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Business

Miele puts EUR 24 mln into Brasov factory

News November 14, 2009 17:49 0 comments

The plant in Romania is Miele's fourth outside its home country Germany, with current units running in Austria, the Czech Republic and China. The factory in Brasov produces electronic components which are then integrated into…more »

British Airways drops business class tariffs, expects lower revenues in Romania

News November 14, 2009 17:48 0 comments

While the number of passengers this year should stay the same, revenues will not, said company representatives, without offering further details. BA has cut its economy fares as well and due to the crisis has…more »

Millennium Bank completes its territorial network development

News November 14, 2009 17:47 0 comments

The previously specialized consumer finance units have been supplied with teller desks, so customers can also carry out transactions and make deposits.The process began in July and included development works at the former credit centers,…more »

Rompetrol Rafinare shows signs of recovery, but continues to post loss

News November 09, 2009 15:29 0 comments

Rompetrol Rafinare generated consolidated revenues of USD 2.33 billion in the first nine months of the year and an EBITDA of approximately USD 7.2 million while specific markets and macroeconomic indicators have shrunk dramatically. The…more »

President designates Liviu Negoita as prime minister after previous choice was rejected by Parliament

News November 09, 2009 15:29 0 comments

Basescu's announcement of the new PM comes after he said during consultations with the political parties that he did not want to put off the forming of a new government until after the presidential elections…more »

THR-Taylor Nelson Sofres to devise Romania’s tourism brand

News November 09, 2009 15:28 0 comments

The two companies' offer was EUR 895,000 without VAT, according to the ministry. Romania will cover the amount using funding from the European Union. Three bidders made it to the final stage of the bidding.…more »

Ulker counts on exports next year

News November 09, 2009 15:26 0 comments

"We aim to increase our exports so that in 2010, exports will represent 22.5 percent of the total of our sales," says Ender Bolat, general manager of Ulker Romania. Ulker representatives estimate the market of…more »

Central Bank keeps key interest rate at 8 percent

News November 09, 2009 15:25 1 comment

The macroeconomic indicators reveal a consolidation of disinflation with a certain lag, a persistent economic contraction and a significant ongoing adjustment of the external deficit, along with a worsening of foreign investors' perceptions of the…more »

International financial institutions delay third loan tranche

News November 09, 2009 15:24 0 comments

"Staff teams from the IMF, the European Union and the World Bank have been assessing performance and prospects under the EUR 20 billion multinational support package for Romania. The third tranche for support, of about…more »

Bank of Cyprus Group posts profits in Romania

News November 09, 2009 15:22 1 comment

The group's net interest margin in other countries (excluding Cyprus and Greece) was 3.35 percent for the first nine months of 2009 and includes the net interest margin for its new markets - Russia, Romania…more »