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Romanian currency grew slightly to 4.2924 against the single European currency by the central bank’s BNR reference exchange rate pending the inking of an external accord with the...
German-based retailer Metro reported 2.13 bln euros last year for its operations in Romania, up 9% from a year earlier.
Romania's government bargained with officials of the International Monetary Fund (IMF) for a budget gap of 4.6 percent of the Gross Domestic Product (GDP) in 2009, as the economy will shrink by...
Romanian labor force can still find vacant jobs in agriculture, tourism, environment, and SMEs, enough to cap the number of unemployed below 800,000, said the state secretary of Ministry of Labor,...
Romania's Proprietatea Fund could still be listed by the end of this year, if the process of naming a fund manager is accelerated, declared today the head of the fund, Daniela Lulache, cited by...
Romania's government will revise the budget calculations based on the new 4% compression of GDP assumption which would result in a decrease in budget revenues by 20 bln lei versus the level...
Delin Development Group, Russia’s biggest real estate developer said today it had acquired the assets of Belgian Immo Industry Group, which went bankrupt in mid February.
Romania's largest lender by assets Banca Comerciala Romana (BCR) will change only the consistency and not the size of its staff this year and will raise salaries slightly over to 3 percent,...
The board of Banca Comerciala Romana said it would propose to the next shareholder meeting the distribution of dividends at 40% of the last year’s net profit, calculated on IFRS standards,...
International Monetary Fund and European Commission are due to send a feedback to Romanian Government within 10-14 days, following to hammer out the final points of the stand-by loan agreement,...
EBRD has officially announced it will increase its investments in Romania by an additional 500 million euros to 1 bln euro over the next two years in financial sector, and the remaining half in...
If the fundamental analysis predicts long-term price movements of currencies in Forex market, the technical analysis has become a widespread tool in successfully analyzing and trading on short-term...
Romania has completed negotiations with IMF, European Commission and other financial institutions for a 20-bln euro package, Jeffrey Franks (photo), the head of the two-week IMF mission to Romania,...
Swiss media group Ringier Romania will cut jobs from Evenimentul Zilei daily and Capital magazine, affecting tens of employees, media sources say.
Romania's largest real estate developer Impact reported sales of 20 million lei in the first quarter of the year, 20 percent down from a year earlier, reads a press release remitted today to...
Eastern European states that need budget support from International Monetary Fund should request financial assistance now, said on Tuesday the presidentof European Bank for Reconstruction and...
Air-France KLM airline has completed the acquisition of 25% minority stake in Alitalia carrier, underwriting a reserved capital increase of roughly 323 million euros.
Romania’s talks with IMF and other financial institutions have come to fruition yesterday, when the local authorities have officially announced the rescue package would amount to roughly 20...
Fitch said the Romania’s proposed IMF facility for 12.95 bln euro stand-by arrangement backed by a further 7 bln euro from the European Commission and multilateral institutions should shore...
Investors regained a positive feeling since Romanian authorities clinched the accord with the International Monetary Fund (IMF) and this mirrored into the leu’s growth to 4.2723 over the euro...
After the two-week mission of IMF to Romania, the talks handled by Romanian authorities and IMF, European Commission and other multilateral institutions resulted on March 25 in a rescue package of...
The Silvania tire plant in Romanian locality Zalau belonging to Michelin, the world's second-largest tire maker, will restart activity on April 1 after it shut down for 18 days to adjust orders...
BNR will cut the required reserve ratio for foreign-currency liabilities held by banks, given Romania’s recent loan arrangement, but the reduction process will be “extremely...
National Bank of Romania will approve the international accounting standards by the end of this year, said the governor of National Bank of Romania, Mugur Isarescu earlier today.
BRD deems likely the loan arrangement with International Monetary Fund would ease market interests, in lei, to 10-12%, resulted from the reduction of reserve requirement, said the Chief Executive...
Romanian electricity transporter Transelectrica plans to pay out a gross dividend of 0.30 lei per share from last year's profit, down 17 percent compared to the one granted in 2008, a release...
The multiple impacts of the global crisis, energy security and risks arising from the strategic interests in the Black Sea region are the major challenges that Romanian Intelligence Service will...
The leu devaluation that shook up the market in the past few months has laid bare an aspect that many companies paid no attention to or saw it as still a positive aspect even amid economic downturn...
The currency exchange rate is still at a “feasible” level amid these shaky market conditions, said yesterday the governor of the central bank, Mugur Isarescu. His statements have...
The currency exchange rate is expected to stay in the range of 4.20-4.30 due to the active involvement of National Bank of Romania in the forex market, according to a recent Citigroup report made...
The board of Rompetrol Rafinare (RRC) is requesting to its stockholders to extend a 110mln-dollar syndicated credit facility as a back up for the acquisition of raw materials, according to the...
The Romanian leasing division of the Raiffeisen group announced that its turnover last year shrank by 27 percent to 191 million euros after the global economic situation worsened, especially in the...
Romania’s national currency, the leu, climbed to 4.2484 against the euro at the central bank’s reference exchange rate, the highest peak of the past seven weeks, NewsIn informs.
Despite the effects of the economic slowdown over the recruitment wage costs, the businesses’ urge to source skilled labor from overseas remained strong, reveals a KPMG survey, one of the...
Volksbank Romania said it would not be issuing end of year dividend for 2008 profit as part of its Austrian parent bank’s strategy to recapitalize its balance sheet, this decision being...
Mobile phone operator Cosmote Romania, member of Greece's OTE Group, saw earnings before interest, tax, depreciation and amortization (EBITDA) surge 157 percent year-on-year to 22.5...
Czech-based used car dealer AAA Auto has decided to temporarily retreat from all foreign markets and focus on its main market of Czech Republic and Slovakia, following to suspend operations...
Praktiker Romania, the local unit of Germany's second-biggest DIY retailer Praktiker, reported sales of 1.077 billion lei last year, up 28 percent over the previous, following expansion...
Analysts anticipate the central lender BNR will maintain both the key interest rate and the level of minimum mandatory reserves at the March 31 meeting, though it is likely to change the way of...
The representatives of the International Monetary Fund (IMF) asked the Romanian government to gradually reduce the salary fund from 8 to 5 percent of the gross domestic product (GDP) in the next...