Business

30 oct. •

The Competition Council: Romanians pay notary services 14 times more than Germans do for the same transaction

The situation of the Romanian notary markets is worse than in other EU countries and the lack of competition on this market leads to higher prices, an investigation performed by the Competition Council shows. The…

29 oct. •

Fitch forecast: Romania's economy will shrink by 7.5% this year, but increase by 2% in 2010

29 oct. •

Orange in Romania: The number of clients went up 4.8%, but incomes dropped 23% in the 3rd quarter

27 oct. •

BNR chief economist: Romanian banks kill the hen that could bring them golden eggs

27 oct. •

Deutsche Bank will join the Romanian market in 2010, focusing on corporate clients

27 oct. •

ING: The political crisis increases the risks for Romania’s economy to continue shrinking in the final quarter

26 oct. •

Romania's budgetary deficit increased to 5.1% of GDP after the first nine months within the IMF threshold

26 oct. •

Romania's National Central Bank injected 9.78 billion lei in the banking market on Monday at 8% interest rate/year

26 oct. •

Romania's Economy ministry loses trial with Greenpeace and is compelled to publish the shortlist with locations considered for the construction of the new nuclear plant

23 oct. •

President Traian Basescu: Romania will register economic growth in 2010

23 oct. •

The Romanian Digest

Romanian state aid in a time of crisis

22 oct. •

IMF and World Bank evaluation teams still come next week to Bucharest

21 oct. •

Pieter Wessel, Deloitte: "If the VAT is increased, the economy suffers. Prices go up and suffocate the inner demand even further"

21 oct. •

The car market dropped 57% in the first nine months

19 oct. •

The Romanian advertising market will drop by 35-38% in 2009 against 2008 – Initiative Media

19 oct. •

The leu depreciated against the euro. BNR quoted 1 euro with 4.2903 lei

16 oct. •

Romania public debt down slightly to 138.2 billion lei in August

16 oct. •

IMF does not anticipate any change in its relation with Romania

14 oct. •

2010 budget delayed, investments postponed and risks to loose IMF instalments: the political crisis through the lens of unions

13 oct. •

Romanian banking sources: pressure expected on exchange rate following fall of Boc Government

12 oct. •

Competition Council approves 220 million euro state scheme to support crisis-hit firms

12 oct. •

Smallest price in Romania branding tender – 894,970 euro

12 oct. •

New car market down 74% in September, used car market down by half

12 oct. •

Romania business people to politicians: Don't jeopardize IMF deal

12 oct. •

Romania inflation down to 4.94%

9 oct. •

Varujan Vosganian: the economy will reach the 2008 level in two years time

9 oct. •

IMF about Romania: we see high political risks that can threaten structural reforms

8 oct. •

Empoyers might be tax exempt if rising low salaries

8 oct. •

Government says in letter of intention to IMF it would freeze salaries for state employees in 2010

8 oct. •

September employment: Over 625,000 Romanians without jobs

7 oct. •

Presidential aide: One point VAT increase would bring 500 million euro to the budget

7 oct. •

Real estate deals in Romania down 33% in first eight months of 2009

7 oct. •

Government approves subsidies of 424 million euro for farmers and 173 million euro for heating assistance

6 oct. •

Romania officials raise prospect of increasing VAT in 2010. Business people react

6 oct. •

The national currency appreciated on Tuesday up to 4.2619 lei/euro

5 oct. •

President Traian Basescu: we scheduling an acceptable exchange rate below 5lei/euro but above 4 lei/euro

2 oct. •

Collapse of Romania's governing coalition does not impact country ratings immediately

1 oct. •

Romanian Exporters' chief: "We're due for export negotiations. This crisis will make it difficult for us!"

1 oct. •

Black Sea Energy & Economic Forum 2009

"The challenge is using coal ecologically. A bottle of water costs more than a bottle of petrol" – Schlumberger

1 oct. •

KBC Belgians might cut certain operations in Romania

30 sept. •

Unemployment might increase to 750,000 until the end of the year

30 sept. •

Romanian President Traian Basescu: the government might offer state guarantees for RAFO Onesti and Mangalia construction site

30 sept. •

Romania's leu depreciated to the euro after six consecutive sessions of appreciation

29 sept. •

Romania's Central Bank reduced its key interest to 8% to stimulate the economy

25 sept. •

Romanian business channel launching English-language show

25 sept. •

CNP: Romania's economy will shrink by 7.7% this year, but will recover to positive figures in 2010

24 sept. •

The Romanian Ron appreciated on Thursday to its lowest level in the last six weeks

24 sept. •

Romanian businessmen are most pessimistic in the region on the financial perspectives of their own companies

23 sept. •

Coface reduced Romania's country branding from A4 to B

23 sept. •

Peugeot Romanian importer: We're compelled to sell cars under production prices to reduce stocks

23 sept. •

Romanian Central Bank official: Romania's economic growth will be 8 to 12 months behind powerful countries

23 sept. •

Romania ranks 14 in EU regarding bank account costs

22 sept. •

Romania's public debt increased by 26.5% in the first seven months to 138.83 billion lei

