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Hidroconstructia turnover down 9% in 2007
Hidroconstructia, the largest constructions company in Romania, saw its turnover drop by 9.14% in 2007, to 729.3 million RON (197 million euros), after it lacked the necessary funding for on...
Eurisko: Housing prices will not go down
The prices of housing in Bucharest will not decline this year, given that costs entailed by the development of real estate complexes have gone up, due to the increase in the price of land an...
Ursus expects market growth rate to slow down
Stefan Maria Weber, the new chairman of Ursus Breweries, the producer of Ursus and Timisoreana beer brands, says he is impressed with the domestic beer market's growth rate over the past two...
Cinca steps down from the helm of Flamingo
Flamingo International stepped into the black in 2007, amid a 30% sales increase, to 170 million euros. Electronics and home appliances retailer Flamingo International (FLA) reported busines...
Black Wednesday: BSE down 5%
The decline came at a time when all the markets in the region registered declines of 2% to 4% when the Bucharest Stock Exchange trading closed, which shows that a number of investment funds...
BCR: Lower down payment on real estate loans
BCR, the largest bank in the system, has lowered the down payment it requires from its customers for real estate financing to 0% of the value of the investment, however such loans come with...
Why is the Stock Exchange going down?
The Stock Exchange shed 1 billion euros of its capitalisation yesterday, given that the blue chips lost almost 4% on the average. About 2.9 billion euros have vanished from the Stock Exchang...
Mortgage loans growth slows down
The growth rate of mortgage credits slowed down in October, when the volume of housing loans saw a monthly growth rate of just 3.4%. By comparison, in August and September, the growth pace s...
Stock Exchange drags mutual fund yields down
Corrections on the domestic stock market and the instability of international markets have left deep marks on the yields of mutual funds. Mutual and balanced funds made the heaviest losses o...