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Analysts: The NBR will not raise interest rates after August deflation
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable inflation progression in August and the prospect of entering a disinfl...
RAM: To start with, we will sell voluntary pensions to corporate clients
Raiffeisen Asset Management (RAM), a company that recently launched a voluntary pension fund (3rd pillar), will start off by selling pensions to companies, relying mainly on the credit portf...
Ford will not recruit for Craiova plant until 2010
John Fleming, the chairman of Ford Europe, the owner of Automobile Craiova, says the first wave of recruitment for the production centre in Oltenia will start in 2010, because the current nu...
Wipro: 15-20% wage hikes will make you an expensive destination
The arrival in Romania of Azim Premji - the man the international press has named "India's Bill Gates", comes as no surprise and indicates Bucharest is on the billionaire's list of prioritie...
Immoeast will not sell at undervalued prices
Representatives of the Austrian investment fund Immoeast, the most active buyer of real estate property on the local market, with a portfolio of 3.3 billion euros, say they will not sell pro...
2008 will be the first difficult year for real estate consultants
The top five real estate consultancy companies in terms of turnover posted an over 26% profit margin last year, while turnover doubled (49 million euros in revenues). However, the growth rat...
Arabesque: Real estate turmoil will be felt next year
Arabesque, the largest distributor of construction materials on the local market, with annual turnover worth 450 million euros, expects the constructions materials market to slowdown in 2009...
Crisis in Italy and Spain will stop flow of foreign remittances
Economic problems in Italy and Spain, where more than 1.5 million Romanians legally work, could cause a drastic decline in foreign currency inflows, which help to finance Romania's foreign d...
France Telecom VP: Orange will buy shops
Orange Romania, the largest mobile telephone operator, intends to sell its products and services through mobile shops in the remote and rural areas of Romania and will significantly increase...