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BCR: zero down payment for mortgage credits
BCR (the largest bank in the system) will reduce the down payment for real estate funding to 0% starting next week, therefore taking the final steps towards relaxing the lending policy for i...
Electroprecizia Sacele sales down 17%
Electroprecizia Sacele, a producer of electric engines and equipment for vehicles based in Brasov county, estimates it will post an over 37 million-euro turnover this year, down 17% against...
BRD Sogelease: Profit margins down
Profit margins on the leasing market are witnessing year-on-year declines, however one solution for improvement would be to enter new market niches, believes Jean-Claude Boloux, the new gene...
Real estate prices slow down Gregory's expansion
The Greek fast food chain Gregory's intends to extend its network by two outlets by the end of October, following an average investment of approximately 100,000 euros per outlet, and by the...
Traded volumes down in September
September brought the first correction in five months in terms of volumes traded on the Bucharest forex market, after all-time highs were registered in the summer. As a result, in September...
Romanian managers refuse to be "tied down"
Increasingly more Romanian managers choose to give up the financial support offered by the organisations where they work, and pay the costs of an MBA or an executive MBA programme on their o...
Effective rate up, nominal rate down
The central bank has increased the intervention rate on Monday, when it absorbed the banks' entire excess liquidity at a fixed interest rate of 7%, even though the monetary policy interest r...
Drought effects as seen by CNP: Economic growth down, inflation up
The forecast for this year's economic growth has been revised downwards from 6.5% to 6.1%, whilst the inflation rate estimate has been revised upwards from 4.2% to 4.5%, announced the Nation...
Silvarom: 15m-euro turnover, down 20%
The furniture producer Silvarom Bucuresti estimates its turnover will fall by 15- 20% this year, to 50m RON (15m euros), due to a drop in exports and the repositioning of the firm on the dom...