31 mai 2011

The shares of the leading floated Romanian companies seem to be more attractively valued than the shares of similar companies in Europe, in terms of the main stock exchange indicators, but the more

31 mai 2011

The Treasury is seeking to borrow on the longer term in lei in June, breaking with the tradition of putting up for sale six-month certificates, one of the most sought-after investments. more

31 mai 2011

Replacing managers in the large state-held companies with experienced private sector executives could keep the state from losing money, both Government representatives and officials from the IMF and more

31 mai 2011

Stefan Padure, 36, vicepresident of Angst, one of the largest cold cuts producers on the Romanian market, has left the company today, citing personal reasons. more

31 mai 2011

Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by the current more

31 mai 2011

Dan Roman, 61, one of the best-known managers in the local IT industry, has withdrawn from Austrian IT services provider S&T, a major player on the Romanian market, to pursue a new business. more

31 mai 2011

Ford has committed in the privatization contract signed in September 2007 to manufacture 250,000 cars in Craiova in 2011, a target impossible to achieve considering that only 3,000 cars were built in more

31 mai 2011

Staple foods became 2.1% cheaper in May against March, reveals the ZF index, calculated based on the prices in Bucharest hypermarkets. more

31 mai 2011

The number of Romanian employees who earn an average gross monthly salary of more than 5,000 lei (EUR1,200) fell by nearly 25% between 2008 and 2010, with the two years of recession wiping 30,000 off more

31 mai 2011

Romania’s ninth-largest bank by assets Bancpost, controlled by Greek financial group Eurobank EFG, is readying new cost cut measures, including personnel layoffs, following a loss of EUR1 million more

31 mai 2011

Assets halving to 1.6 billion lei (about EUR388 million), a 76% rise in provisions for non-performing loans, a 23% personnel cut, the deterioration of the cost/income ratio to over 75% and losses more

31 mai 2011

The group of German and Dutch investors that earlier this year announced a EUR8 million investment into the largest cattle farm of Romania (2,000 heads), have now signed a contract to sell the milk more

31 mai 2011

Ioan Tecar, owner of a group of companies with a total turnover of almost EUR90 million, is one of the Romanian entrepreneurs who took advantage of the crisis and he has managed, through successive more

24 mai 2011

The wave of promotional offers for consumer loans that bankers brought to the market this spring has failed to persuade clients to borrow more, with sales continuing to be below the volume of loan more