Companies
INS: Romania Unemployment Rate Flat At 7.5% In August
Romania's unemployment rate was stable at 7.5% in August compared with the previous month, but up from 6.9% in August 2012, seasonally adjusted data from the statistics institute INS showed...
Tourist Arrivals In Romania Up 2.7% On Year In August
Arrivals at Romanian tourism accommodation establishments rose 2.7% in August from the year-earlier month, but overnight staying declined 0.3% on the year, data from the statistics institute...
France Fails To Back Romania's Schengen Entry Despite Its Multiple Businesses Locally
While Romanian-French relations are heading towards a dead end, Romania remains a source of wealth and profit for France which has businesses in Romania in the banking, gas, auto, cement and...
Overdue Loans Keep Rising
The volume of loans overdue by at least one day continued to climb in August and shows no sign of slowing down. The total value of overdue loans recorded by the banking sector hit a new peak...
BCR Official: We Will Broker 2-3 Private Company Listings In 2014
Public offerings conducted by state-run companies on the stock exchange have created a favorable environment for privately-held companies looking for capital, says Matei Filipidescu, head of...
Isarescu: Banks Have No Choice But To Cut Interest Rates
Romanian central bank governor Mugur Isarescu Monday said commercial lenders “will have no choice” but to reduce lending rates following the central bank’s monetary policy decisions over the...
BCR Offers Advice On Five M&A Deals Worth EUR250M
The Corporate Finance & Investment Banking department of Romanian lender Banca Comerciala Romana (BCR) is offering consulting services for five transactions worth approximately EUR250 millio...
BNR Lowers Key Rate By 25 Bps To 4.25%
Romania’s central bank Monday cut its main monetary policy rate for the third straight meeting, shaving off 25 basis points to 4.25% a year, in line with market expectations.
Romanian Railway Company CFR Repairs Just 10 Km Of Rail Annually
Romania’s state-owned railway company CFR has major delays in its railway rehabilitation program, as 8,000 km out of a network of 10,700 km require capital repairs and the company barely rep...