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Housing Construction Reverts To 2005 Level In Bucharest
Real Estate

Housing Construction Reverts To 2005 Level In Bucharest

The housing market was again unable to return to growth last year when only 4,500 homes were completed in Bucharest and Ilfov County (which surrounds Bucharest). This is close to the 2005 le...

Oana Gavrila · 05.03.2013 · 08:28 · 1 min
Managers Expect Increases In Constructions And Manufacturing Activity In Feb-Apr
Macroeconomics

Managers Expect Increases In Constructions And Manufacturing Activity In Feb-Apr

Romanian companies expect activity will pick up in the construction and manufacturing sectors between February and April, while operations in retail and services are seen rather stable, the...

Neagu Bogdan Mircea · 28.02.2013 · 10:00 · 1 min
Ranking Of 15 Largest Banks By Assets In 2012
Banks-Insurance

Ranking Of 15 Largest Banks By Assets In 2012

Banca Transilvania (TLV.RO), the largest Romanian-controlled bank remained the 3rd biggest bank in the system by balance sheet assets for the second year in a row, ahead of state-held CEC Ba...

Daniela Stoican · 28.02.2013 · 00:00 · 6 min
Romanian Hotel, Guest House Asking Prices Comparable To Luxury Home Prices
Real Estate

Romanian Hotel, Guest House Asking Prices Comparable To Luxury Home Prices

Prices of hotels and guest houses in Romanian cities have declined due to the crisis to levels similar of those for luxury homes, according to real estate portal SpatiiComerciale.ro.

Oana Gavrila · 26.02.2013 · 11:30 · 1 min
Romanian Insurance Market Sees 5.8% Growth In 2012 After Three Years Of Decline
Banks-Insurance

Romanian Insurance Market Sees 5.8% Growth In 2012 After Three Years Of Decline

The Romanian insurance market posted 5.8% growth last year, to 8.27 billion lei (EUR188 million), after declining nearly 12% in 2009-2011, from RON8.87 billion to RON7.82 billion, the countr...

Oana Gavrila · 26.02.2013 · 10:54 · 1 min
Romanian Entrepreneurs Who Outranked Multinationals In The Ranking By Counties
Companies

Romanian Entrepreneurs Who Outranked Multinationals In The Ranking By Counties

Only seven Romanian private companies are market leaders in the ranking by counties, while most of the no. 1 companies in the 42 Romanian counties are multinationals, shows a ZF analysis bas...

Oana Gavrila · 26.02.2013 · 08:34 · 2 min
Survey: Over Half Of Romanians Displeased With Co-Payment For Hospital Medical Care
Analysis

Survey: Over Half Of Romanians Displeased With Co-Payment For Hospital Medical Care

Over half of Romanians disagree with introducing co-payment in the healthcare sector, a system which obliges patients, starting March, to pay a fixed amount up to 10 lei (EUR2.28) depending...

Ecaterina Craciun · 25.02.2013 · 13:48 · 1 min
Erste: Romanian Economy Needs More Dacia Stories To Advance
Banks-Insurance

Erste: Romanian Economy Needs More Dacia Stories To Advance

Romania needs a “critical mass of engineers”, an economic-oriented educational system and more success stories like Dacia to catch up with its neighbors and converge to the EU economy, Erste...

Florentina Dragu · 20.02.2013 · 16:20 · 1 min
Foreign Companies Account For 40% Of Overall Turnover And GDP,  With Only 23% Of Employees
Companies

Foreign Companies Account For 40% Of Overall Turnover And GDP, With Only 23% Of Employees

The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy.

Manuela Panescu · 20.02.2013 · 00:00 · 1 min