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Good harvest of 2006 cuts wine imports in the first four months
Wine imports fell by 32% in the first four months of this year, to 5.35m euros, compared with 7.91m euros against the same period last year, according to the data released by the Ministry of...
Leumi cuts losses, expects profit in November
Bank Leumi, the domestic arm of one of the biggest Israeli financial groups, ended the first half of this year with net losses of almost 1.9m RON (0.5m euros). Israel's Leumi entered the dom...
Angst: All top players in cold cuts industry get offers
Sorin Minea, the general manager of charcuterie producer Angst, one of the top five players domestically, says he will finalise the construction of a plant in Buftea by yearend that makes sa...
Savings still strong after NBR cuts interest
The appetite of the population for saving has remained robust, with RON deposits seeing a record increase, by almost 43% in real terms at the end of April against the same month last year. T...
Analysts expect cuts on minimum compulsory reserves
The market is again divided before today's NBR (National Bank of Romania) meeting on monetary issue problems, with many analysts expecting to see a cut in the minimum compulsory reserves, wh...
Accession cuts down risks in real estate
Romania's accession to the EU has caused the local real estate market to become a safe form of investment, witnessing investment superior to that of more developed states, according to forei...
NBR cuts monetary policy rate from 8.75% to 8%
The National Bank has managed to take most analysts by surprise with its decision to reduce the monetary policy rate from 8.75% to 8%, although it had become obvious that NBR's wish to conso...
Retailers announce first price cuts
The big retailers have introduced the first permanent price cuts on products imported from the European Union, as the stocks of goods imported last year on which customs duties were paid hav...
Mittal Steel makes profit in Hunedoara, cuts losses in Iasi
Mittal Steel makes profit in Hunedoara, cuts losses in Iasi