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12bn euros in loans for consumers and companies this year
Consumers and companies took out loans in RON and foreign currency worth 12 billion euros in the first ten months of the year, up 23% against 2006 and double against 2005. Individual clients...
EU: New roaming fees are beneficial for telecom operators
The draft law on cutting fees charged in the EU for voice roaming, which has been heavily criticised by the telecom industry's big players, who warned it could potentially cause bankruptcy,...
Proges pays 6m euro for 10 stores
Oradea-based Proges, which specialises in the distribution of interior decoration materials, is set to complete a logistical centre that will cover 50,000 square metres close to Oradea next...
NBR considers inducing "hunger" for RON
If we want to stop the exchange rate from moving towards levels we do not see as right, we will generate a hunger for RON on the market, says Governor of the NBR (National Bank of Romania),...
Banca Romaneasca: higher interest rates for deposits
Greece-based Banca Romaneasca (Romanian Bank) wants to raise more money from its clients by increasing interest rates for deposits in RON by up to three quarters of a percentage point. The b...
BelRom acquires land in Botosani and Severin for 30m euros
Real estate developer BelRom, controlled by a number of Belgian businessmen has bought two further plots of land in Botosani and Drobeta Turnu Severin, where it intends to build two more ret...
Flamingo considers 40 Romanian cities for expansion
Jiri Rizek, CEO of the electronics and home appliances retailer Flamingo International, says he is examining 40 cities in Romania with a view to opening stores with surface areas of 600-1,00...
Final appraisal for banks selling eurobonds
Next week, the government could discuss the draft decision to authorise international banks that will handle the issue of Romanian eurobonds worth at least 500 million euros, says Stefan Nan...
Tougher financing terms for shopping centre projects
Banks have become more reluctant to grant financing for shopping centre projects amid turmoil on the US subprime market, which is having an indirect effect on domestic developers. "Companies...