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Private airline Eurojet, member of Avolus Group, said it acquired the Cessna Citation XLS 2008, the best selling private medium-sized jet for €9.6 million.
The 15% cut in pension is close to being rejected by the Constitutional Court of Romania, while public sector wages will be cut, sources close to the issue said.
Malta-based Whitebeam Holdings Limited, together with Tidal Wave and Policolor SA tapped paint and varnish manufacturer Orgachim for stake acquisition talks.
The Association for Private Pension Funds in Romania (APAPR), has receive the official confirmation from the Romanian authorities that the contributions level for the second-pillar retirement plan...
The local insurance market recorded an aggregated 2.989 billion lei in gross premiums written in January-April period, 4.4% down from the same period of last year, when total GPW came in at 3.128...
Indices at the Bucharest Stock Exchange plummeted on the Constitutional Court ruling on the constitutionality of the austerity package. The court rejected two of the key parts of the package,...
Leu plummeted to a record low against its European peer today, to 4.2808 lei/euro, on the ruling of the Constitutional Court on the Government austerity package.
The first vice president of PDL, Teodor Stolojan, said today that the International Monetary Fund assistance could be delayed due to the Constitutional Court overturn of the 15% pension cut...
The Government is discussing a back-up set of austerity measures with the International Monetary Fund, European Commission and World Bank, Prime Minister Emil Boc said earlier today, adding the...
Today's ruling by the Constitutional Court will lead to a delay to the International Monetary Fund assistance, said Kenneth Orchard, Moody’s analyst, who added that Romanian...