21 sept. •

Romania's agriculture failed to reach the 2004 production volume in the last five years

17 sept. •

Foreign Investors Council: Ukraine and Russia – Romania's competition. ARIS: investment projects worth of 8.7 billion euros in standby

17 sept. •

New car sales in Romania dropped 53.52% in the first eight months

17 sept. •

Joint Ventures under Romanian law

17 sept. •

Sagit Tzur Lahav takes over the leadership at McCann Erickson Romania

16 sept. •

Finance minister Gheorghe Pogea: budgetary deficit registered 4.4% of GDP after the first eight months

14 sept. •

Romania recorded the lowest industrial production drop rate from the EU in July

11 sept. •

RBS leadership: Peter Weiss will be replaced by Johan Gabriels

11 sept. •

Romania's current account deficit shrank by 73.8% in the first seven months, to 2.71 billion euros. Foreign investment dropped by 48%

11 sept. •

Four drugs producers, investigated for the possible formation of a cartel

10 sept. •

Metro, Real, Selgros, Billa and Mega Image investigated by the Competition Council for a possible cartel agreement

10 sept. •

Romania maintains its position in Top 500 Central Europe with 34 companies

9 sept. •

The Romanian leasing market dropped 74% during the first semester

9 sept. •

Romanian Foreign minister in China: The Chinese are interested to invest in Romania's infrastructure, tourism and constructions, to enter the banking market and join projects in the Black Sea

8 sept. •

Romania's national currency gained ground on Tuesday to the euro at 4.2382 lei/euro

8 sept. •

Ford launches the first Ford model made in Romania

7 sept. •

Construction department to drop more than 6% in the first seven months

4 sept. •

Romania's national currency appreciated to the euro up to 4.2436 lei/euro

3 sept. •

Petrom lowers the price for diesel on Thursday by 3 bani/litre, the second time this week

3 sept. •

Belgian group Alinso and Piritex owner to develop an industrial park in South-Central Romania

3 sept. •

German company Preh opened a car-part plant in Brasov

2 sept. •

Investments in Romania dropped by 16.7% in the first quarter to 27.06 billion lei

2 sept. •

Moody's: Romania will not recover from the recession until 2010, but long term perspectives are positive

1 sept. •

PepsiAmericas inaugurated the plant near Bucharest after an 85 million dollars investment

31 aug. •

Dacia restarts production on Monday

31 aug. •

Government to approve budgetary modifications / Romania's GDP to drop by 8-8.5%

28 aug. •

Tourism minister: In Romanian tourism, everybody commits fiscal fraud

27 aug. •

Coca-Cola closes Iasi factory, moves it to Republic of Moldova

27 aug. •

Budget deficit up to 3.31% after seven months

27 aug. •

Rompetrol Group prepares takeover offer for shares held in Rompetrol Rafinare and Rompetrol Well Services

26 aug. •

The new Toyota generation, Toyota Prius, will arrive in Romania in September, costing 25.000 euros

26 aug. •

IFC could lend Transilvania Bank 50 million euros to finance the medical sector

25 aug. •

The final draft of the unique salary scheme law is still unknown / Negotiations with the government continue

25 aug. •

Nongovernmental credits dropped by 0.1% in July / The annual growth rhythm slowed to 10.8%

25 aug. •

PM Emil Boc: budgetary salaries will increase steadily until 2015

24 aug. •

Colliers International: Only 515 new flats were sold in Bucharest in the first 2009 semester

21 aug. •

Romanian Commercial Bank forecasts 8% contraction of Romanian economy this year

21 aug. •

Romanian PM Boc: Government to take responsibility for a bill on reinvested profit

21 aug. •

National Statistics Institute launches 5 mln euro tender for statistical data processing website

21 aug. •

PM Emil Boc: Government spent 45% of investment money by end of July

21 aug. •

Trade union leader: Starting next year, low salaries will rise and high salaries will be capped

20 aug. •

Mobile telephony operators in 2008: ZAPP, RCS&RDS and Cosmote running on losses / Orange and Vodafone see 745 million euros worth of joint profit

20 aug. •

Httpool Analysis: Facebook recorded 3,000% growth in Romania in one year

20 aug. •

Competition Council launches investigation at ArcelorMittal Galati

19 aug. •

Romanian media mogul Sorin Ovidiu Vantu: I no longer have faith in general interest newspapers

19 aug. •

UBS study: Salary level in Romania comparable with Colombia and Thailand

19 aug. •

Romanian media group eyes launch of TV station in Moldova Republic

18 aug. •

IT sector and stationery record the biggest decreases

GFK: Romanian long-term use goods market dropped 40% in the first 2009 semester

17 aug. •

Dacia warns against an Internet fraud attempt

17 aug. •

Romania ranked 6 in top commercial deficit in the EU, after the first five monehts of 2009

17 aug. •

Romania’s E-Commerce Laws

13 aug. •

Romania registered a 8.8% drop in the second quarter of 2009

12 aug. •

Over 95,000 companies suspended their activity in the first seven months

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