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More than 60% of large local recruiters’ revenues – Adecco, Lugera, Professional service agency, and Aims Capital – derive from staff leasing services, company representatives say.
Romania's central bank (BNR) settled a benchmark exchange rate of 4.1548 lei per euro today, down 0.51 percent over yesterday's level, after the national currency strengthened in the early...
The Government may seek to overtax profit if commercial banks refuse to meet the arrangement agreed with Romanian administration and withdraw their credit lines, said the Prime Minister Emil Boc.
National Council of Small and Medium Sized Enterprises in Romania (CNIPMMR) seeks for approval to include legal persons in the second stage of the car scrappage scheme, said Ion Glisca,...
MOL Romania, the unit of Hungary's biggest refinery MOL Nyrt, reported a 5.8 percent drop of fuel sales in the first quarter this year versus the similar period last year, under the effect of...
New car sales in Romania plunged 50.8 percent in the first four months compared to the similar period in the previous year to 40,558 units, as an effect of the economic crisis which curbed demand,...
PHD Romania, the home delivery division of restaurant chain Pizza Hut expects to feed 2 million euros in the fast food chain’s turnover and to open at least three new units in Bucharest,...
The assets of the five financial companies in Romania known as SIF grew by an average 10.1 percent in April over March, to 5.38 billion lei, but are below the level of at the end of last year,...
The benchmark exchange rate posted by the central bank today pinned the national currency at 4.1630 over the euro, down from yesterday’s quota of 4.1548, NewsIn informs
Romanian lenders’ assets fell to 78.5 billion euros, down 0.56% from end-2008, following sharp devaluation of local currency. Expressed in lei, the banks’ assets climbed 5.66% in first...
The written commitment of the major foreign banks operating in Romania will be signed by the representatives of parent banks within a month, as NBR and IMF agreed upon, and the required amounts for...
Air France KLM, Europe’s biggest airline carrier posted net losses of 814 million euros in 2008/2009 fiscal year, the first losses since its merger in 2003 and said it would continue to its...
BNR may impose recapitalizations in banks or changes in their corporate governance if needed, but there is no systemic risk on sight, said the senior economist of NBR, Valentin Lazea
Citi revised its 2009 GDP growth forecast to -6.0% from around -4.0%, In view of the sharper-than-expected contraction in the first quarter, reads the report released by the representatives of the...
Pharmaceutical market grows slowly in Romania but surely and companies in this sector listed at the Bucharest Stock Exchange seem to cope well with the economic turmoil. Even though, seemingly...
GMP PR has been recruited after a pitch to handle Pepsi Americas’ corporate communication account, which was previously managed by Prais Corporate.
Bosch, one of the world’s largest suppliers of automobile components said it expected the turnover to stand in the range of 159 million euros this year, at the same level as a year earlier,...
Bucharest Stock Exchange’s BET index gained 9% year-to-date, thus lifting Romania’s stock market to 40th position out of 83, according to Bespoke Investment Group statistics.
Inspectors of Competition Council have examined the headquarter of Lafarge Cement Romania, and the two facilities in Hoghiz and Medgidia, following the inquiry launched by Competition Council over...
Piraeus Bank Romania, the unit of Greece's fourth-biggest bank, reported 39 million lei net profit in the first three months, down 15 percent from prior-year period, NewsIn informs.
Rometrol Downstream, the retail division of the Romanian Rompetrol Group, built between January and April 14 new gas stations, the total investment amounting to over 10 million U.S. dollars, NewsIn...
In a deal-free first quarter, the financial crisis that changed investors’ views and emptied traders’ wallets has been the bump in the local M&A activity. Experts interviewed by...
CE Turceni’s production dropped in first quarter by 17.4% down to 1,455 GWh due to economic crisis, while company expects a sharp reduction in net profit.
The benchmark exchange rate set by the central bank BNR stepped up 0.23 percent to 4.1724 lei per euro today, after the national currency depreciated since the early trades, just like the Polish...
The lowest point of recession in Romania, which was a V-shaped bottom, was reached in first quarter, said the governor of National Bank of Romania, Mugur Isarescu.
Chief Executive Officer of CEC Bank, Radu Gratian Ghetea was elected as the chairman of Romanian Association of Banks (ARB), while Petre Bunescu, deputy managing director of BRD – Groupe...
Alexandra Gatej, manager of Unilever South Central Europe will complete her mandate and will become part of Unilever’s team for Central and Eastern Europe as Business Development Director.
While the governor of National Bank of Romania said the V-shaped recession’s lowest point was reached in first quarter, Joseph Stiglitz, Nobel prize laureate in Economics in 2001, said the...
EBRD board has approved the 44 million euro portage equity to Renault Technologie Roumanie (RTR), who will construct a centre at Titu, an automotive testing centre out of France for Renault.
Italy's Alenia Aeronautica said it will submit the final and improved bid for taking over the Romanian plane maker Avioane Craiova, just like the state assets recovery body (AVAS) requested, by...
Romanian economy did not sink to what may be the recession’s lowest point in the first quarter of the year and the gross domestic product (GDP) will further contract but at a slower pace and...
The benchmark exchange rate settled by the central bank NBR inched 0.09 percent to 4.1762 lei per euro today, after the national currency lost ground versus the euro in the early trades, similar to...
Bere Azuga brewer sealed a 10-million euro loan arrangement with Ursus Breweries to cover mature investment loans and work capital needs, reads a press release remitted to Rasdaq stock exchange.
The board of Russian energy giant Gazprom recommended the value of dividends to be distributed at 0.36 ruble/share (0.011 dollars per share), down from 0.37 rubles/share initially announced.
The Body Shop cosmetic and beauty store chain posted 2.3 million lei (0.53 million euro) turnover in first quarter 2009, up 6% from prior-year period, but expects the business to stay in the range...
The total value of the retail loans encountering payment arrears of at least 30 days continued to increase in March up to 1.39 billion lei (328 .8 billion euros), although the average monthly pace...
Introducing a Robin Hood tax on excessive bank profits would only push lenders away from Romania, according to NBR’s chief-economist Valentin Lazea, cited by NewsIn.
ABN Amro bank, controlled by Dutch state, posted 886 million losses after taxes in first quarter, following the acquisition by Royal Bank of Scotland.
Volksbank Romania does not require any additional capital after it reported a solvency ratio of 18.27 percent at the end of March, declared for NewsIn the Volksbank head, Gerald Schreiner.
The four official advertising media negotiating companies in Romania grab an aggregated 65% share of a market estimated at nearly 450 million euros. In parallel, a set of informal joint-ventures...