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The most expensive properties for sale in Romania this year are once again the historic buildings in the city center, for which asking prices are near €7 million, according to a research by...
MKB Romexterra Bank said the board approved a 97.9 million raise in new equity to 292.35 million lei by issuing new shares at 2.8 lei each to swap the 47 million lei and €7.5 million debt in...
French credit rating agency Coface has affirmed Romania’s credit rating to “B”, non-investment grade but should the economy return to growth, the agency could raise its country...
The Minister of Finance, Sebastian Vladescu will sign on Thursday on behalf of Romanian government the state guarantee agreement for the €400 million loan to Ford Romania from the European...
The National Bank of Romania set a reference rate of 4.1196 lei against euro today, 0.24% higher than yesterday, as all its peers in the region suffered modest declines.
European Investment Bank has granted a credit facility of €50 million to Piraeus Bank Romania for addressing the permanent working capital increase needs of SMEs and financing small and...
Consultants showed considerable uncertainty as to the readiness of in-house legal departments to manage various electronic data for litigation data for litigation and regulatory purposes.
The Bucharest Stock Exchange closed the 2009 chapter with 37% leap in value and although stocks had good returns, they failed to recoup the massive loss of 2008-2009. Based on a report by...
Unprecedented economic conditions impacting businesses over the past year have set the stage for new technology trends, with industry players keeping cost-efficiency and environmentally friendly...
A year and a half from now, Ford should manufacture 250,000 vehicles per year at its plant in Craiova, under the acquisition agreement of Automobile Craiova, the ministry of finance, Sebastian...
What does a cliché sound like? Online advertising makes it easier for advertisers to monitor the success of their marketing campaigns. More specific, in the online environment, the...
Tax reform is crucial now, and the government should start by improving the efficiency of tax collection system from taxpayers and only afterwards to come up with measures to raise state revenues,...
Marvel Promotions, the developer of home-building project Monte Carlo Palace said it would begin the construction works for the most luxurious five-star hotel in Romania, which would cost the...
The tenth generation of compact-car Opel Astra is ready to come off the assembly line for Romanian drivers as of end 2009. The car has been officially launched in Romania for prices ranging between...
Find out what are the high-tech habits and preferences of Razvan Valceanu, country manager of BitDefender, local antivirus software maker.
Low-cost airline Blue Air will launch flights between Bucharest and Dublin and Bucharest and Florence. The new destinations will be included in the summer timetable (March 28 – October 30,...
The reference rate set by the National Bank of Romania dropped slightly today, by 0.14% to 4.1382 lei/euro in line with the regional currency markets.
Spanish-based Inditex, owner of clothing and accessories retailer chain Zara has signed the leasing contract for 4,000sqm retail space in AFI Palace Cotroceni shopping center after three-year-long...
Stocks traded at the Bucharest Stock Exchange suffered a broad-based decline today, led by financial investment companies (BSE:SIF) that plummeted 3.6% as investors preferred to pull their money...
The rate-card advertising spend by Romania’s top 20 advertisers stood at 2008 level last year, namely €2.1 billion, according to data provided by Alfa Cont (gross value, data ignores...
While getting carried away by new, sophisticated technologies like smartphones, mobile broadband or social networks, consumers express higher expectations for service quality and advantageous...
Automotive leasing company Sixt New Kopel through Union Motors Romania (UMR) will add Suzuki line to the dealership selection of vehicle offerings in Bucharest, after saying last year it would take...
The global economic crisis will throw the EU countries into a wider imbalance, and will create opposite extremes between the Member States, while the knock-on effects that brought poor countries to...
The reference rate set today by the National Bank of Romania fell 0.31% today to 4.1252 lei against euro, in line with its peers in the region.
Jones Lang LaSalle has promoted Troy Javaher to head up the real estate advisor’s operations in Romania. He will replace Thierry Delvaux who has filled the role for the past six months.
Raiffeisen Bank, Vodafone and Unicredit Tiriac Bank have renewed the lease on the office space at Bucharest’s Charles de Gaulle Plaza office building owned by German fund GLL Real Estate...
Bucharest Stock Exchange’s major equity index, BET jumped 7.2% year to date, leading Romania to the tenth spot of the world’s top best performing stock markets year to date.
Deloitte Tax is strengthening the Customs and Excise business line with two new additions to the team from rival KPMG: Mihai Petre – Manager and Ioana Lira – Consultant.
Digital book readers (e-readers) that are already enjoying a considerable success overseas will be made available in Romania as of December. Even if the first stock of 200 devices has been sold...
Banca Comerciala Romana (BCR), Romania’s biggest lender, will cut by 2% its fixed interest rates for new leu-denominated loans and by 1% the variable interest rate for ongoing loans and new...
Stephan Maria Weber has decided to give up his post as president of Ursus Breweries, after three years at the helm of SABMiller’s operations in Romania.
The annual inflation rate is likely to come in at 5% in 2010, on growing excises, food and drug prices. Therefore, the central bank may miss its inflation target for the fourth year in a row, ING...
The reference exchange rate set by the National Bank of Romania inched up 0.16% to 4.1319 against euro, in line with its peers in the regions.
Italian-based adhesive and construction materials producer Mapei has acquired an adhesive manufacturing plant from Bulgarian company Orgachim – Policolor for an estimated €3.5 million.
The stock market crash of 2008 heralded a global economic collapse and business calamities. Under the best of circumstances, Romanian execs have understood the purpose the stock market serves and...
With their worst fears of prolonged recession behind them, CEOs' confidence for future growth has bounced back from the gloomy prospects of a year ago, according to PricewaterhouseCoopers 13th...
Dacia has been the brand with the most powerful media presence in 2009, followed by Renault, Ford, Volkswagen, BMW, Mercedes, Audi, Opel, Toyota and Ferrari, according to an analysis carried out by...
Grand Hotel Continental, the newest five-star hotel in Bucharest opened its door to the public today.
The reference rate set by the National Bank of Romania fell 0.34% today, to 4.1179 lei against euro, after a steady growth in the morning.
The stocks at the BSE turned higher in late trading today, closing 1% higher, while financial investment companies (BSE:SIF) outperformed the market with a 1.45% gain, notwithstanding the bearish...