile telephony market, said it considers expanding in the Hungarian telephony industry, by participating in the bid for two mobile telecommunication...
The Government passed yesterday night the plan to fight the crisis, which sets forth a cut of CAS, 5% lower taxes in 2009, and a reduced VAT share, of 5% for living facilities. In addition, the...