decline
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NBR: Banks can easily take up to 19% RON decline
The National Bank has come to the conclusion that a 19% exchange rate increase would not have significant effects over banks' balance sheets or gains, given that they have low foreign curren...
Population decline endangers economy
The continuous decline in Romania's population over the last two decades will have disastrous long-term effects on the economy, according to a study conducted by the Demographic Research Cen...
Midocar: 3m-euro revenues, decline on 2005
Midocar, an Audi and Volkswagen dealer, posted a net turnover worth 10.67 million RON (3 million euros), almost seven times less than the 71.11 million RON seen in 2005, according to the com...
Agras business sees 3-fold decline in Q1
Agricultural insurance company Agras, a member of the Vienna Insurance Group, underwrote gross premiums worth 1.2 million RON (0.36 million euros) in the first quarter of this year, almost t...
Three months of decline for NBR reserves
Foreign currency reserves of the NBR saw their third consecutive decline in April, falling to 21.41 billion euros. Last month, net foreign currency outflows from the reserves of the central...
Pasmatex estimates 80% decline due to tightening competition
Timisoara-based textile company Pasmatex estimates an 80% decline in profit in 2007 compared with 2006. The estimate follows a rise in production expenditures and increased competition in th...
Slow decline of road transport market
The number of people who choose to travel by coach is slowly going down, whilst air travel has seen an approximately 20% increase in the last few years. Figures for passengers choosing to tr...
GSK intends to halt market share decline
The launch of new products, the development of vaccines, along with the production of a new drug at the plant in Brasov, are the prime targets David Lechleiter, the new general manager of Gl...
Sharpest decline in a single day on the Stock Exchange
The Bucharest Stock Exchange felt the second wave of decline that hit the international capital markets yesterday. The BET index lost 5.2%, a decline exceeded only by the decline of the stoc...