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Raiffeisen Zentralbank Osterreich AG is placed on a risk position of 252 million Euro, after the investments made on Lehman Brothers, the representatives of the Bank from Vienna announced, yesterday. " taking into consideration the...

"The Government shall not look in an obsessing way at the economic development", Mugur Isarescu, the BNR governor appreciates. He considers that our country has a high potential for an economic development that could be achieved in the...

Yesterday, the Prime Minister, Calin Popescu Tariceanu said that Romania will not be affected by the international financial crisis. From his point of view, the turbulence seen on the Romanian stock-exchange has been determined by the financial...

The President of the U.S. House of Representatives,Nancy Pelosi ordered the beginning of a quick and large investigation of the companies on Wall Street and he will ask many of the representatives from the Bush administration to give their...

This year, the debt recovery market will slow down its rate of development as a consequence of the impact that the new settlements from BNR will have towards the number of loans and , as a consequence, towards the number of debts declared by the...

According to insurance industry authorities, the clients of AIG Life Insurance Romania, AIG Insurance Company of Romania and AIG Retirement Fund, from our country will not be affected by the problems of the American group. After the American...

ALRO - Slatina (BSE:ALR), the largest aluminum producer in Central and Eastern Europe, completed technology and environmental investments worth over 61 million USD in the first half of the year, compared to a full-year budget of 63 million...

Financial investment firm (SIF) Muntenia (BSE:SIF4) made 208,780 EUR (some 757,600 RON) on the Vienna Stock Exchange after having bought and sold Erste Bank shares. SIF Muntenia bought 52,000 shares in Erste Bank for an average of 39.19 EUR/share...

Romania remains continues to rank high in the Corruption Perception Index (CPI) as far as EU countries are concerned. The authorities" effort to counter corruption has not led to an improvement in Romania"s image as a corruption haven.

The former employees of Toptherm - Ghimbav have asked Brasov County Prefect Adriana Dontu to replace Maestro SPRL - Constanta as the liquidator of the company because "they have done nothing to finalize the liquidation procedure." The 69...

The price of gold marked the most serious decline in one week last Friday in New York following a strong increase in the price of stocks at global level as a result of the US Government plan to stabilize the banking system. The US Government will...

The draft methodological norms regulating how registries of companies should be kept, how entries should be made and how information from the registries should be released has been published on the website of the National Office of the Registry...

In the last year, the evolution of the business environment in our country recorded a stagnation, a constituting evidence that the structural and the institutional reforms were low, explains Andrew Colquhoun, analyst of the Financial Rating...

The ratings of American International Group Inc. (AIG), the most important worldwide insurance company, were reduced by the biggest agencies of financial assessment, which are warning that similar decisions could be taken in the forthcoming...

Romanian-Dutch joint venture Gouda Gold will invest over 3 million EUR next year in increasing the production capacity of their factory in Sambata de Sus, Brasov County, from 45 tons to 75 tons of cheese per month. The company"s facility...

The next auction to sell the assets of Rulmentul SA will take place on 2 October, according to liquidators Casa de Insolventa Transilvania and RVA Insolvency SPRL - Bucharest. The starting price is 40.39 million EUR, VAT not included. The...

Aero Vodochody is planning to change the personnel structure at Avioane Craiova, especially in the administrative department, according to Aero Vodochody PR Manager Jana Studnickova quoted by NewsIn. "We are expecting a few changes in the...

Brokerage firm Tailwind Securities has changed name to Fairwind Securities, according to an announcement of the National Securities Commission (CNVM).

Polish-based wooden floor tiles manufacturer Barlinek has given up plans to build a 400 million PLN (some 121 million EUR) factory in Russia because of economic uncertainties in that country and prefers to consolidate business in Romania, Reuters...

Israeli-based Segment Information Technology Ltd. will supply the visitor traffic metering system Passcheck to the Romanian-based Iulius Mall, Anchor Group and Bellrom for a total of 400,000 USD, according to the Israeli publication Globes....

The National Securities Commission (CNVM) has published George Becali"s public offer to acquire full control over Romes - Voluntari (RASDAQ:ROMS). Becali already holds 78.79% in Romes and is offering the other shareholders 2,098,668 RON (13...

