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ANOFM: Romania Jobless Rate Inches Higher In November
Social/Politics

ANOFM: Romania Jobless Rate Inches Higher In November

Romania's unemployment rate edged up to 5.6% in November, from 5.4% a month earlier, the country’s employment agency ANOFM said Monday.

Florentina Dragu · 09.12.2013 · 16:26 · 1 min
Romanian Tax Authority Seeks Consultancy Services In Screening Large Wealth
Banks-Insurance

Romanian Tax Authority Seeks Consultancy Services In Screening Large Wealth

Romania’s tax authority ANAF is looking to buy consultancy services in screening large wealth under a EUR70 million World Bank-funded program to reorganize the institution.

Oana Gavrila · 09.12.2013 · 14:56 · 1 min
Financial Group Banca Transilvania Owns 11.9% Of Boromir Prod
Capital Market

Financial Group Banca Transilvania Owns 11.9% Of Boromir Prod

Financial group Banca Transilvania holds 11.91% in Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz.

Ioana Tudor · 09.12.2013 · 14:47 · 1 min
CITR: Food Producers, Realtors, Subsidy Beneficiaries Most Prone To Financial Distress In 2014
Companies

CITR: Food Producers, Realtors, Subsidy Beneficiaries Most Prone To Financial Distress In 2014

Companies in the food sector, the beneficiaries of subsidies and the owners of leasable retail, industrial and office spaces are more likely to face financial challenges in 2014, according t...

Ecaterina Craciun · 09.12.2013 · 13:36 · 1 min
Social/Politics

Romania’s EU Fund Absorption Rate Up 1.4 Pps To 26% In November

Romania’s European fund absorption rate reached 25.96% at the end of November, up 1.4 percentage points on the month, according to the Ministry for European Funds.

Ioana Tudor · 09.12.2013 · 12:57 · 1 min
Romanian Road Freight Transporters Halt Activity
Automotive

Romanian Road Freight Transporters Halt Activity

Romanian road freight transporters have halted activity Monday in protest to the government’s decision to raise excises on fuels, Augustin Hagiu, representative of the National Road Confeder...

Ioana Tudor · 09.12.2013 · 10:11 · 1 min
INS: Romania Construction Works Rise In October
Macroeconomics

INS: Romania Construction Works Rise In October

Romanian construction works rose 4% in October from a month earlier, due to stronger activity in most sectors, the statistics institute INS said Monday.

Bogdan Neagu · 09.12.2013 · 10:01 · 1 min
Posta Romana Borrows RON100M From EximBank To Cover Cash Collection Debts
Banks-Insurance

Posta Romana Borrows RON100M From EximBank To Cover Cash Collection Debts

Romania’s state-run lender EximBank will grant a credit line of 100 million lei (EUR22.4 million) to postal operator Posta Romana, which will use the money to cover a part of its debts from...

Ioana Tudor · 06.12.2013 · 14:17 · 1 min
Nine Largest Retail Chains In Romania Are Worth EUR2.9B
Retail&Consumer

Nine Largest Retail Chains In Romania Are Worth EUR2.9B

Nine out of 12 modern retail chains present in Romania feature in this year’s ranking of the 100 most valuable companies in Romania, with an aggregated value of EUR2.9 billion.

Daniela Stoican · 06.12.2013 · 00:00 · 2 min