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Household and corporate deposits in local and foreign currency continued their upward trend in July, growing at a monthly rate of 0.4% up to 158,634 billion lei (37.66 billion euros), on increasing...
Romania’s economy is unlikely to emerge from recession until the second half of 2010, and a recovery will probably set in a year from now, according to Kenneth Orchard Senior Analyst in...
The non-performing loan rate is likely to reach 15-20% of the Romanian banking system in mid 2010, due to the ongoing deterioration of bank assets quality in Eastern Europe, according to the latest...
GarantiBank has approved the first loan under “First Home” scheme, of 57,000 euros for 30 years and at a monthly rate of 303 euros, for a two-room apartment in a new homebuilding in...
Romanian economy stabilized and “from now on, the only way it can go is up”, and the numbers in the fourth-quarter this year and first quarter of 2010 will confirm the positive...
Romania’s ministry of finance announced plans to eliminate up to 326,000 public sector jobs over the next 6 years, from 1,394,000 to 1,068,000, while public sector pay could rise 56% in...
The benchmark exchange rate posted by the National Bank of Romania remained at 4.2236 lei per euro, as the leu's advance was insignificant, on a market with low volatility, without important...
Global Forum, the most prestigious international event of information technology and communication will take place this year in Romania on Monday the 19th and Tuesday the 20th, October 2009.
BenQ Romania said its share in the local projector market fell sharply from 21 percent in first quarter to 15.23 percent in the second quarter of the year.
The volume of retail and business loans decreased in July for the fifth successive month by 0.1 percent versus June, to 197.9 billion lei, and the annual advance slowed down to10.8 percent, from...