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Credics Romania, the subsidiary of Israeli-based payment processor, expects revenues of €4 million in 2010, double from a year earlier, said Diana Munteanu, chief executive of Credics Romania.
Shopping business TCE Logistics, part of RTC group, held by businessman Octavian Radu has claimed the start of insolvency proceedings, the legal administrator being the Insolvency House Transilvania.
The National Bank of Romania set a reference rate of 4.2200 lei/euro, down 0.26% from yesterday’s six-month high.
Members of the Financial-Banking Analysts Association (AAFBR) said the May monthly inflation rate was 0.1% and that annual inflation rate would slow down to 4% by the end of the year.
Cement manufacturer Carpatcement Holding, the local subsidiary of the German-based HeidelbergCement named two new non-executive administrators in the board, according to data from the Official...
The early repayment fee charged for consumer, mortgage loans or lease-to-purchase agreements will be capped at 1% of the amount paid before due date, if loan is due within more than a year, and...
The five-star hotel in Bucharest, Athenee Palace Hilton recorded a room occupancy rate of 64% in the five-month period into May, according to Friedrich Niemann, chief executive of the hotel.
Stocks at the Bucharest Stock Exchange posted significant gains today, after the major retreat yesterday, the biggest advance being recorded by the five financial investment companies.
The President of the European Parliament, Jerzy Buzek will be in Bucharest this week “with a strong message of solidarity for Romanian citizens” to whom he will say that a tough...
Although the unemployment rate decreased in May, for the second month in a row, to 7.67% from 8.07% in April, human resources specialists say this can be attributed to the increase in seasonal job...
Richer countries do not generally outperform poorer opposition in football, according to a PricewaterhouseCoopers LLP report released today.
In Romania 11% of companies said their boards were not concerned about personal liability for companies’ actions, significantly higher than the global result of 4% and the Central Eastern...
Venture capital fund Enterprise Investors, that acquired in Romania supermarket chain Profit, said it bought 49% interest in Dino, a convenience store chain west Poland for around €50 million.