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The European Commission (EC) identified as many as 113 taxes levied in Romania – the largest number in the European Union (EU), and urged the country for a significant cut to fight red tape...
French group Renault, the owner of the country's largest carmaker Dacia, required the Romanian government a state aid worth 170 million euros for Dacia, testing center in Titu, Dacia’s...
The national currency retraced its steps to 4.28 versus the euro after a brief upturn during initial transactions, on a quiet market and following the regional trend, NewsIn informs.
Minister of Finance, Gheorghe Pogea said, after loan talks with IMF, that Romania was taking into account the possibility of -1% - 1.5% economic growth for this year, stressing that the situation...
If in United States of America the sales of anti-depressant drug sales grew by 15% last year, a similar trend was recorded in Romania, where the increase pace stood at 13.2% in national currency,...
After tabling a budget plan for 2009 taking into account a 2.5% economic growth projection, Romanian legislators are also considering the possibility of Romania going into recession after the loan...
President of National Liberal Party said Romania didn’t need a loan agreement with the International Monetary Fund, but the legislators wanted to find a shield that would “protect...
Turnover in Romania's retail, excluding motorcycle and car sales, slipped 0.9 percent in January on the similar month of 2008, following a drop in fuel sales, according to data of the...
Businessman Dinu Patriciu is the only local on the Forbes rank of the world’s billionaires, with a fortune estimated at 1.8 bln dollars, down from last year, when the prestigious magazine...
Romanian steel plant Mechel Targoviste (COS) will send its employees into temporary layoff by rotation following the global economic downturn, which triggered a slump in demand, according to a...
The balance of payments deficit narrowed 54.6 percent in the first month of the year, to 525 million euros, on a significant shrink of the trade gap and on a hike in the surplus on the service...
If last year, the average price for an apartment in Bucharest was 1,776 euro/sqm in February, this year the prices fell 16% down to 1,489 euro/sqm, according to Colliers International monthly report.
With 19-year experience and research in training followed in Great Britain and the Netherlands, John Bax is the general manager of Tryact HRD, company present in Netherlands and Romania. The...
Bucharest Stock Exchange board has requested the Ministry of Finances the listing and trading of treasury notes on the regulated market, as ‘refugee solution’ for investors and...
Tuca Zbarcea & Asociatii broke the 20 mln euro turnover barrier, in terms of fee income for 2008 and expects to break even this year.
Dinu Patriciu, the only local included in the Forbes rank of the world’s billionaires, says an external loan from International Monetary Fund is a very negative signal and that potential...
Romania’s national currency, the leu, lost ground at noon to 4.2862 against the single European currency on a calm market and under the influence of the emergent currencies, NewsIn informs.
1,600 workers of ArcelorMittal Galati signed up for voluntary leave, pending for the approval of the board, after 1,100 steel workers left the unit in January 1-March 1 interval, trade union...
The industrial production in Romania reduced an annual 12.1 percent in January following a one fifth fall of the activity in the processing industry and geared by the lower production in the power...
Annual inflation rate recorded by Romania in February 2009, of 6.9% exceeded fourfold the average of the European Union, Romanian taking up third position on highest annual inflation rate,...
Romanian vice premier Dan Nica declared today after a meeting of the governing coalition that the 2.1 billion euro debt accumulated during the mandate of former Liberal cabinet led by Calin Popescu...
Ford Europe said it would take a set of measures to line up production capacity to the sagging car demand and it would reset the manufacturing plans to meet further needs of the company.
Banca Romaneasca will embrace a safe strategy this year. Thus, the financial institution, member of National Bank of Greece expects a 15% asset growth this year and a slow-paced expansion plan due...
An annual growth rate of 10 percent in lending is still realistic for the end of 2009, but it all depends on the way banks in Romania understand risks arising from the market, declared for NewsIn...
On a local cheese manufacturing industry estimated at 600 million euros, Delaco, one of the market’s biggest player, targets 40% increase in turnover this year compared to 2008, delivery of...
In the midst of a wrenching structural crisis, Romania is talking a rescue package that could be the post-communist era’s biggest loan, after two other EU Members – Hungary and Latvia...
An external loan from International Monetary Fund will fail to halt the depreciation of the local currency versus euro, and the currency exchange rate will likely hike to 4.45 lei/euro by yearend,...
Romania’s national currency, the leu, slipped to 4.2908 against the single European currency by the central bank’s BNR reference exchange rate, on relatively calm market which had a...
Performances of the companies bought by private equity funds marked a roughly 15% increase in revenues than the market average, combined with a 25% outstep in terms of profit, according to Roland...
Under the provisions of Labor Code in force, the content of the employment contract can include four specific clauses: confidentiality, non-competition, professional development and mobility.
Audi, produced by Volkswagen, Europe’s largest carmaker, will dole out more than 25 million euros this year to expand the local network by five new sale and service centers and to recruit...
Foreigners tailored by one half the capital injections pumped into companies on the local financial market in January compared to the same month of the previous year, to 33.66 million euros,...
Nearly 90 percent of Romania's small and medium-sized companies (SMEs) are more or less affected by the financial and economic crisis, declared Ovidiu Nicolescu, president of the SMEs National...
Romania could take 13 billion euros, of the 18 billion euro loan, from the International Monetary Fund (IMF) while the rest of the money will be borrowed from the European Commission, the World...
A crisis of real estate industry was imminent three years ago, yet the market is seemingly more buoyant than insiders had predicted. The global downturn saved us from a local crisis, as the entire...
Once the publication of UniCredit Tiriac Bank’s financial report, the picture of top ten banks in Romania by profit is completed, slightly influenced by the sale of Asiban to which four banks...
Standard & Poor’s Rating Services has affirmed its credit ratings on Banca Comerciala Romana and on its Austrian-based parent, Erste Group Bank AG, reads a press release remitted earlier...
Romania's largest auto maker Dacia, held by France's Renault, plans to export 75 percent of its production output this year, according to the company's general manager, Francois...
Lender Unicredit Tiriac Bank posted a net profit of 358.3 million lei (97.29 million euros) in 2008, up 37 percent on the previous year, as the banks' assets advanced at a similar pace of 36...
The global financial crisis is chewing on Romania's foreign direct investments (FDIs), on the money sent by Romanian workers employed outside the borders and on the country's exports,...