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Stocks at the Bucharest Stock Exchange eked out a strong gain today, after a choppy trade in the morning and short-lived negative variations throughout the day, with BET index and composite BET-C...
The average budget of a cost per click advertising campaign on social networking site Facebook, that boasts over 1 million users in Romania, ranges between €2,000 and €3,000, according to...
The economic costs of Roma exclusion total €887 million in Romania, and the fiscal losses range amount to €202 million, a World Bank study found.
The National Bank of Romania set a reference rate of 4.1128 lei/euro, up 0.54% from yesterday, in line with the regional trend.
Persisting fears over Greece’s debt troubles coupled with disappointing job data weighed heavily on BSE stocks today, with financial investment companies plummeting 3%.
Revenue collections for the first quarter showed Romania took 35 billion lei, while expenditures across government undershot the target agreed with the International Monetary Fund, sources in the...
Jobless number increased slightly in March by 2,910 from February, to 765,285, the highest since 2003, while unemployment rate came in at 8.36% data from the National Labor Department (ANOFM) show.
Fondul Proprietatea is likely to be prelisted at the Bucharest Stock Exchange’s alternative trading system. Mark Mobius, the chief executive of Franklin Templeton, the investment manager of...
A series of brands, be it from technology, entertainment and film industry manage to deliver a great and lasting customer experience. Mike Wittenstein, customer experience specialist, who managed...
The annual inflation rate dropped in March to 4.2% data from the National Institute of Statistics show. The biggest price hikes were observed in fuels (1.95%).
The local subsidiary of the Japan-based computer maker sold 10,000 notebook computers in the first quarter this year, 25% down from the same period of last year, Lucian Condruz Toshiba sales...
The storage facility that will provide a permanent place for the stockpile of low- and medium-activity radioactive waste, located in Saligny, near Cernavoda, the second of its kind in the country,...
The shares issued by power company CEZ have bee registered last week into the clearing settlement and registry system Ro Clear, at the request of a participant to the clearing settlement and...
The National Bank of Romania set a reference rate of 4.1305, down slightly from Friday, after a volatile morning after weekend tragedy in Poland.
Fund managers’ assets under custody has increased by 28% in the first quarter to 4.46 billion (€1.08 billion). Wall-Street compiled a list of five asset managers by total assets at the...
BET-FI gauge of the five financial investment companies at the Bucharest Stock Exchange posted modets gain today, of 0.27%, while the other indices suffered major declines, with the most actively...
The board of Erste Bank (BSE:EBS) will propose to shareholders a capital increase of up to €200 million for five years, to finance the bank development plans, according to filing to Bucharest...
Global law firm White & Case LLP adds to its leadership team in the Bucharest office Lucian Bondoc as co-executive partner and head of the Mergers & Acquisitions/Corporate and Competition...
Fitch Ratings has downgraded the credit ratings of two banks in Romania, Bancpost and Banca Romaneasca, from ‘BBB’ to ‘BB+’ with negative outlook, following earlier rating...
The National Bank of Romania set a reference rate of 4.1425 lei/euro today, up 0.29% from yesterday, the highest rate since January 21. The leu fell steadily in the early trades, in line with its...
E-learning manager, or the employee responsible for the design and development of e-learning courseware, will make the top of the new most-wanted training and education occupations list of...
Bucharest Stock Exchange ended another day of losses, with the index of ten most actively traded stocks closing down 1%, and financial investment companies posting 1% drop, on choppy trades in...
The first quarter of 2009 has seen 10 new car models launched in the Romanian market, the majority being rolled out in March. Some of the launches of Q1 are available at prices lower than their...
Foreign direct investment inflows in Romania came down to €466 million in the Jan-Feb period 2010, three-times lower than the same period of last year, and covered a mere 61.8% of current...
Piraeus, a mid-sized bank in Romania, said it would enter factoring market by launching Cash Flow Factoring, a product designed for companies in business partnerships with local authorities.
BMW Group sales rose 17% in the first quarter this year, to 312 vehicles, with BMW accounting for 296 vehicles and Mini 16.
EximBank said its 2009 pre-tax profit had risen to 1.8 percent from a year earlier to 170 million lei, on 16% increase in assets to 3.4 billion lei.
Mazars, an international group specializing in audit and advisory services and Weiser, an audit and advisory firm with presence in the north east region of the U.S., have announced today that their...
The insurance industry has been facing the challenge of surviving the financial crisis that has engulfed the entire economy. And for this year, Shaun Russell, the commercial director of Eureko,...
The National Bank of Romania set a reference rate of 4.1355 lei/euro, down 0.17% following the regional trend.
Microsoft Romania, the subsidiary of the world’s largest software maker, said its No1 priority in the local market would be the cloud computing services as of July 1.
Indices at the Bucharest Stock Exchange moved higher today, with the energy stocks gauge making a bold 1.33% leap, buoyed by Oil Terminal (BSE:OIL), Condmag (BSE:OIL) and Transgaz (BSE:OIL).
Varnish and paint manufacturer Policolor plans to spend around €4 million on research and development and production this year, same as in 2009, said the chief executive of the company Achille...
The oil and gas producer Petrom said it had acquired a 54-megawatts wind power production park in Dobrogea area in which the company will invest around €100 million. The wind park is expected...
The number of deals in Romania is likely to remain well below the hectic pace before the onset of the financial crisis for another 30-50 years, since the ‘era’ of large privatizations...
The National Bank of Romania set a reference rate of 4.1397 lei/euro today, down 0.10% from yesterday, the leu following its peers’ downtrend versus the European currency.
Lindab Romania said it would move its sheet metal production lines from Sibiu to Stefanestii de Jos (Ilfov county), in an effort to increase operations efficiency, a move that would result in the...
The Bucharest stock market grew across the board today, even if most traded stocks had a different performance, after poor job data released by the U.S. Labor department sent shockwaves across the...
Europe’s biggest retailer reported a 7.3% year-on-year increase in first-quarter sales in Romania, to €269 million, on continued network expansion and appreciation of the leu.
The National Weather Administration and the International Aviation Safety Association said the ash cloud from the volcanic eruption in Iceland will not have a direct impact on Romania, but is...