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The behavior of the wealthiest sector in Romania has now changed, a marketing study ordered by Lotus Cismigiu found. The luxury car sector is the most affected, being followed by the watches and...
Romania's national currency, the leu, appreciated slightly by 0.03 percent to a reference exchange rate of 4.1963 against the euro, after a early-session climb followed by a constant fall, on a...
Mortgage lender, Verida Credit estimates a 37.5% decline in average home loans size, down to 50,000 euros from 80,000 euros.
Marius Persinaru was promoted to VP Operations DMO East, a newly-established division at Xerox. He will take over the new responsibilities starting July 1, 2005, after a five-year experience in...
In a struggling crisis-hit economy, investors have shifted focus to small-scale deals. M&A specialists interviewed by Wall-Street explained the premises of this downscaling and prospects of an...
Currency exchange rates will hike to 4.5 lei/euro over the next six months, only to go back on a bullish trend and increase to 4.15 lei/euro in another six months, ING said in the latest report on...
Badea Clifford Chance lawfirm has advised another transaction in Southeast Europe, having recently assisted UniCredit Bank Austria and Yapi Kredi, one of the largest Turkish private banks, in...
IMF mission is expected to arrive in Romania on July 28, to assess the nation’s economic performance and enforcement of previous recommendation, which will condition the disbursement of the...
The benchmark exchange rate posted today by the National Bank of Romania increased by 0.36 percent from the previous session to 4.2116 lei per euro and the national currency idled at noon close to...
The chairman of the Authority for State Asset Recovery, Mircea Ursache said that Financial Investment Company (SIF) ASAR’s paramount objective was to fructify minority positions in the...
Various Italian investors have expressed their interest in investing in local market, in fields such as infrastructure and energy, according to Mario Iaccarino, director of Italian Institute for...
The largest account under RBS’ private banking division management in Romania, Royal Preferred Banking, exceeds 3 million dollars. The bank administrates total assets of 100 million euros,...
ProCredit Bank, a small-sized bank in the Romanian banking system has cut interest rates by 2.5 bp for all loans designed to small businesses, freelancers, SMEs and farmers, as of June 1.
Gross Domestic Product could be significantly lower in second and third quarter of the year, although the predictions don’t include a double-digit decline, and in July-August, Romania’s...
President Traian Basescu declared that local banks preferred to conclude a smaller number of loan contracts but with higher values and that they charged abusive interests, prejudicing on medium and...
Romania's retail segment scored 23rd out of 185 countries by the level of interest it arouses in foreign investors, down one position versus last year, as an impressive number of stores were...
First Home Owner scheme was introduced by the Romanian government as an incentive for the housing market. The program is partially similar to other schemes previously established in United States,...
Renault Romania, the new importer of the French brand in Romania, will deliver the new Clio family (Clio 3, Clio Estate and Clio Sport) on June 25.
Romania's balance of payments deficit reduced 78.9 percent in the first four months of the year, to 1.182 billion euros, after a significant shrink of the trade gap and the high level of the...
Romania’s foreign direct investments dropped by 44.4% over the first four months of 2009 YoY, down to 2.055 billion euros, entirely covering the current account deficit, according to data...
The reference exchange rate settled by the National Bank of Romania reached a new eight-week high, to 4.2325 lei per euro, after the national currency depreciated 0.04 percent over yesterday, on a...
Arcelor Mittal has completed the installation of an automatic model-based control of plate thickness and profile system at Heavy Plate Mill 2, after 8mln-euro investment.
Over-the-counter drug market contracted 9.3% in terms of volume in the 12 months to April 2009, while the value of drugs sold without prescription increased by 1.1% in the same period, according to...
Rafo Onesti refinery will propose to shareholders the increase of common capital by 7,064, by issuing 2,825 shares at a nominal value of 2.5 lei/share and integrating the outstanding receivable of...
BGS Group owned by Oprea family has started the proceedings to list its common stock on the Nasdaq (equity securities trading market in New York) where the security-service provider would issue 30%...
The Romanian mandatory funded pension market (Pillar II) will count only nine large funds after other mergers are concluded, following a consolidation process of the private pension market, the...
Renault Romania, importer of the French brand in Romania, recorded total sales of 3,505 cars in the first stage of the scheme ran in March-May, of which 1,188 sold through the national car park...
The positive trend of the economic sentiment indicator for Romania from May has not carried forward into June, slipping into the red, despite the strengthening of the economic outlook for Central...
The benchmark exchange rate settled by the National Bank of Romania slipped 0.02 percent to 4.2317 lei per euro, despite the national currency depreciated almost constantly during today's...
Romanian tycoon Dinu Patriciu told Realitatea FM news radio that Marine Resources Exploration International SRL, to whom 9,000 sq km continental shelf of Black Sea were leased, has only few tens of...
Unilever appointed Marc Desefans at the helm of Unilever South Central Europe, the regional company that governs from Bucharest the group’s operations in the Balkans, succeeding Alexandra Gatej.
215 billion-euro in EU funds could give a “shot in the arm” to economies in CEE, according to a new report by KPMG in Central & Eastern Europe.
The 60,000 euro credit available through “First Home” program will be guaranteed by the state also for first homebuyers building a new home, while the banks are due to send interest...
In the midst of financial crisis, Romanian collective investment schemes (most commonly known as mutual funds) are tapping new opportunities arising in emerging markets. Although the portion of...
The local market of antidepressant drugs increased by 6.4% in volume in first quarter of the year, according to Cegedim research.
Andreas Maragkoudakis, the CEO of Banca Romaneasca, held by Greek-based National Bank of Greece will leave his management position, following to retire on July, according to market sources.
National Bank of Romania posted a benchmark exchange rate of 4.2209 lei per euro, down 0.26 percent on the previous session, as the leu climbed in line with other emerging currencies in the region,...
Financial company SIF Transilvania (SIF3) sold its holding of 3.49 percent of the share capital of lender Bancpost for 12.75 million euros, the same price to that obtained by SIF Banat-Crisana...
When your business is struggling to survive the crisis, when all the monthly payments and taxes become a burden too heavy to carry and the dreary shadow of bankruptcy darkens your future, there is...
Employers in Romania and Taiwan are having the most difficulty finding the right people to fill vacant jobs due to talent shortages, shows a Manpower survey on the extent to which talent shortages...