may
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Mortgage loans, sharp slowdown in May
Mortgage and real estate loans continued to slow down in May for the sixth month in a row, with the monthly increase down to a mere 195 million RON (53 million euros), from the 1.1 billion-RON (337 million-euro) peak reached in November last year. However, the...
In anticipation of Sandero, Dacia's sales drop 38% in May
Dacia sales on the local market fell by almost 40% in May compared with the same time last year and reached a volume of 7,740 cars, according to data provided by the Renault Group. According...
Competition may bring rent in shopping centres down by 40-50%
The value of rent in shopping centres could go down by 40-50% over the next few years compared with 2008, due to fiercer competition on the market, believes Luiza Moraru, head of the retail...
First mandatory private pension contributions transferred on May 20
The first contributions to mandatory pension funds will be transferred on May 20, and they will be worth more than 37 million euros, given that there are more than 4.1 million contributors,...
Agricola Bacau: grain price hikes may limit production
Agricola Bacau group, one of Romania's largest poultry producers, has budgeted 10% higher turnover for 2008, up to 120m euros. The target depends, however, on the company's decision on a pos...
Euro may hit 3.5 RON, but where will it go from there?
The euro could climb to a level of 3.5 RON, or even higher, over the coming period, but what direction the exchange rate will follow afterwards remains unclear. After the RON/EUR exchange ra...
A&D Pharma CEO: Company value may reach 1bn euros in 3 years
A&D Pharma, the company operating pharmaceuticals distributor Mediplus and the Sensiblu chain of drugstores, could reach a market value of 1 billion euros within 3 to 5 years. "The capitalis...
Consumer lending accelerated in May due to lower interests for RON
Consumer lending accelerated considerably in May, posting the fastest growth of the past nine months. Consumer finance gained steam as early as the beginning of spring, after witnessing a si...
4,500 bankers may take a pay cut as of August
The net incomes of the employees that earn gross salaries in excess of 6,350 RON could go down as a result of a modification of the social security law. The salaries of approximately 600 of...