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A new survey conducted by personnel management company Paylogic has indicated that employees of private companies will not receive the 13th month pay this year, as in 2008, over 30% of the Romanian...
Mercedes Benz Romania, importer of German-based car, has invested €3 million in an auto parts warehouse in Oradea.
Private equity funds are still an important funding source in the beleaguered entrepreneurial marketplace. However, investors remain very prudent when putting their money in a troubled company,...
German-based retailed has invested around €23.8 million in a new 12,500 sqm outlet of its Romanian Real network, in Ploiesti.
The National Bank of Romania fixed the leu’s daily mid-point against the euro at 4.2373, up marginally from Tuesday’s reference rate, (+0.29%).
Around 150,000 Dacia Duster could come off the assembly line in Romania, while the maximum production capacity at the carmaker’s facilities in Brazil in Russia could roll out up to 100,000...
Bucharest Stock Exchange posted sharp declines on all indexes today, after two special transactions with FIC Oltenia (BSE: SIF5) and FIC Moldova (BSE: SIF2) doubled the market liquidity but failed...
Three specialists with extensive experience in entrepreneurship, M&A and human resources, gave some tips for entrepreneurs to rethink their strategy and enhance efficiency of its business as...
Mercedes-Benz’ share of after-sales operations in Romania in total revenues has increased to 35%-40%, from around 20%.
Realitatea-Catavencu, held by Sorin Ovidiu Vantu, will invest €4.5 million in the expansion of its broadcast television services and online business to Moldova, by launching in February 2010...
Romanian-based Romstrade holding, held by Nelu Iordache, said it was considering investing in Iraq’s infrastructure, aviation and agriculture, by opening an office for intermediation and...
Romania’s trade deficit narrowed sharply in October by 58.7% year-on-year, to around €904.8 million (3.86 billion lei), as the decline in imports exceeded two times the decrease in...
National Bank of Romania set a mid-point reference rate of 4.2347lei/euro, 0.06% lower than yesterday, as the leu got a modest lift versus euro in the interbank trade from its regional peers.
Sanofi Aventis, majority shareholder of Zentiva Romania (BSE: SCD), has decided to rethink its acquisition strategy for the drug producer, and continued to add to its holdings with Zentiva, after...
BSE stocks showed 0.9% gain at closing, under bullish guidance from the foreign stock markets. Rompetrol Rafinare (RRC) gained 6.4%, after the filing of public takeover offer prospectus to Romanian...
Romania has until 2010 to meet the national target imposed by the European Union of 33% for the share of electricity from renewable sources in gross final consumption of electricity, said the...
The National Bank of Romania has set a mid-point reference rate of 4.2477lei against euro, up marginally (0.31%) from yesterday, as the leu has been under pressure Friday over concerns of political...
Romania’s current account deficit shrank 72.2% in the 10month period through October this year, to €3.954 billion, as trade deficit narrowed markedly by 66.9%, according to data provided...
Two months ago, Romanian government collapsed in a Parliamentary no-confidence vote, which offset a political crisis that is already spilling over the economy. The national currency was put under...
The Tribunal of Bucharest has approved last week Plus Development’s filing for insolvency, the developer of My Dream Residence homebuilding.
Romania’s inflation in the 12-month period through November climbed 4.65%, as consumer prices rose 0.67% from October, higher than analysts’ estimates, following price increase of food...
The demand for mortgage loans increased slightly in the third quarter, aided by the First Home scheme which failed to provide a strong stimulus to the market and hence made little difference....
The budget of the Ministry of Transportation and Infrastructure for 2009 has been increased by 267.2 million lei, of which 100million lei will fund major transport improvements performed by...
Austrian-based bank Guttman, that provides private banking and wealth management services will open office in Bucharest early 2010, following to receive the final authorizations by the end of the...
The privately-managed mandatory pension funds (pillar II) and voluntary pension funds (pillar III) had an 12-month average return of 17.5% and 14.9% respectively, while inflation rate stood at...
The Group, Romania’s largest communication company, with turnover of €109.8 million in 2008, said it bought field marketing agency BrandsOn, which will join the 14 companies already...
Tony Gray, who launched Avantaje, Elle, and Viva magazines in Romania, has been appointed as marketing director of communication group Lowe Romania.
The National Bank of Romania will put into circulation for numismatic purposes, 500 silver coins commemorating the 300th anniversary of the birth of Bishop Petru Pavel Aron, the central bank said...
The open-end investment fund Raiffeisen Euro Plus attracted net inflows of over €50 million within only six weeks of activity, the biggest share of inflows coming from natural persons,...
vThe board of BRD Societe Generale held an ordinary meeting today and picked Guy Poupet as the new chief executive of the bank and chairman of the board.
Romania’s October factory output fell1.4% from the same period of last year, at a seven times slower rate than EU average of 10.2%. Romania’s industrial production drop is the EU...
Groupama Insurance has appointed Dragos Calin as country sales director for distribution network management.
The National Bank of Romania has set a mid-point reference rate of 4.2496 lei against euro, up 0.04% from yesterday in quiet trade, after an IMF mission arrived today at Bucharest to discuss 2010...
Pharmaceutical market in Poland will exceed 25 billion zloty (around €6 billion), which shows a significant improvement from last year. On-line pharmacies are expected to be the fastest...
BET index at the Bucharest Stock Exchange traded up 1.7% Monday, led by Banca Transilvania shares (TLV) and helped by the optimism in the foreign stock markets after Abu Dhabi provided $10 billion...
Romanian companies are more optimistic about economic recovery, and access to credit compared to four months ago, Deloitte Central Europe Business Sentiment Index shows.
Luxury car sales dropped 60%in the eleven months period through November this year to 4,474 cars, from 10,975 a year earlier. Luxury car makers reported 53-75% decline in sales at their core brands...
November has seen some 3.25 billion lei (€0.75 billion) in new assets flowing into asset management funds, 11% more than a month earlier. However, top five fund managers list remained...
Of the nine parent banks of the nine largest banks operating in Romania that have committed to maintain exposure to the country at March 2009 level, only three have kept capital levels at the ones...
The board of ArcelorMittal Galati steelmaker told trade union leaders that it was forced to keep employees’ pay frozen to 2008 level, after trade union’s repeated demand for 18% pay rise.