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The majority of Romanian savers prefer to set up deposits in euro, feared by a sharper devaluation of the local currency, even though their incomes are in lei. However, despite National...
The benchmark exchange rate settled by the National Bank of Romania slipped to 4.2434 lei per euro, as the local market remains inactive, with narrow fluctuations and low volumes, NewsIn informs.
Fitch Ratings has downgraded on Monday France-based retailer Carrefour S.A.'s long-term issuer default rating and senior unsecured rating to 'A-' from "A", and short-term IDR...
Sonia Nastase has been appointed chief executive of Howard Johnson Grand Plaza hotel, with effect from mid October. Sonia Nastase is thus the first woman to serve in this post in the local...
Salary adjustment measures in public and private sector were too slow and both companies and state institutions may speed up the process through the remainder of this year, according to an ING...
The low-cost air carrier Blue Air, second largest in the local market, will launch new daily direct flights between Bucharest and Vienna from September 14, in order to fill the supply gap caused by...
Brian Arnold, with extensive experience in mergers and acquisition market, has been appointed as the new tax partner in the tax and legal services practice with PricewaterhouseCoopers (PwC) Romania.
The crisis that began to take hold of the job market, the future of the country’s fresh college graduates appears bleak. While some of them stay in the large cities to continue their hunt for...
After a whopping 40% decline in housing prices in Bucharest (prices expressed in euro), the cheapest home is now priced as low as 30,000 euros.
Borrowing costs remained high throughout the summer, lenders showing timid rate-cutting attempts, despite the NBR governor’s estimates that Romanians would find better lending terms as they...
On a footwear retail market that recorded a 30% decline in sales in 2008, companies sought to improve both profitability by cost-cutting measures and efficiency of the business.
The benchmark exchange rate settled by the National Bank of Romania dropped 0.12 percent to 4.2382 lei per euro, as players focused investments on the emerging currencies, which pushed the national...
Competition Council said it was analyzing the antitrust issues raised by the acquisition of Ozone Laboratories’ assets by Advent. The assets under the purchase agreement include both Ozone...
US-based car manufacturer Ford, introduced yesterday the assembly line at the its auto manufacturing plant in Craiova, Romania, rolling out the first early production example of the Ford Transit...
Minister of Labor, Marian Sarbu said the number of laid-off workers will be contained in the target range of the National Prognosis Commission (CNP), of 620,000 and said “the unemployment...
Romania slumped ten positions in the world ranking of economies that put in place reforms making it easier to do business, to 55th of 183 economies, after showing progress in one indicator set, but...
Bulgarian-based buyout firm Balkan Advisory Company – IP EAD was admitted as clearing participant to the clearing settlement and registry system of Central Depository, but not in the role of...
Romanian Association of Banks proposed to the central bank the conversion to international financial reporting standards on January 1, 2012, which means that the introduction of IFRS provisioning...
The benchmark exchange rate settled by the National Bank of Romania increased 0.19 percent to 4.2463 lei per euro, after the national currency fell in the early trade, and recovered slightly at...
Black Sea Global Properties Limited (BSGP) held by Dinu Patriciu has raised its stake in the German-based Deutsche Land, from 29.9 percent to 32.1 percent of the existing issued ordinary share...
The opening of AFI Palace Cotroceni , the largest and much-anticipated shopping center in Romania will not be open in September as scheduled, but in October 29th, according to developer AFI...
Romania’s economic QoQ output could be back in the positive territory in third quarter or fourth quarter the latest, said the governor of the National Bank of Romania, as the factory output...
First Home scheme has raised controversies in the residential industry, from real estate agents to home appraisers as homeowners lifted asking prices, speculating a growing demand. However,...
Annual inflation rate fell below 5% mark in August, down to 4.96%, according to data provided by the National Institute of Statistics. In July, the inflation rate fell to 5.06% month-on-month.
Tarom airline recorded a passenger load factor of 63.9% in July, the lowest level of all European air carrier, according to data provided by the Association of European Airlines.
Banks will formulate a set of guidelines for small and medium sized enterprises, on debt restructuring mechanisms, methods and techniques meant to assist companies in the consultation and...
Romania ranks fifth in the region based on the level of representation in Top 500 Central Europe with 34 companies while the combined turnover of the biggest Romanian companies grew by almost 24%...
The benchmark exchange rate established by the National Bank of Romania advanced 0.08 percent to 4.2495 lei per euro, following slight depreciation trend seen by most currencies in the region,...
The trade union federations representing the public servants, police officers, teachers and the health staff will call a general strike on October 5, on disputes over with the single wage grid...
Competition Council has initiated four separate inquests into suspected breach of Competition Law and EC Treaty arising from alleged food price-fixing by the four retailers, Billa, Selgros, Mega...
GE Money, the retail personal finance division of General Electric Romania said it had appointed Raluca Chiciu, Head of Compliance and Internal Audit for Romania, in a similar position at a...
Lutz Stache, with 700-million euros investments in three continents, has relinquished its construction business in Romania that generated 50 million euros, in order to concentrate the capital in...
Romanian drug wholesaler Farmaceutica Remedia, held by Valentin Tarus, said it had put off for next year the acquisition talks with regional Suceava-based drug company Dornafarm.
American Restaurant System that operates under franchise agreement Pizza Hut restaurant chain said it expected the this year’s sales to remain at the same level as 2008, namely 10 million...
Competition Council opened four new investigations into alleged violation of national antitrust laws in the drug wholesale industry. The companies under probe are Bayer Romania, Baxter Romania,...
George Lemnaru is the cofounder of eRepublik, the economic, political and military strategy web browser game with tens of thousand users across 60 countries. If money were no object, he would buy...
The benchmark exchange rate settled by the National Bank of Romania rose 0.13 percent to 4.2552 lei per euro, the highest level of the past five months and a half, on a calm market, without...
Peter M. Weiss stepped down as CEO of RBS Romania after completing his four-year term and will be replaced by Johan Gabriels who will take on the new role as of October 2009, after being approved...
Tomorrow, September 15 will mark the one year-anniversary of the collapse of America’s one of the largest investment banks, Lehman Brothers, a moment considered by many as the ground zero of...