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ING's Boyer believes one more year of financial crisis still to come
The world is going through a period of intense stress and is likely to experience the financial crisis for another year, believes Eric Boyer, a member of ING Group's executive board and head of the wholesale banking division. "Based on my thirty-year experienc...
Foreign debt rises 40% in one year to 44.8bn euros
Romania's medium and long-term foreign debt reached 44.8 billion euros at the end of the first half, an increase of 42% against the same time in 2007, while the current account deficit rose...
Expat community in Romanian business costs over one billion euros a year
Companies that employ the around 10,000 expats that work in Romania fork out 100 million euros each month (1.2 billion euros per annum), given that the average salary package of a foreign ma...
A&D Pharma's net profit plunges by 92% to less than one million euros
A&D Pharma, the biggest player on the pharmaceutical market, posted a 92% decline in net profit in the first six months of this year compared with the corresponding period of 2007, to less t...
One switch among top mandatory pension funds
BRD has managed to move ahead of the mandatory pension fund managed by BT Aegon, after the third round of contribution collections, which took place at the beginning of this week. All in all...
Old apartments in sector one are 7% cheaper
Prices of old apartments in Bucharest went down by less than 1% in June this year compared with the previous month, with the most significant decline being reported for homes in the Capital'...
Acer Aspire One a ajuns in Europa
Unul dintre cele mai interesante laptopuri ieftine, Acer Aspire One, este deja disponibil pe batranul continent. Poate fi cumparat de la un magazin online german pentru 329 euro, cu 30 de eu...
easyJet: 155,000 passengers and one less route
Low cost company easyJet, which launched operations on the local market in September last year, has so far transported 155,000 passengers on routes to and from Romania, according to company...
BSE to introduce a similar reporting system to one used on American SE
The Bucharest Stock Exchange (BSE) plans to introduce a reporting system similar to the EDGAR system, used on the US stock exchanges, according to Stere Farmache, chairman and CEO of the BSE...