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Raiffeisen Bank will stop funding the real estate projects in Romania of this year and of next year, if the market conditions will improve. The bank aborted the projects it had in construction this...
Mioveni-based Dacia plant announced it idled production this morning until December 7, and 11,000 workers of 14,000 will take a 17-days temporary layoff.
BMW Group Romania, the representative of BMW and Mini premium brands in Romania, launched the fifth generation of full-size luxury vehicles line 7 Series, priced at 62, 000 euros up to 78,800 euros...
Fitch Ratings revised Rompetrol’s outlook to negative from stable, on weak operating cash flow and profitability in first nine months of 2008. The financial rating agency has also affirmed...
Nokia’s trade union from Jucu-based factory agreed on a 8.1% growth of gross wage after talks with Nokia board, effective as of December 1, followed by another pay raise stage in April 1...
Argo Real Estate Opportunities Fund will inaugurate on Thursday, the expansion of its retail park Shopping City Sibiu, by opening three new stores, Carrefour, Progres and Flanco, and Mobexpert as...
Real Hypermarket Romania will open five stores in 2009 down from 7 in the prior estimation, due to delays registered by real estate developer that failed in contracting loans for their projects,...
National Authority for Communication (ANC) decided to cut the interconnection tariffs for telecommunication operators as of 2009.
The day Rolls-Royce announced it would lay-off 2,000 employees, and Peugeot cut 2,700 jobs, due to the impact of financial crisis over the car industry, in Romania, several companies idled their...
Pro TV S.A, part of MediaPro media group will launch next year a new television station and will maintain its investment volume high, despite the global financial crisis, according to Ciprian...
Joining a growing list of companies from over 30 counties that discharged approximately 50,000 employees, Rompetrol, Romania’s fourth largest companies in terms of earnings, gets a blow from...
A growth of unemployment rate by 30,000, namely 0.5% of the labor force, would not be a problem for the national unemployment, but it is likely to rise above the current estimations, said Mugur...
Financial crisis? Not for those who see profit-making opportunities behind poor economic landscape. Tudor Maxim, managing director of advertising agency Elevate and one of the supporters of...
Coca-Cola HBC Romania has not made any decision yet to shut down factories in Iasi or Ploiesti, denying the information in the recent media reports.
Effects of the international economic crisis would have been lessened if the economy had had more Romanian capital, said Prime Minister Tariceanu, stressing that the purpose of Energy Company was...
Romanian economic analysts say Moody’s recession forecasts for Romania in 2009 are much to pessimistic and draw the attention that economic evolution depends very much upon the government...
The reinsurance costs may rise by at least 10% for 2009, which will probably boost tariffs charged by insurers, due to international turmoil, said the managing director of Allianz-Tiriac Asigurari,...
England, USA and Germany are leading the Best Countries to Work In survey initiated by eJobs carried out between 12 and 17 November 2008.
In the context of poor economic conditions, certain companies in the human resources industry are dealing with a falling demand from employers. Certain companies are trying to redraw their budget...
Vodafone Romania, second biggest mobile telecommunication network company in Romania, launched the new Log’n’Go laptop, now available in all Vodafone stores and at its retail partners,...
Businessman Marius Ghenea and founder of VikingProfil, Radu Mircescu, will pump 1.2 million euros for one year in Seliron and Mirmetal, manufacturers of metal structures and sealants for metallic...
The manufacturing new orders in Romania rose 43.1% in September 2008, thus maintaining on the second position in the European Union compared to September 2007, reads Eurostat report.
After Dacia, Elba Timisoara and Kraft Foods, two more multinational companies, Nokia and Michelin announced massive temporary layoff, in the context of financial crisis.
Cosmote Romania, the third biggest mobile telecommunication operator agrees with ANC’s decision to cut the interconnection charges and says the gap between other fees imposed to the two...
National Bank of Romania together with the heads of the commercial banks will reexamine the modification of the recently-enforced lending conditions for population, as the data available at the...
Erste Group analysts believe that two scenarios are possible in the coming year linked to the economies of countries seriously affected by the global financial crisis. The first scenario is a...
Innovative solutions for finding and drawing clients, adjustment of shopping areas to the new market conditions, saving both at the level of population and of Government or major investment in...
What began as a subprime credit crunch in the United States, scaled up into a financial crisis that spread at full speed across the world. Tony A. Romani, Wall Street investment banker explained...
Real estate division of Altex group, Cometex held yesterday the official opening of Aurora Shopping Mall in Buzau, - a 25 million euros investment, paying 3.4 million euros for the land parcel, the...
After opening its first store in Romania on November 16, in Oradea, the DIY chain OBI will continue its expansion in Romania by setting a new unit in Bucharest, the company representatives saying...
Lending conditions will be modified in January 2009, according to BNR’s first vice governor, however the chairman of Romanian Association of Banks (ARB), Radu Ghetea, is not very optimistic...
The growth pace of lending activity in Romania will slow down by 20% by yearend, and by 15% by the end of 2009, said Michael Massourakis (photo), senior economist of Alpha Bank.
The construction of the biggest media façade in Europe of 565 sqm and 13 LED High Definition screens will be completed on December 1, on Bucharest-based shopping center Cocor, Cocor Channel...
Clampdown of lending activities by the commercial banks was not entailed by the decline of top indebtedness level, the actual problem being the funding sources, said Nicolae Cinteza, director at BNR.
Low-cost airline carrier, Blue-Air added new routes to six destinations, Barcelona, Madrid, Larnaca, Lyon, Brussels, and Lisbon in the summer timetable for 2009.
Two of the most important shareholders at Bucharest Stock Exchange have recently announced their exit. Morgan Stanley and brokerage firm KBC Securities put up for sale the stakes they hold,...
Cosmote Romania reported a 80% growth of client base while Romtelecom broadened its users base for ADSL and DTH internet service, compensating the losses on the landline telephony segment.
Romania has bigger chances to avoid sliding into recession in 2009 than to confront it, but the evolution will depend on the international climate and the policy responses of the future government,...
The safety margin provided by the single European currency, amid full financial crisis, might force several countries to adopt sooner the euro, but Romania will likely stumble onto some...
Carrefour Romania, part of the French retailer, will open today in Buzau the 21st hypermarket in Romania and the 15th unit outside Bucharest, according to the press release remitted by the company.