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Garanti Bank grows loans portfolio by 45 percent

News December 11, 2009 10:43 0 comments

Turkish lender Garanti Bank reached a EUR 510 million portfolio of loans in November this year in Romania, up 45 percent on the same period of last year, according to the bank. Its assets also…more »

UPDATE: Flamingo insolvency request approved, company starts reorganisation

News December 10, 2009 15:48 0 comments

The bank has already notified the retailer that it will start taking over stocks from its stores to recover some of the debt. Flamingo will try to reorganize its business and protect itself from creditors.…more »

Automobile Dacia can deliver 150,000 Dacia Duster units from Mioveni

News December 10, 2009 15:47 0 comments

Automobile Dacia could produce up to 150,000 Dacia Duster units in its factory in Mioveni, while the group's factories in Brasil and Russia could deliver 100,000 and 80,000 units, respectively. The car maker has said…more »

Only half of Romanian companies to pay Christmas bonuses this year

News December 10, 2009 15:46 0 comments

Only half of the companies active in Romania will pay their employees Christmas bonuses this year, which brings down to half the number of companies which used to offer such bonuses. The average bonus has…more »

Half of Romanians never manage to put money aside, study finds

News December 10, 2009 15:45 0 comments

Only two percent of Romanians find it easy to both save money and pay their ongoing expenses, according to a recent study commissioned by the Deposits Guarantee Fund. More than half of the respondents to…more »

PNL rules out involvement in possible aa‚¬A“puppetaa‚¬A government

News December 10, 2009 15:43 0 comments

Crin Antonescu, the head of the National Liberal Party (PNL) said the party is ruling out any patricipation to a “puppet” government organized by president Traian Basescu, also mentioning PNL has yet to find the…more »

UPDATE: Realitatea Catavencu to close down Business Standard and Cotidianul dailies

News December 09, 2009 16:35 0 comments

Realitatea Catavencu group, owned by Romanian businessmen Sorin Ovidiu Vant, will stop printing the Business Standard daily, with the last issue of the newspaper set to be on the market on December 23, according to…more »

IMF says mission ready to visit Romania whenever local authorities are ready

News December 09, 2009 14:00 0 comments

The International Monetary Fund (IMF) has yet to set a date for a new mission to Bucharest, but is ready to send its representatives to Romania whenever the local authorities will be ready, according to…more »

Industrial output grows short term but still behind in year-on-year statistics

News December 09, 2009 13:59 0 comments

Romania's industrial output on both domestic and foreign markets grew by 0.5 percent in October compared to September, according to data from the National Statistics Institute (INS). However, although the industrial output started to grow…more »

Romtelecom launches Internet TV

News December 09, 2009 13:58 0 comments

Telecom company Romtelecom has launched Internet TV services, called Dolce Interactiv, in ten Romanian cities. The new service is available for clients who own a Romtelecom telephone line and a broadband Internet connection. The company…more »