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Emporiki Bank Greece has agreed to insert 25 million lei into its Romanian subsidiary, completely covering the share capital increase.
Croatia-based pet supplies and accessories store, Pet Centar will open its first store in Romania early next month, in Military Shopping Center, developed by Atrium European Real Estate Limited.
The chief executive of Citroen Romania, Didier Gerard, said the car maker expects strong sales for the newly-launched DS3, since in France sales had already gone to 6.000 units in March alone.
The National Bank of Romania set a reference rate of 4.1285 lei/euro today, down 0.30% from yesterday, in line with the FX markets in the region.
Stocks of financial investment companies at the Bucharest Stock Exchange, regained momentum today, after five straight days of decline, with the BET-FI index jumping 3.5% after Greece’s...
The Austria-based Lasselsberger, the largest manufacturer of wall and floor tiles in Romania, said it would be looking at new overseas markets for exports, such as Serbia, Moldova, Iran, Iraq and...
Investments in Romanian property market climbed to €3108.34 million in the first quarter, from €5 million in the year-ago period, new figures from real estate adviser DTZ Echinox show.
The Romanian National Securities Commission said it approved the delisting from Rasdaq stock exchange the shares of chemicals manufacturer Viromet Victoria (ticker: VIRY), starting tomorrow.
Romania’s economy should remain weak this year, with a mere 0.5% growth in GDP predicted for end-2010, driven by poorly performing industry, construction and trade sectors, X-Trade Brokers...
Catalin Ionescu, the 14-year long serving chairman of the training provider Codecs, sold his stake in the company for €120,000, in a €425,000 deal whereby businessman Ovidiu Tender...
Moody’s ratings said it would likely maintain a negative outlook for the Romanian banking system this year, due to continued negative pressure on financial fundamentals and the still...
Tobacco smuggling rate went down to 33.9% in March, 2.3 pc below Jan level, according to a market review commissioned by British American Tobacco and Japan Tobacco International.
Austria-based energy group OMV, majority shareholder of Petrom, said it agreed to refinance a €1.5 billion syndicated revolving multi-currency credit facility with a five-year maturity.
Discount department store chain Plus said it would open on April 28 at Husi, its 100th store in Romania, which will represent a total investment of €1.5 million.
The Senate has adopted a new penalties policy whereby electricity and natural gas suppliers will face sharply higher fines, if they violate the contracts with the consumers and fail short of the...
In order to move ahead with its plans to go public, a natural step is the development of Diverta Holding division. The valuation of the business and the necessary pre-IPO studies will be carried...
Property developer Impact (ticker: IMP) said it expects its pre-tax profit for this year to come in at 4.07 million lei, according to decisions made by shareholders at the general meeting.
The National Bank of Romania set a reference rate of 4.1246 lei/euro, up 0.15% from yesterday, as the leu fell steadily in the morning against the euro, in a regional move that saw most of...
For the second year in a row, Ringier’s operations in Romania posted the poorest financial results in the group. In 2009, Ringier Romania recorded revenues of €29.3 million, down 37%...
Trend Consult, one of the largest training service providers in Romania, with annual revenues of €1 million, said it would recover most of its investment made two years ago in Austria in 2012.
Tech and telecom companies were once again the ones that created the greatest social media buzz this year, according to "Top Social Brands 2010" study from Biz magazine. Vodafone, the...
The voting power of Romania has been increased in the International Bank for Reconstruction and International Financial Corporation in the Spring Meetings of the World Bank and IMF in Washington.
Romanian executives anticipate a modest recovery of processing industry and services and a "relative stability" in construction and retail industry in the second quarter. However, it will...
Romania could see its gross domestic product stay 0.5% below year-ago level or grow 1% depending on the second-half economic performance of the country and how global markets are charting a path to...
The National Bank of Romania set a reference rate of 4.1430 lei/euro today, up 0.45% from yesterday, as Greece debt problems sent shock waves across currency markets across the world, with emerging...
The internet advertising market in Romania was worth 65.2 million lei in 2009 (€15.4 million), up 10% on a like for like basis on the previous year, according to IAB online ad spend study...
Labormed said it has completed the corporate rebranding process which marks the final stage of the integration of the Ozone and Ozone Natural product ranges acquired last year into Labormed's...
Government securities enjoyed a buoyant session today, as securities worth €44.7 million changed hands today at the Bucharest Stock Exchange propping up today's total trade value to €56.6...
Stocks at the Bucharest Stock Exchange continued to post sharp losses, as Greece debt worries pushed the financial investment companies sector down 2% in late afternoon trading, while bond sector...
Banca Transilvania said its after-tax profit rose in first quarter to 16 million lei (around €4 million), from a mere one million lei in the same period of last year.
Central and Eastern Europe’s Real Estate Sector faces another difficult year in 2010, but prospects for the future are brighter, according to a recent study published by the Urban Land...
Biris Goran, one of the largest law firms in Romania, launched VentureConnect peer-to-peer equity investment application that enables business angels get in contact with local entrepreneurs that...
BRD SocGen lowered its economic growth forecasts for Romania to 1% from 1.5%, after revising last year economic data and worse-than-expected first-quarter performance, according to the bank's...
The National Bank of Romania set a reference rate of 4.1380 lei/euro, down 0.12% from yesterday, as all currencies in the region rebounded after yesterday's sharp decline on Greece debt worries.
Indices at the Bucharest Stock Exchange grew modestly today, by 0.50% for ROTX, while financial investment companies were removed from trading ahead of general shareholders meeting, the liquidity...
IT&C, pharma, BPO (Business Process Outsourcing) jobs top the list of positions that companies in FMCG and financial-banking industries are struggling to fill in 2010, according to a...
Orange Romania, the largest telecom carrier in Romania, said its first-quarter revenues dropped 10.2% to €237 million, from €264 million year-ago period.