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Although over the past few years the Romanian M&A market increased significantly, the nation’s biggest threats lay in politics and currency exchange, risks closely reviewed by any...
The private equity group, GED Capital Development is set to invest 70 million euros during the next two years in Romania and Bulgaria, Anca Ionescu, director of the group said at Wall-Street...
Financial crisis has choked the mergers and acquisitions marketplace in Romania, in first five months of this year, drowning it to 199 million euros, 93% down year-on-year, Ioana Filipescu,...
Investors’ hesitance is non-lucrative to the market, as many companies are struggling to survive and need to be re-engineered, said Ciprian Paltineanu, chief executive officer of UniCredit CA...
Romania's big agriculture producers predict that this summer's drought could affect up to 80 percent of the cereal production, the most severely damaged being the corn and wheat crops,...
After mid September last year, the market situation worsened in Romanian economy and a top 5 bank received a 200 mln euro aid to avoid bankruptcy, said Doru Lionachescu, partner at Capital Partners...
The Auto sector will emerge from the economic crisis with fewer but potentially stronger dealer networks offering greater levels of quality and professionalism, shows an independent survey of the...
Romania's Health Minister Ion Bazac confirmed today two new cases of infection with the virus H1N1 in the one year old child and the father of the woman diagnosed yesterday as the first swine...
BMW Group Romania, dealer of BMW and Mini premium brands, will bring the new BMW X5 model in Romania, at a price of 106,505 euros and BMW X6 M at 108,885 euros (VAT included).
Procter&Gamble’s operations in Romanian FMCG market reached 1.96 billion lei (531 million euros) last year, down 4.1% from 553.2 million euros in 2007.
Online payments provider PayPoint plc reported total revenues of 257 million euros in 2008, up 7% from a year earlier, following 10% increase in transaction volumes, and 38-mln euro operating...
Bank of Cyprus reported net profit of 2 million euros in first quarter 2009 for its operations in Romania, up 53.8% from 1.3 million euros in prior-year period.
Shareholders of the Bucharest Stock Exchange (BSE) approved so far three key-points on the general meeting agenda, the financial results of last year, the inventory discharge and the profit...
Fitch Ratings has downgraded The Rompetrol Group's long-term foreign currency issuer default rating to 'B' from 'B+' with negative outlook, due to weaker-than-expected funds...
Spurred by the projects in the public sector expected to be delivered in second and third quarter 2009, the Lenovo’s general country manager for Romania and Bulgaria says the market will...
ATEbank Romania, the unit of the state-controlled Greek-based Agricultural Bank of Greece SA, recorded a net loss of 21 million lei in the first quarter of the year, but estimates it will resume...
Romanian gas supplier Distrigaz Sud officially changed its name to GDF SUEZ Energy Romania, a release from the company reads.
State-owned gas producer Romgaz and Russia's gas monopoly Gazprom signed a memorandum for collaboration which set the grounds for a future joint venture, declared the Romanian Economy Minister,...
The Nokia factory in the Transylvanian town of Jucu started producing accessories for mobile phones a few weeks ago and will be the only supplier of such products for Europe, declared the Nokia...
The National Bank of Romania’s international reserves rose to 26.85 billion euros in May, up 7.9%, after six successive months of decline, largely due to the first installment of the stand-by...
Banca Italo-Romena, the local subsidiary of Italian-based Veneto Banca posted net profit of 7.72 million euro in first quarter this year, up 29.9% from prior-year period.
The number of completed new homes dropped by over 300 in Q1 2009, from prior-year period, down to 10,595 homes delivered, according to data provided by the National Institute of Statistics.
Nuclearelectrica, the state-run power company in charge of supervising the nuclear power plant in Romania, registered a 16 percent advance in net profit last year, largely due to the connection to...
With the development of new computer technologies, Internet and mobile telecommunication systems, monitoring the employee’s activities at workplace as well as tracking the employer-owned...
Romania's central bank NBR announced today a benchmark exchange rate of 4.1924 lei per euro, after a devaluation of the leu in tune with emerging currencies in the region, on growing...
The euro-area seasonally adjusted unemployment rate climbed to 9.2% in April, the highest rate in ten years, according to the European statistical arm, Eurostat.
I.R.I.S, the sole Apple distributor in Romania was renamed as “Apcom Romania” after a regional rebranding process by which all local distributors of Apple products and services were...
Banca Comerciala Romania has proposed that 15% of its card volume to be based on chip technology by the end of the year, allocating between 3.5 and 4 million euros for the transfer proceedings.
Csaba Gergely, aged 39, was appointed as HR manager at consumer credit supplier Provident Financial Romania.
Romania’s prime minister Emil Boc said that the First Home Owners (Prima Casa) program addressing young families could be started earlier than planned and that 16 banks voiced interest over...
Negotiations between Petrom, the Economy Ministry and Oltchim for the takeover by the chemical plant in Ramnicu Valcea of Petrochemicals Arges will last for another month, declared for NewsIn the...
Administrators of private mandatory pension funds (Pillar II) saw last year total losses of 859.04 million lei, three quarters of the amount being accounted for by Allianz, ING and Generali,...
The governor of National Bank of Romania, Mugur Isarescu said he was interested in continuing as governor of the central bank, position which he holds for over 19 years.
BRD will increase its solvency ratio to 11.6% by the end of July, by adding the unshared profit for 2009 to the capital, hence no need for further cash injections to stay above the regulatory...
The net average income grew in April by 0.4 percent versus March, to 1,408 lei on Easter bonuses, on amounts from the net profit and on higher production, announced today the national statistics...
Romanian state-owned gas producer Romgaz ended last year with a net profit of 537.29 million lei and with a turnover of 3.280 billion lei, according to data sent by the company.
Whether it’s exclusive mandate, with sell or buy-side initiative or partial services, such as due-diligence, every facet of the deal has to be reviewed and assessed by financial advisors and...
The European Bank for Reconstruction and Development is making its first equity investment in a private Romanian corporation in a transaction that will boost the competitiveness and market position...
ING NV said it would keep doing business in Romania, as part of the strategic objectives of the Dutch-based group, together with other markets in the region, said the general manager of ING...
The benchmark exchange rate posted by the National Bank of Romania today slipped by 0.03 percent to 4.2132 per euro on regional trend, the news from Latvia trimming currency market deals, NewsIn...