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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...
MOL: new restaurant concept for petrol stations
MOL Romania, the local branch of the Hungarian petroleum group MOL, this year has begun a project entailing the construction of restaurants within its petrol stations with a high flow of cus...
Tariceanu: PSD also did a good job for the economy
Premier Calin Popescu Tariceanu (photo) believes that the economy has reached its first stage of maturity; free of influence from politics and coping in spite of the current political turmoi...
Hard choice for consumers: imported or local wine?
Since early 2007, the Romanian wine market, which has witnessed slow growth lately, has seen importers fighting to win over Romanians' consumer preferences. The entrance of foreign players i...
Raiffeisen Bank: No down payment for large real estate transactions
Raiffeisen Bank, the third-largest player in the system, wants to remove the mandatory requirement from its own lending guidelines for a client to come up with a down payment in the case of...
Wizz Air targets 1 million-passengers for 2008
Low-cost Hungarian operator Wizz Air, which entered the local market last year, has stated its intention to provide transport services for one million passengers, to and from Romania in 2008...
Prestige Mob aims for 17.5m-euro business
Prestige Mob, a mattress and furniture manufacturer, has estimated a 17.5 million-euro turnover for this year, a 40% increase on last year's indicator of 12.5 million euros. "The Romanian ma...
Real estate boom doubles revenues for consulting companies
Investments worth billions of euros, along with the presence of world-class investors, as well as the fact that Romania is one of the main targets for investors in the region are some of the...
Mall in Valcea sold for 42m euros
The Portuguese company Sonae Sierra, which owns over 40 shopping centres worldwide, has entered the local market through a 42 million-euro transaction, by taking over the River Plaza shoppin...