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Greece, Austria and France Cut Investments in Romania by EUR500M in Past Year
Companies in Greece, Austria, and France, countries among the top ten investors in Romania have cut their subscribed share capital in Romania by more than EUR500 million in the past year, Na...
Builder CON-A Sees Decline in Revenue in 2018
Sibiu-based builder CON-A held by entrepreneur Mircea Bulboaca saw its revenue shrink by almost 25% to EUR97 million in 2018. The decline came after a 2017 when CON-A had become the largest...
Euler Hermes: Romania Construction Sector Sees Third Consecutive Year Of Decline In 2018
Romania’s construction sector registered in 2018 the third consecutive year of decline, with a decrease of 4%, and the residential construction segment saw the biggest decline, of 25%, accor...
All Money Market Rates Fall Monday
The three-month money market interest rate used to calculate interests for consumer loans in lei, fell to 3.14% a year on Monday, from 3.17% a year on Friday, central bank data showed.
Insolvent Furniture Maker GP Sofa Headcount Down By 400
GP Sofa, a company that was among the top ten manufacturers and exporters of furniture in Romania four years ago, has fired more than 400 employees since going insolvent in 2017, according t...
Hidroconstructia Revenue Down 25% in 2018
Hidroconstructia, a company among the top ten builders in Romania, saw its revenue drop by 25% in 2018, due to the decline in public sector investment. The business therefore shrank to 250 m...
Leu Hits New Record Low Of 4.6782 Vs Euro
The Romanian leu reached a new record low against the euro on Friday, standing at a midday average rate of 4.6782 units/euro, down 0.04% from 4.6764 units per euro on Thursday.
Three And Six-Month Money Market Rates Hit Seven-Month Lows
The three-month money market interest rate used to calculate interests for consumer loans in lei, continued its downward trend and dropped to 2.88% on Thursday, from 2.90% on Wednesday, cent...
Three-Month Money Market Rate Keeps Downward Trend, Falls To 2.90%
The three-month money market interest rate used to calculate interests for consumer loans in lei, continued its downward trend and dropped to 2.90% on Wednesday, from 2.92% on Tuesday, centr...