Romania's Public Debt Nears 40% Of GDP
today, 00:00
Romania’s public debt is approaching its sustainability limit, 40% of GDP, the maximum level accepted by investors. At the price of creating a liquidity buffer, the growth of the public debt was sped up in the first quarter.
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First Banking Merger Since Start Of Crisis: Intesa Absorbs CR Firenze today, 00:00
The current managers of Intesa Sanpaolo will run the new bank, and the terms of the managers and of the members of the supervisory board of CR... more
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Alfred Toepfer Continues Investment In Romania With 18,000-Ton Silo today, 00:00
Alfred C. Toepfer International, the second leading agricultural raw materials trader on the Romanian market, with more than EUR400 million in... more
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Appetite For Luxury Cars Returns today, 00:00
The luxury car market overshot the EUR6.5 million mark in the first four months of the year, according to a ZF analysis based on the top of the... more
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Pizza Hut Resumes Expansion After Four Years today, 00:00
The Pizza Hut restaurant chain is resuming expansion on the restaurant format after an about four-year break, and this could be a first signal that... more
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Software Companies Look Eastwards For Expansion today, 00:00
With the local software market stagnating at about EUR700 million last year, developers are looking increasingly more often at the international... more
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GDF Suez Energy Romania Wins RON66M Financing For Network Upgrades yesterday, 18:11
Romanian Economy Ministry has awarded a 66 million lei (EUR14.8 million) financing to the local unit of French utility GDF Suez for upgrade works... more
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KazMunayGas Invites Romania To Set Up Joint Venture In Kazakhstan yesterday, 17:40
Kazakh state-run oil and gas company KazMunayGas wants to attract Romanian capital for a joint well services company in the Asian country, the... more
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Romanian-U.S. Experts To Assess Environmental Impact Of Shale Gas Exploitation yesterday, 17:37
Romanian Economy Minister Daniel Chitoiu and U.S. Ambassador to Bucharest Mark Gitenstein decided to set up a Romanian-U.S. expert workgroup tasked... more
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Senate Adopts EU Fiscal Stability Treaty
yesterday, 17:32
Romania's Senate on Monday adopted the bill ratifying the European Union's fiscal stability treaty, following its adoption by the Chamber of... more
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Bucharest Stocks Close Down, But SIFs Rise
yesterday, 17:25
The Bucharest-listed stocks ended mostly down Monday, despite the positive trend on international markets, but the five regional investment funds,... more
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Leu Ends Slightly Higher Vs Euro
yesterday, 17:00
Romania’s leu strengthened modestly against the euro Monday and closed at 4.44/4.443 units, amid a quiet market. more
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More Than 1400 Employees Left Romanian Banking System In 1Q 2012
yesterday, 16:18
More than 1,400 employees left the Romanian banking system in the first three months of 2012, one of the most significant quarterly declines since... more
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Brokered Insurance Premiums In Romania Up 7.1% In 1Q, To RON819M
yesterday, 13:38
Insurance brokers in Romania brokered premiums of 818.82 million lei (EUR184.3 million) in the first quarter of the year, up 7.1% from... more
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Voluntary Private Pension Market Has High Growth Potential - Association yesterday, 13:33
The Romanian voluntary private pension fund market (Pillar III) has a high growth potential considering that about 3.5 million people have... more
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Leu In Ranges Vs Euro, Exchange Rate At 4.4408 yesterday, 13:28
Romania’s leu traded near 4.44 per euro by midday Monday and the central bank’s reference strengthened modestly for a third straight day to... more
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BNR Adds RON7.9B To Market In Largest Repo Auction In More Than Two Years yesterday, 13:24
Romania's central bank Monday added 7.94 billion lei (EUR1.78 billion) to the market in a seven-day repurchase agreement operation at an interest... more
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Ponta Wants Parliament To Decide Who Will Represent Country At European Council Summit yesterday, 13:16
Romanian Prime Minister Victor Ponta said Monday he will ask the Parliament to decide who should represent Romania at the European Council summit... more
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Generali Romania 1Q Underwritten Premiums Up 6% To RON138.3M
yesterday, 12:53
Insurer Generali Romania underwrote gross premiums of 138.3 million lei (EUR31.1 million) in the first quarter of the year, up 6% from... more
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Leu Opens Slightly Up Vs Euro In Quiet Market
yesterday, 11:42
The Romanian leu followed the other currencies in the region and traded slightly up against the euro at the opening of Monday session, but the... more
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Bucharest Stocks Trade Down, SIFs Buck Trend
yesterday, 11:41
The Bucharest-listed shares were mostly down Monday morning, but the five regional investment funds (SIFs) inched up, in a dull trading session. more
The luxury car market overshot the EUR6.5 million mark in the first four months of the year, according to a ZF analysis based on the
more
The Pizza Hut restaurant chain is resuming expansion on the restaurant format after an about four-year break, and this could be a first
more
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting
more
Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said
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Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there
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Withdrawals from cash points exceeded 100 billion lei (almost EUR23 billion) between April 2011 and March 2012, five times the payments
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Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the
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The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one
more
Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared
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More Than 1400 Employees Left Romanian Banking System In 1Q 2012More than 1,400 employees left the Romanian banking system in the first three months of 2012, one of the most significant quarterly declines since the start of the crisis.
