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SIFs Resume Trading In Bucharest After Ownership Limit Is Raised
The Bucharest bourse lifted the suspension of the five regional investment funds (SIFs) after the Parliament voted in favor of raising the maximum ownership limit to 5%.
Top Salaries In Romanian Banks
At the end of September, the average net salary in Romanian banks was of 3,300 lei (around EUR750) a month, down 30% on 2008 - the best year for the local banking industry.
Globes: Tnuva Close To Pulling Out Of Romania
Tnuva is considering closing its Romanian operations and pulling out of the country after having invested some EUR60 million in the enterprise, Israeli newspaper Globes reported in its onlin...
Rompetrol To Launch Six Gas Stations In Moldova By End-November
Rompetrol Moldova, a member of oil group Rompetrol, will launch six new gas stations in Moldova by the end of November, reaching a total 43 gas stations nationwide.
Vae Apcarom Changes Name To Include Parent Group Voestalpine
Romanian rolling stock maker Vae Apcarom (APC.RO) Monday announced it has changed its name to Voestalpine Vae Apcarom, after parent group, Austria's Voestalpine.
Leu Recoups Vs Euro, Exchange Rate Flat At 4.3564
Romania’s leu recovered early losses versus the euro by midday Thursday, while the national currency’s reference hardly moved on the day at 4.3564 units, after a suspected intervention from...
Romania Sep Construction Output Rises At 4th Fastest Pace In EU
Romanian construction output rose 1.3% on the month in September, the fourth largest increase in the European Union, official data showed Thursday.
LA-Bound Flight Lands In Bucharest As Passenger Has Heart Attack On Board
A Los Angeles bound flight had an emergency landing in Bucharest Thursday morning after an American passenger suffered a heart attack on board, Bucharest airport spokesman Valentin Iordache...
Analysts React To BNR's Rate Cut Decision: Too Little, Too Late
The central bank’s decision to cut its main interest rate by a quarter-point to 6% comes rather late and its effects on bank lending might pass unnoticed, analysts said.
Tools For A New Stability Culture In Europe
Amid all the political uncertainty and market turbulence that are becoming a seemingly intractable feature of life in the euro area, there was one bright spot last week in an otherwise storm...
Alcatel Lucent Sends Romanian Executive To Abu Dhabi
Iulian Costea, the former marketing head of Alcatel Lucent in Romania, was promoted by French telecom equipment manufacturer to marketing manager for Middle East and Africa early this month.
Erste To Buy 24% In BCR From 4 SIFs For About EUR435M
Austrian lender Erste Group Bank (EBS.RO) Wednesday said it will acquire 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of...