foreign
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Lazea, NBR: Romanians could eat less to reduce foreign deficit
In hindsight, Romanians should have eaten less imported food and bought fewer imported cars - the two major culprits of last year's trade deficit, believes Valentin Lazea (photo), chief econ...
CEC to limit access to credits in foreign currency
CEC (The Romanian Savings Bank) will focus on granting funding in RON for individual clients, especially after recent exchange rate volatility has indicated that foreign currency loans can c...
How Nokia turned Jucu into a foreign investment hub
Hundreds of apartments under construction, an urban highway, several foreign companies in full recruitment drive, as well as the attention of the international press. For the almost 4,000 in...
50 percent surge in foreign private debt in 2007
Medium and long-term foreign debt went up by 8.1 billion euros last year to 36.8 billion euros. This is double the 4 billion-euro increase registered in 2006 and was largely fuelled by the 5...
Foreign currency reserve climbs to 25.5bn euros
The NBR announced a fresh increase in its foreign currency reserves, by 245 million euros in January, after an extremely turbulent month for the RON. The reserves climbed to a record 25.5 bi...
Romanian bankers, attractive for foreign banks
The latest regional promotion was that of Mihaela Bitu, who took over ING's lending operations in 10 countries. What are Romanians' strong points and why do they seem to be put to better use...
Foreign investments amount to 6.6bn euros after 11 months
The value of foreign investments declined in the first 11 months of last year by around 20% on 2006, to 6.6 billion euros, according to a statement made on Tuesday in Vienna by Eugen Dijmare...
Over 150 foreign insurers on Romanian market in 2007
Over 150 insurers from the European Union have entered the Romanian market after they notified the Insurance Supervision Commission (CSA), and took advantage of the European passport. The bu...
Another 13 foreign financial groups interested in Romania
Another 13 foreign financial groups have notified the NBR (National Bank of Romania) in November about their intention to provide services directly on the Romanian market, based on the Europ...