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After a year marked by pessimism due to the financial crisis, Romanians consider the financial situation of their households has improved in December, a survey carried by GfK Romania showed.
Municipalities issued 48,833 construction permits for home buildings in 2009, 201.1% below 2008 levels, data from the National Institute of Statistics show.
Property-casualty insurer AIG Romania has been renamed as Chartis Romania, the brand under which it AIG Europe operates since July 2009.
The National Bank of Romania set a reference rate of 4.1220lei/euro today, down 0.24% from Thursday, as Greece’s default concerns have weakened Euro against a basket of currencies.
After one year as the country’s top low-cost aviation company in Romania, Wizz Air gave up the top rank to its rival Blue Air. With 1.71 million passengers carried and €150 million...
The unemployment rate in the European Union rose 0.1% in December from a month earlier to 9.6%, the highest rate since the start of the series in January 2000, while in the euro area, it stood at...
Stocks at the Bucharest Stock Exchange traded sideways today, the liquidity being propped up by transactions with state securities that totaled 26.2 million lei.
Coca-Cola HBC Romania, the world’s largest soft-drink maker earmarked nearly one million euro on staff training schemes last year, according to Simona Popovici, country human resources...
Mobexpert, one of the biggest home-furnishing retailers in Romania said its 2009 sales sank 21% year-on-year to €115 million, at a double rate than estimated, largely due to the sharp...
The reference rate set by the National Bank of Romania fell heavily today by 1.01% to 4.0805 lei against its European counterpart, the strongest level in a year.
Omnilogic, one of the largest providers of computer technology solutions in Romania, announced the launch of OmniVServ, its first cloud computing service for businesses and individual users that...
Nokia Siemens Networks, the telecom company formed of Nokia Ayj and Siemens AG, has taken another step in its commitment to deliver energy-efficient high-speed mobile broadband services to its...
Marius Melesteu, former marketing executive of Brau Union – Heineken, has been appointed as general manager of Strauss Romania. Paul Markovits, former marketing director of Vodafone will...
HP’s remote processing services center, Global eBusiness Operations Center (BeBOC) said it would increase headcount by 30% (600 staff) by the end of the year, by attracting students and...
The FIC sector (BSE:SIF) posted a hefty 4% gain today, on big appetite on the buy side ahead of Government's decision to set a higher cap on equity holdings in financial investment companies.
Daniel Ionescu, former manager at BitDefender, has been appointed as strategy and marketing director of TotalSoft, one of the leading providers of business solutions in Romania. Ionescu’s...
Banca Transilvania said its 2009 net profit slumped 85% to 61.94 million lei (€14.64 million) from a year earlier.
Renault will unveil its new coupé-roadster, Renault Wind based on the Twingo, at the Geneva Motor Show in March.
Businessman Jean Valvis borrowed €9.2 million from BCR through Carpathian Springs, in the form of investment loans and working capital which will be used for the construction of mineral water...
The National Bank of Romania is likely to cut benchmark interest rate by three quarters of a percentage point to 6.75%, given IMF’s decision to free up the funds under the rescue package, and...
The EUR/RON reference rate set by the National Bank of Romania rose 0.18% from Monday, to 4.0877 lei against euro, on massive capital flight from the leu and from other currencies in the region.
Mobile phone marketing agency Syscom Digital, established last year in Romania, has opened a branch in Chisinau.
ALD Automotive, the vehicle leasing arm of Societe Generale had 5,147-vehicle fleet at the end of 2009, and after only two months into 2010, the company expects to have 6,000 vehicles under...
Luxury car sales fell 56% to 4,234 vehicles last year, from 9,554 in 2008. However, many of the nameplates in 2008 top 10 list have remained the best-selling luxury cars through the 12 months...
Romania and Azerbaijan have signed a memorandum of understanding on a strategic energy partnership, and is expected to conclude a similar agreement with Georgia in the next days, according to the...
The policymaking group of the National Bank of Romania cut the monetary policy interest rates from 7.5% to 7%, effective February 4, 2010, in line with analysts’ forecasts.
Romanian car brand Dacia participated with its Duster model at the 2009-2010 edition of Trophée Andros ice-racing, and came out second, after Skoda Fabia.
Oil company LukOil Romania, subsidiary of Russai-based LukOil, posted $1.31 billion revenues 38% below year-ago levels, and $50 million, according to the chief executive of the company, Constantin...
Retail trade turnover fell 6.1% in December from the same period of 2008, weighed down by fuel sales and food & non-food, data from the National Institute of Statistics show.
Sorina Donisa, former chief financial officer of human resources company APT Resources & Services, member of APT group will take up the chief executive role at the company. She will succeed...
Domestic airline Tarom said it will begin weekly service between Bucharest and Riga as of March 28, 2010 with four round-trip weekly flights at special fares starting from €124 (all fees...
The National Bank of Romania set a reference rate of 4.0964 lei against euro today, 0.21% higher than Tuesday’s level. After a sharp weakening to 4.1018 against euro in the morning, the leu...
More than half of companies in Romania are planning to hire at professional and managerial level over the next quarter, according to the findings of “Global Snapshot” survey conducted...
Claudiu Manolescu has been appointed as Chief Financial Officer (CFO) of outdoor advertising companies Euromedia and Beta Cons, members of Epamedia, with effect from February 1.
The stocks at the Bucharest Stock Exchange closed on the upside by modest margins today, with 0.50% gain while the FIC sector’s growth (BSE:SIF) came in far short of estimates, despite the 3%...
Vodafone Romania, the second largest telecom carrier in the local market, said its revenues in the quarter ended December 31, 2009 fell 23.8% from the same period of 2008.
The local provider of media monitoring and evaluation, Media Image, said it expects a 10-15% growth in turnover, to €1.8 million. A large portion of the growth will be driven by the bespoke...
The steps taken by the governments to respond to the global economic downturn with taxation measures focused on raising state revenues to head off a further deepening of the budget gaps. In...
Coca-Cola Hellenic, the country’s largest soft-drink maker reported 12% decline in full-year sales, citing poor economic environment and rising unemployment rates.
The national currency fell markedly against euro today, to a reference rate of 4.1214, in line with its peers in the region, while the US dollar posted substantial gain versus its European...