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No Romanian private enterprises in top 500 companies in CEE
In the ranking of the top 500 largest companies in terms of turnover in Central and Eastern Europe, conducted by Deloitte, Romania is represented by 24 foreign companies and six state-owned companies, with the best-represented sector being the energy sector
Average banking salary no longer exceeds 1,000 euros
The net average salary in the banking system saw a sudden fall in June, after reaching an all-time high in May, while recruitment continued at a high rate. The 69,241 employees in the bankin...
Horia Ciorcila no longer interested in real estate market
Horia Ciorcila, the chairman of Banca Transilvania and one of the shareholders of Cluj-based refrigerating equipment manufacturer Tehnofrig, has decided together with the other shareholders...
Vladescu: Had we sold BCR today, we would've found no buyer
Banca Comerciala Romana would not have found a buyer in today's international financial climate, and if privatisation had been delayed by a further eight months, we would have never received...
Flamingo invest 1.5m-euros in Flanco World no. 21
Flamingo International (FLA), which in terms of turnover ranks third on the Romanian electronics and electrical home appliances market, invested 1.5m euros in its 21st Flanco World store. Th...
Marin: Restructuring can fail if no attention is paid to details
Marius Marin, the current CEO with construction materials producer Macon Deva, who has helped to restructure several companies such as Tofan Group, Uton Onesti and Mefin Sinaia, says a compa...
NBR can no longer reduce inflation on its own
The NBR (National Bank of Romania) will keep the interest rate high for a long period of time in order dampen inflation, but it will not meet its target without support from the Government,...
No foreign exchange risk for Romania's eurobonds
The 750m-euro eurobond issue Romania launched last week does not involve any foreign exchange risks as, by the time it matures, in 2018, the domestic currency will be the euro, states Stefan...
No fixed wages for real estate project managers
On the other hand, on the real estate market, developers' country managers cashed in tens of thousands of euros, whilst real estate brokers received bonuses worth one million euros. Real est...