market
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Car market meets seven-month targets
Car sales on the Romanian market amounted to 74,000 units in the first seven months of 2003, 19% more than last year, with some 14,000 units having been sold in July, according to the Associ...
New entry on Romanian capital market: leading investment group Hyposwiss
Hyposwiss, one of Switzerland's main investment groups, has recently entered the Romanian market through one of its investment funds - Hyposwiss Fund-Danube Tiger. Until last year, Hyposwiss...
Romanian insurance market heading for $1bn boom
The insurance market is heading for $700 million this year and, should the H1 45% growth pace keep up, we may be looking at one billion dollars next year. The soaring numbers can be grounded...
Romanian furniture market shrinks, productivity goes up
Furniture companies managed to hold on to their earnings by increasing productivity, although demand on the European markets has been shrinking. Productivity in the furniture sector increase...
BCR sees bigger leasing market
BCR Leasing, held by the largest Romanian commercial bank (BCR), closed almost 3,000 financing contracts totalling over 52m euros in H1, four times more than in the year-ago period. The leas...
Internet eats into black market
The international freight road transport licenses will be electronically assigned on www.e-licitatie.ro website as of mid this month, in an attempt to curb corruption down to zero, carriers...
New Fiscal Code draft likely to boost mortgage loans, home improvement market
If you wish to apply for a mortgage loan, perhaps it would be wise not to hurry: starting next year, the Tax Authority will accept the deduction of loan rates. They are not giving anything a...
First greenfield project on hydroelectric power market
A consortium of five companies headed by private energy company Romelectro was again the only bidder for the $120-$150m hydropower development at Islaz, during the second stage of the tender...
First time on domestic market, AND takes syndicated loan from Romanian banks
A first time for the Romanian financial market: a company, even if state-owned, manages to get a syndicated ROL-denominated loan from Romanian banks instead of getting it in foreign currency...