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Furniture retailer Staer International said it planned to cut imports in 2009 to half, and to boost production at its furniture facility in Galati, as the marketing manager of the company, Claudiu...
The reference exchange rate of the central bank (BNR) pinned the leu at 4.1263, a 0.18 percent slip over the previous exchange rate session, as the market is idle given that external markets are...
BDT Motors, authorized dealer of Chrysler, Jeep and Dodge, subsidiary of BDT Group posted a 40% increase in sales in first quarter this year from prior-year period, according to own statements.
Net profit of Romanian International Bank (RIB) dropped 64 percent last year over the previous to 1.168 million lei, on writedowns, according to data provided by the company's...
U.S. car producer Ford acquired at the end of last week 0.88 percent in local company Automobile Craiova it controls, after another 22.56 percent stake purchased from minority shareholders,...
BMW unveiled its new BMW M series at New York Auto Show, together with the new members of X family: BMW X5M and BMW X6M.
The capital market watchdog CNVM decided to suspend from trading the stock of brokerage Broker Cluj (BRK) for two consecutive sessions starting with April 14, according to a release, NewsIn...
We’re in crisis. We all know it now, and we read about it in the newspapers and watched it on TV how lawmakers try battling it by spinning around in vicious circles. It has even stopped...
IT companies veto the introduction of poll tax and the non-deductibility of operating expenses, maintenance and repair, including fuel costs and say these measures will only pave the way to a...
Local subsidiary of the Swiss-based healthcare company Hoffman la Roche posted solid quarterly sales this year, up 15% from prior year period. In spite of this advance, the company ended...
The National Securities Commission fined Broker Cluj dealer 50,000 lei (12,000 euros) and banned the broking firm and its leader, Petru Prunea from trading in Romanian capital market for 3...
Foreign direct investments (FDI) in Romania advanced by 38.1 percent in the first two months of the year versus 2008, to 1.374 billion euros, over two times the amount of the current account...
Cisco Capital and UniCredit Leasing today announced the availability of a financing program in Romania, designed to help small and medium sized companies. The program called EasyLease is a...
The economy could contract by 1.5 percent this year and an argument in support of a more pessimistic prognosis is the very sharp adjustment of the current account deficit, declared for NewsIn...
Romania’s national currency, the leu, lost ground to 4.1379 against the euro by the central bank’s reference exchange rate, taking a regional drive down following profit booking,...
Civil engineering and construction Bechtel expects the volume of new orders to shrink this year and a revenues to stagnate, as mining and energy companies cut expenses in the wake of financial...
MedLife, Romania's biggest private clinic, reported a turnover of 28 million lei for the first quarter of 2009, up 73 percent from prior-year period, underpinned mainly by the 85 percent...
The number of companies filing for bankruptcy in 2008 surged 126 percent to 14,157 from a year earlier and is expected to peak by doubling or tripling this year, declared for NewsIn...
The budget revision adopted by the Romanian Cabinet the past weekend triggers an average inflation of 5.8 percent this year, up from the previous 5 percent target included in the former...
NBR governor, Mugur Isarescu held yesterday a speech at Romanian Academy. He stressed that it would have been much easier to Romania to battle crisis if the government had ran a surplus in...
Power company E. ON Romania agreed with the trade unions to start this month two programs to cut staff, one of voluntary leaves and the other of anticipated retirement, according to a...
Rating agency Moody’s downgraded the bank financial strength rating of Societe Generale to ‘C+’ from ‘B-‘ and affirmed SG's long-term debt and deposit...
Romanian National Securities Commissions said it would lay the groundwork for a exchange-traded platform for contracts for difference. While Sibex has already submitted the project for...
BCR Fond de Pensii could absorb the smallest private mandatory pension funds on Pillar II administered by OTP and Prima Pensie, as the talks have been on for several months, declared several...
The central bank BNR pinned the leu at 4.1736 over the euro, a drop for the third day in a row, owing to a regional drift stirred by negative news on retail sales in the U.S. in March, NewsIn...
The government consented to raise the contribution level for the mandatory private pension funds from 2 percent at present to 2.5 percent of the gross salary in 2010, one year later than...
Romanian drug producer Biofarm expects a net profit of 14.16 million lei this year, after the 21.3 million lei losses recorded in 2008, NewsIn informs.
Banca Romaneasca said it expected a 25% increase in its retail deposits and 10% in assets volume in 2009. The lender’s prior projections indicated 2.8 bln euros in assets.
President Traian Basescu said in an official statement at Beirut earlier today, that a portion of the borrowing arrangement with IMF could be used to stabilize pensions and raise low wages,...
The largest Swiss-based biotech company posted total sales of 11.6 billion Swiss francs (7.6 bln euros) in first quarter 2009, up 8% from prior year period, the company announced.
Romstal opened this year four new stores in South Eastern Europe, of which three in Russia, in Vladimir, Breansk and Yaroslavi and one in Ukraine, following to continue its expansion drive this...
EU will keep the convergence criteria for the euro adoption, on the fear that many of these countries might be unwilling or unable to bear the economic and political costs of adjustment to...
Competition Council will probe into the possible violations of competition law by the Professional Football League and by FRF for the joint sale of broadcasting rights as well as by Antena 1...
The sales of the Romanian unit of the world's largest home- furnishing retailer rose an annual 5 percent in the first three months this year, according to the retail manager Cornel...
Bancpost, controlled by the Greek financial group EFG Eurobank, asked its shareholders to agree with the increase of share capital by 216.36 million lei to 878.59 million lei, through the...
Carrefour, Europe’s biggest retailer and second largest in the world, posted yesterday sluggish sales of 250 mln euros in Romanian market, largely pared by the devaluation of the leu...
The local units of retailers Carrefour, Metro Cash&Carry, Selgros, Auchan, Real and Cora spread their working program during Easter holidays in a bid to face consumers' high demand,...
The leu steadied at 4.2185 against the euro at the reference exchange rate of the central bank BNR after a stable evolution this morning.
Regional Air Services – the private company that operates at Tuzla Airfield, Constanta district, is approved to work as a Flight Training Organization by Romanian Civil Aeronautical...
Employers’ decision to freeze partially or totally the investments in training programs for their employees has taken a bite out of training companies’ business in the first three...