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Romanian National Securities Commission revoked the license of NHL Securities broking firm for 60 days, citing the failure to meet the minimum 50,000 euro own funds limit, RNSC informs.
The national currency slipped to 4.2197 over the single European one by the reference exchange rate of the central bank BNR, taken down by a regional wave, NewsIn informs.
Google reported revenues for the quarter ended March 31, 2009 down 3% from prior year period, this being the first decline in revenues ever recorded by Google in two successive quarters,...
Romanian agency for foreign investments (ARIS) received in the first quarter 12 projects drafts worth 719 million euros which means some 3,400 new jobs will be created, people from the agency told...
Adecco group, one of the world’s largest human resources company, said it had placed a 5-year 500 million euros bond with a coupon of 7.625%.
One of the five financial companies in Romania, SIF Moldova (SIF2), suspended up to 1 percent of the voting rights of shareholders around Petromservice who control 3.02 percent of the share...
In first quarter this year, real estate investments sank 80% from prior year period, with only one deal being consummated: the acquisition of investment fund Fabian by Black Sea Global...
The board of Erste Bank said it would be asking shareholders to raise chartered capital by 124.7 mln euros to issue conversion and underwriting rights to convertible bond holders, reads a press...
BDT Motors, authorized sales and repair dealer for Chrysler, Jeep and Dodge, part of BDT Group, will cut the prices for Jeep Grand Cherokee and Dodge Nitro SUVs by nearly 12,000 euros.
European Bank for Reconstruction and Development has approved a new facility, under which the European lender will provide up to 250 million euros in short and medium term loan financing to its...
Libra Bank has raised its share capital by as much as 4 mln lei, up to 136.35 million lei (32.1 mln euros0 by issuing 40 mln new shares at a nominal value of 0.10 lei per share, the bank announced.
In 2009, only 4 deals in M&A market involved stock market issuers, while last year of the 86 deals completed, only 17 engaged issuers. Analysts polled by Wall-Street examined the implications...
The car sales in Romania plunged at annual 55.97 percent in the first quarter this year to 67,401 units as orders reduced owing to the financial crisis, the Association of Car Producers and...
The companies that will participate at the job fair on April 24 are looking to employ persons mainly in clothes manufacturing and constructions, although these sectors were the most severely hit by...
Employers will not push back the traditional perks and benefits offered to their employees, such as meal vouchers, despite the wrenching financial crisis that has put pay packages on ice.
The potential writedowns could be nearly 4.100 billion dollars on some 58 trillion dollars of assets originated in the United States, Europe, and Japan, reads a report released by International...
German DIY retailer Praktiker posted a 15.6% decline in sales in Romania for first quarter, down to 45.1 mln euro citing the sharp devaluation of the leu, the company informs.
A stock’s BETA weight is a measure of its volatility in comparison with a market index that reflects the general trend of the stock exchange. The coefficient will show you how the expected...
MEPs adopted at a first reading a legislative report on the reduction as of July 1 of charges for calling, texting and mobile internet surfing in an telecommunication host operator, the website of...
The reference exchange rate established by the central lender BNR slipped to 4.2426 lei per euro today, after the leu inched 0.01 percent over the previous session, on a calm market, with small...
The future administrator of Proprietatea Fund, created to compensate people who lost properties to the communist regime, will need at least half a year to clear up the company's situation, so...
Public investments exceeding 20 billion euros will need the approval of an Inter-ministerial Council for Public Works and Houses member of the Development Ministry, Cabinet secretary within the...
Lenders in Romania borrowed 16 billion lei in March through the central bank's (BNR) lombard credit facility, 2.5 times less than in the previous month, but banks hiked the level of deposits at...
Romania’s government has not received until now the official letter from the International Monetary Fund (IMF) over the external loan agreed upon at the end of last month, though the prime...
Ana Holding, owned by Romanian businessman George Copos, estimates 100 million euro turnover this year, down 25-30 percent over the previous, NewsIn informs.
Prime Minister Emil Boc said at the end of extraordinary Government session following the letter sent by International Monetary Fund, that the Government was ‘on track’ to meet the...
European Bank for Reconstruction and Development will monitor the Romanian capital market, with the possibility of issuing new bonds, said Milena Messori, EIB’s director for Romania at a...
Alumil Rom Industry, the local subsidiary of the Greek-based aluminum extrusion group (BSE: ALU) expects an annual profit of 7.67 mln lei (1.8 mln euros), 20% lower than a year earlier, reads a...
FIC Oltenia decided to suspend 9.3% voting rights of shareholders with over 1% holding. Earlier today, the financial investment company said it would suspend 16% of the chartered capital,...
Audit committees around the world have proved to be much more efficient today than they were 5 years ago, as their members are more confident in their oversight of management’s accounting...
Premium car brand Audi, present in Romania via Porsche Romania importer is likely to capture 37% of the premium car market this year and roughly 1%-1.2% of the overall car industry, the equivalent...
International Monetary Fund urged Romania in a memorandum attached to the letter sent to Romanian authorities, to keep the budget deficit under 14.5 bln lei at the end of first half of 2009, namely...
Mercedes-Benz, the brand of the world’s second largest luxury carmaker Daimler AG and the local representative of Mercedes-Benz, smart, Chrysler, Jeep, Dodge and Mitsubishi Fuso Canter,...
Despite the outstanding performance of the Bucharest Stock Exchange in the last couple of months, brokers remain reluctant in confirming a long-term uptrend. The signals sent out from the...
The benchmark exchange rate set by the central lender BNR lowered by 0.38 percent to 4.2218 lei per euro today, after the national currency advanced early trades, in contrast with the evolution of...
Prime Minister Emil Boc said at the end of extraordinary Government session following the letter sent by International Monetary Fund, that the Government was ‘on track’ to meet the...
To Mihaela Berciu, personal branding, etiquette and civility are the main coordinates of her profession. She is the sole image consultant in Romania authorized and internationally recognized by the...
Romania's central lender BNR posted a reference exchange rate of 4.2380 lei per euro, 0.04 percent lower than in the previous session, after the leu strengthened in the first part of the day on...
Low-fare airline carrier Wizz Air reported a 100% increase in passenger count in Romania in first quarter, up to 313,000 from 153,000 in prior-year period.
Romania’s central bank (BNR) injected 4.7 billion lei into the banking system in one-month deposits with fixed interest of 10 percent per year, a dealer told NewsIn.