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Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and at least 25% against the Swiss franc, according to the minimum stress...
Leo Burnett: Local and international brands should have similar shares
Ioana Iordache, CEO of Leo Burnett, one of the leading communication groups on the local market, says she hopes Leo Burnett's local and international brands will account for similar shares o...
Sodexho: Small firms have less time and money to motivate employees
The reason for this decision is that the penetration of the voucher system is four times lower in such companies than in multinationals. "The penetration rate of vouchers (luncheon vouchers,...
CSA directors have over 1m euros in savings in banks
The members of Board of Directors of the Insurance Supervision Commission (CSA) have bank deposits both in Romania and abroad that equal 1 million euros, according to the fortune statements...
Nortel: 10 companies have over 300,000-dollar IT&C investment budget
A large share of the projects that telecom equipment suppliers are battling over on the local market are generated by around 1,000 companies, of which only 10% invest over 300,000 dollars a...
NVIDIA: We have 80-85% of the graphics card market
The local market of computer graphics cards will grow 30% this year and reach 450,000 units, with 80-85% of the sales being generated by American GPU (graphics processing unit) manufacturer...
Cora: Rising food prices have not hurt sales yet
Eugen Zbircea, manager of Provera, the procurement centre for Cora, Profi and Albinuta stores, says the company's turnover could reach 313m euros this year, with part of the increase trigger...
Isarescu: We don't have a generalised real estate bubble
The Governor of the NBR (National Bank of Romania), Mugur Isarescu, believes there is no bubble on the Romanian real estate market, given that there are major price discrepancies among vario...
Half of Lafarge staff have joined a voluntary fund
Lafarge Romania, the largest cement manufacturer on the local market, has decided to contribute to a voluntary private pensions fund (3nd pillar) on behalf of its staff as part of the employ...