Companies
Isarescu: Banks Aggresively Cut Short-term Deposits Rates, But Kept "Attractive" Long-term Interests
Romanian banks have cut the interest rates for short-term deposits, but the rates for longer term savings are still attractive compared with the ones offered on the international markets, ce...
Isarescu: Leu Should Fall, But I’m Afraid It Won’t Happen
The Romanian leu should fall after the lowering of the key rate and the reserve requirements, central bank governor Mugur Isarescu said Wednesday, adding that such a scenario is not certain.
Romanian Insolvent Footwear Retailer Leonardo Opens Online Store
Romanian footwear retailer Leonardo, undergoing insolvency, has opened an online store, the company announced Wednesday.
Grapini: Romania Loses EUR1B Export Contracts On Lack Of Textile Professionals
Romania’s minister-delegate for small and medium-sized businesses Maria Grapini told Mediafax that the textile industry lacks professional sewers and weavers, triggering losses in export con...
CNADNR To Resume Bid For Brasov Beltway First Segment
Romania’s road authority CNADNR will resume the bid for the first segment of Brasov beltway, central Romania, 7.29 kilometers long, with an estimated value between RON109.5 million (EUR24.4...
Procter&Gamble Extends Lease, Gets More Office Space In Iride Business Park
Procter&Gamble has extended its leased office space to 6,000 square meters in Iride Business Park, held by Austria's Immofinanz, in northern Bucharest.
Romania Retail Sales Inch Lower In November
Romanian adjusted retail sales edged down 0.2% in November 2013 from the earlier month, due to lower sales of fuels and food products, the statistics institute INS said Wednesday.
INS: Romania Unemployment Rate Flat At 7.3% In November 2013
Romania's unemployment rate was stable at 7.3% in November compared with the previous month, but up from 6.7% in the same period of 2012, seasonally adjusted data from the statistics institu...
Private Equity Firms Seek At Least One New Addition To Portfolio In 2014
The year 2014 will be quite busy for the private equity firms that have been in Romania for a number of years, while others might exit after using up their allocations for the area, the mana...