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Romania’s home-building approvals stood at 3,562 in August this year, 23.2 percent below year-ago levels and up 3percent from a month earlier, according to data provided by the National...
The median net monthly pay in Romania grew by 25.6% in 2008 (267 lei) year-on-year, to 1,309 lei, the highest earnings being observed in financial intermediation, insurances and public sector,...
Romanian National Securities Commission has suspended BCR Securities from market operations for three months after its own funds fell below the statutory level required to engage in trading...
Kentucky Fried Chicken opened this week its fourteenth restaurant in Bucharest, following an investment of around €700,000, the fast food company said.
The National Bank of Romania could leave room for further devaluation of the national currency at the end of 2009 or early 2010 in an effort to ease money market conditions, ING said in a report.
The official exchange rate set by the National Bank of Romania climbed 0.31 percent to 4.1981 lei against euro, following the leu's decline in mid-session, on a market with high volatility,...
Renault Romania will unveil its latest saloon car of its range, the new Fluence that will be launched in Romania in November in Constitution Square between 10 and 11th October, at Renault Roadshow.
The car parts remanufactured by Bosch cost 40percent less than the manufactured parts, the most of the orders coming from owners of old cars.
KPMG Romania has appointed two new partners, Ramona Jurubita as tax partner, head of Indirect Taxation services, and Cezar Furtuna as audit partner, effective as of October 1.
The political pressures could increase both in scope and intensity and may affect the already crisis-hit economy, even if so far, the stock market and exchange rates have ignored the political...
“I’m not a big fan of oil pipelines”, said Dinu Patriciu at the Black Sea Energy and Economic Forum when Nabucco pipeline issue was brought to discussion, stating this type of...
The board of Banca Comerciala Carpatica has appointed Nicolae Surdu as chief executive of the bank, replacing Nicolae Hoanta (photo). The board has also approved a dual leadership of the bank,...
Romanian economy will contract by 8.5% this year, and is likely to return to a modest positive growth of 0.5% in 2010, said the International Monetary Fund in its World Economic Outlook, IMF...
Holcim Romania, one of the three local suppliers of cement and aggregates, said it had invested around €11.5 mln in a building material storage and distribution facility in Bucharest.
The official exchange rate set by the National Bank of Romania soared 1.22 percent to 4.2495 lei per euro, as President Traian Basescu's decision to dismiss the Interior Minister Dan Nica and...
Belgian-based financial group KBC said it would continue doing business in Central and Eastern Europe but it might sell a part of its non-core assets in Bulgaria and Romania.
The political instability could limit the government’s ability to bolster the supervisory framework on public finances to narrow the budget gap and would put the stand-by arrangement with IMF...
Mariana Gheorghe, CEO of Petrom, Romania’s largest company said production was at the core of the oil company’s development strategy.
Romania’s governing coalition split yesterday when the president Traian Basescu agreed with the removal of social democrat Dan Nica from his post as deputy Prime Minister and Minister of...
Alain Heureux, chairman of Interactive Advertising Bureau (IAB Europe) told Wall-Street in an interview on how the collapse of Lehman Brothers changed the online advertising landscape in Europe....
Liberty Investments, the buyout firm headed by businessman Dinu Patriciu who acquired earlier this year Georgia’s Narodny Bank, is considering five-six new investments in financial services...
The official exchange rate set by the National Bank of Romania soared 0.68 percent to 4.2782 lei per euro, the highest since March, as the national currency continued to drop in the early trades...
One day after the split of the governing coalition, a flurry of Cabinet resignations, and dismissals are set to deepen the political instability in Romania.
Commercial real estate investment volumes across Europe continued their upward trend over the third quarter 2009, posting a 30% increase to €13.8bn from €10.7bn in Q2 2009, DTZ Echinox...
If until last autumn, the largest real estate deal in Romania would reach €340 mln, the financial crisis has convinced many investors to stay away from real estate deals, while those still...
Dinu Patriciu remains, for the second year in a row, the wealthiest Romanian citizen, with a personal balance sheet estimated by Forbes at €2.2 billion.
KPMG Romania appointed Mark Gibbins as new Head of Tax, with effect from October 1, 2009.
David Smith is the new executive director of within the Fraud Investigation and Disputes Services, the team that is part of Assurance Services.
Electronic payment transactions with the banking card in the first nine months stood at €69.5 million, up 75% from the same period of last year, according to a survey conducted by RomCard.
The National Bank of Romania will launch, for numismatic purposes, a silver coin with a face value of 10 lei and 37mm in diameter dedicated to the centennial anniversary of Port of Constanta.
The request filed by Amonil Slobozia (BSE: AMO) against Chemgas Holding Corporation for postponing the divestiture of the chemical fertilizer manufacturer of a part of its assets, was rejected by...
Financial instruments issued by Deutsche Borse have been registered into the clearing settlement and registry system, RoClear, after in mid September, the Central Depository carried out a similar...
Car makers and dealers sold only 2,882 cars in September under the third stage of the car scrappage scheme, of all the 28,529 cars available, according to data provided by Environmental Fund (AFM).
The official exchange rate set by the National Bank of Romania dropped to 4.2670 lei per euro, after stable evolution in the early trades, correlated to the upward trend of emerging currencies,...
Prime office rental levels have fallen over the last 12 months from €300/sqm/annum to €264/sqm/annum, leaving the rental level for office accommodation at no more than it was three years...
The National Bank of Romania said it added 11.2 bln lei (€2.62 bln) of temporary reserves to the banking system through an overnight repurchase agreement mature on October 7, as the similar...
The sale of non-performing loans by banks to an agency that pursues payments on debts which is a subsidiary of the bank is a violation of the statutes of the banking and civil law and builds an...
Prime Minister Emil Boc said the retirement age would be risen to 65 by 2030, both for women and men.
Even if the tobacco market in Romania fell under the recession-proof industries category, manufacturers have taken steps to reduce spending. In view of the financial crisis, JTI Romania, the...
The official exchange rate set by the National Bank of Romania dropped 0.12 percent to 4.2619 lei per euro, in line with the generally upward trend in the region NewsIn informs.