MARKET
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Wave Of Foreign Capital Outflows Hits Romania: Over EUR2B Gone In May
Over EUR2 billion left Romania in May, in a major wave of foreign capital withdrawals from the local market, which promptly reflected in a depreciation of the leu by 1.5% against the euro.
Public Debt Strategy: Finance Ministry Wants To Borrow EUR7.2B From External Market Over 3 Years
The government’s foreign currency public debt will not exceed 50% of the total and the annual debt service will not go beyond 10.5% of gross domestic product by 2014, according to the strate...
Cement Producers See Profit Margins Down, Business Slightly Up
The three large cement producers on the Romanian market remained profitable last year, but profit margins were down. Whereas they would exceed 30% in previous years, in 2011 they shrank to n...
Online Card Payments In Romania Seen Up 25% To EUR250M In 2012
Online card payments in Romania will exceed EUR250 million in 2012, from EUR200 million in 2011, and the number of transactions will reach five million, up 30% from 2011, according to Netopi...
Sorin Spinu, LG Romania: We Want A Quarter Of The TV Market This Year
The Romanian subsidiary of LG targets a 26% market share on flat-screen televisions, a segment that brings around two thirds of revenues on the electronics market, estimated at nearly EUR300...
HP Romania Manager: PC Sales Saw Moderate Increase In Second Quarter
Computer sales of Hewlett-Packard Romania rose “moderately” in the second quarter of the year, in line with the entire market, Tiberiu Dobre, manager of the local PSG (Personal System Group)...
Oil Companies’ Revenue Rose In 2011 Due To 25% Higher Prices On A Nearly Frozen Market
Oil companies saw a new year of growth in 2011, mainly due to significant price hikes despite the fact that the Romanian market continued to be affected by low purchasing power.
Former UniCredit Tiriac Bank Treasury Head Bogdan Mihoc Returns To Banking System
Bogdan Mihoc, one of the best-known dealers on the market, has returned to the banking system four years after being expelled from it, and took on the position of head of treasury with Volks...
Poor Infrastructure, Lack Of Fiscal Incentives Discourage Logistics Investments In Romania
The lack of proper road infrastructure, fiscal incentives and specialized staff hinder investments in logistics projects and increase by up to 15% the prices of products for end consumers, a...