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Pascariu: big foreign players boost RON demand
The monetary market remains small, whilst the entry of large international banks generates a great deal of pressure, which the market cannot manage, says Dan Pascariu, chairman of HBV Tiriac...
Foreign direct investment to exceed 7.6bn euros
The level of foreign direct investments will stand at 7.6 - 8 billion euros this year estimates the National Forecasting Commission (CNP). According to the estimates, 2007 could see foreign...
CEROPE: Only foreign investments can sustain rise in exports
Only by attracting foreign investments can the increase in exports be sustained, given that all of Romania's competitive advantages on foreign trade have been weakened, shows a study of the...
Foreign investors focus on Eastern Romania
Attracted by cheap labour and low land prices, foreign investors will shift their attention towards Romania's less affluent Eastern region, the secretary general of the Romanian Agency for F...
January sees foreign deficit up 162% and investments down 44%
The surge in the current account deficit has been generated by massive imports made after the first month of EU integration, while the shrinking of investments has caused difficulties in fin...
Euro reverts to 2002 level pressured by foreign speculators
The euro fell to its lowest level in Bucharest yesterday since December 2002, after both local and foreign stock market players placed aggressive "buy" orders for RON on the stock market. Th...
Musat not interested to join forces with top foreign firm
Musat si Asociatii law firm last year disbursed net profits worth 500,000 euros to each of its nine partners, while senior lawyers billed fees worth above 200,000 euros, stated Gheorghe Musa...
Rapid foreign debt growth makes repayment more difficult
The fast surge in short-term foreign debt may become a serious problem in the event of a reversal of the RON appreciation trend, analysts believe. Over the past two years, foreign debt, and...
"Unorthodox" steps taken to slow down lending boost short-term foreign debt
The short-term foreign debt, mostly generated by the private sector, is "completely open to growth" and has become a factor that cannot be overlooked by the NBR, even a reason for concern, N...