Catalin Chelu, the CEO of financial investment firm (SIF) Moldova, has sued SIF Oltenia for having suspended the votes cast during the Shareholders" General Meeting of 29 August. Chelu said he would give further details on the matter in the...

Ovidiu Tender has changed his mind regarding the acquisition of the Poli Timisoara football team, after having previously said he was planning to buy it from Marian Iancu. "Despite the discussions I"ve had in the past few days with the...

Banca Comerciala Carpatica (BVB:BCC) is EMV-certificated for processing Visa and Mastercard cards containing security chips. BCC President Nicolaie Hoanta said: "Through the EMV certification, not only are we aligning to international...

Dubai to service all the surrounding markets, namely the United Arab Emirates, the Persian Gulf, Kuwait and Saudi Arabia. Michael Atwell, a Partner with Cushman & Wakefield, has relocated to Dubai to coordinate the opening of the new office...

The Portuguese-based contractor Lena, currently building the road tunnel near the Baneasa Airport, as asked for a 5 million RON (1.4 million EUR) budget increment in order to finish the work. The money is necessary for moving some electricity...

Interviewed by Financial Times, the management of the natural gas master pipeline project Nabucco said the Russian - Georgian conflict was not hindering their work. Reinhard Mitschek, the CEO of the project company for Nabucco, said the Georgian...

Northeastern Romanian winemaker Cotnari SA achieved a 17% y/y increase in sales and a 20% increase in turnover, according to Executive Director Constantin Derleanu. The turnover forecast for the entire year is over 30 million EUR. the company...

The National Securities Commission (CNVM) has frozen the transfer of 130,000,630 shares in Sapte Spice for two weeks starting on 10 September. The shares in question were issued within a capital increased decided by the shareholders in Sapte...

The Bucharest Stock Exchange (BVB) and the Bucharest Clearing House (CCB) have set the new values of the unit margins and the daily variation ceilings applicable for futures contracts concerning the five financial investment firms (SIF) and...

Ford Motor has reported a 26% sales plunge in August amid a declining US economy and rising natural gas prices. Moreover, forecasts for the second half of the year do not indicate a comeback.

Romania"s travel agencies" association ANAT concluded Y2007 with a turnover of 4.45 billion RON (1.25 billion EUR), according to ANAT President Dragos Atanasiu. "According to the Trade Registry, the 700 members of ANAT concluded last...

Orkla Foods Romania has announced the appointment of a new CFO, Dana Popescu, effective as of 15 September.

European Union statistics show a decrease in exports and in domestic consumption, which has led to a 0.2% depreciation of the euro in the second quarter. The Eurostat has confirmed that the higher price of fuel and foodstuffs has forced European...

Tour operator Flynova has announced a Y2008 turnover forecast of 4 million EUR, according to Sales Manager Maria Popa. The company began operations on the Romanian market six months ago. "In the first months, our turnover reached 2.41 million...

Celhart Donaris - Braila, a paper and cellulose manufacturer, concluded H1 with a net profit of 998,100 RON, up from losses of 1.32 million RON in the corresponding period of last year, amid an 80% increase in turnover, according to an...

Be Proffice, a stationery and office supplies distributor, announced an estimated 20% y/y increase in sales of school stationery products. The company estimates that the beginning of the school year will bring sales of 60% of the annual sales and...

PayUp Romania has entered partnership agreements with a number of important independent retailers countrywide, as well as with the Ethos retail chain. Ethos is a growing network of supermarkets having 11 locations in Bucharest and 9 spread across...

Pizza Hut Restaurants in Romania posted a 5 million EUR turnover at the end of the first half of the year, up by nearly 27% from the corresponding period of 2007. The increase is mainly due to the opening of two new restaurants, a press release...

Electric and thermal energy producer Electrocentrale Deva yesterday organized a tender to buy electricity from the Centralized Market for Bilateral Contracts (PCCB) managed by the OPCOM. The tender was cancelled because of lack of bids....

Construction works on the Fish Exchange will most likely start next year, according to Gheorghe Stefan, president of the National Agency for Fishery and Aquaculture (ANPA). While attending the Day of the Danube Delta Biosphere Reservation, Stefan...