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Credit Suisse: Over 16,500 Millionaires In Romania
The average wealth of a Romanian rose by around 12% on the year to $13,987 in 2011, ranking the country 59th in a global chart by investment bank Credit Suisse AG.
EU Report: Romania’s Fiscal Risk Index Nears EU Average, Greece Dubbed Riskiest
Romania has a fiscal risk close to the EU average, and twice lower than the Greece's index value, according to a report published Monday by the European Commission.
Romania Jumps 37 Spots In 2011 World Economic Freedom Chart
Levels of economic freedom in Romania have improved over the past year, pushing the country up 37 places to 48th in a ranking released by Canadian think-tank Fraser Institute.
Credit Risk Is Romanian Banking’s Main Vulnerability – Report
Credit risk is the main vulnerability of the Romanian banking segment, but pressure on bank asset quality is expected to decrease in the future, as economic growth is consolidated and banks...
TV Services Brought Romtelecom EUR62M In 2010
Internet, television, data and IT&C services brought Romtelecom almost EUR200 million out of total revenue of EUR744 million in 2010, but landline telephony remains the main cash generator f...
PwC Sees Romanian Media, Entertainment Market At $3.8B In 2015, From $2.5B In 2010
The entertainment and media industry in Romania will register an average annual growth rate of 8.8% between 2011 and 2015, shows this year’s edition of the PwC Global Entertainment and Media...
Romania Is Having Best Farming Year In Last Five Years - EU Report
Romania is having a good farming year, as its yield per hectare is above the average in the last five years for most crops, while the wheat, barley and potato harvests exceed last year's yie...
DIY Retailer Praktiker Sales Hit All-Time Low In Romania
German-held Praktiker, which owns the largest DIY store chain on the Romanian market (27 stores), continued its decline in the first half, when sales went down by 28.8% to EUR68.7 million. T...
EU Asks Romania For Norms On Parliamentary Immunity Waiver
The European Commission asks Romania to speed up the resolution of high-level corruption cases, so as to avoid prescriptions in all cases, and also suggests it adopt clear procedural rules o...