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Raiffeisen analysts not convinced by Vosganian's budget
The revenues budgeted for 2008 are overestimated, and could cause the risk of a higher than expected budget deficit, Raiffeisen's research department analysts believe. "The revenues of the 2...
Retail lending boom not reflected in overdue sums
With lending to individual customers in full swing, overdue sums accumulated by the population bring a pleasant surprise, by suddenly stalling, after having risen fast over the previous mont...
Legislation change: 2% of gross income, not gross salary
The Government has decided that the 2% contribution for mandatory pension funds in the first year of pension collections will be calculated as a percentage of gross income, and not of the gr...
Dijmarescu, NBR: Monetary policy rate cut not an option
Eugen Dijmarescu, vice-governor of the National Bank of Romania (NBR), in charge of market operations, believes a new reduction in the monetary policy interest rate is no longer an option fo...
Patriciu: The state will not collect any taxes from the Rompetrol deal
Dinu Patriciu (photo) has already collected some of the money derived from the sale of 75% in Rompetrol Holding to Kazakhstan-based KazMunaiGaz, with the remaining sum to be received by the...
Peugeot will not recall cars in Romania
Peugeot 307 cars that are already on the road in Romania are not to be recalled to the plant, as part of a European campaign to check 240,000 units sold between 2003 and 2006, said represent...
BT, still not where it wants to be
Asset sale is likely to be one of the streams of revenue Banca Transilvania (BT) could rely on next year, with the 25% stake in Asiban as an example in this regard, states Robert Rekkers, th...
What a CEO should not do in the first 10 days in office
If you consider that a CEO may be in office for three, four or five years, then ten days is a very short period in the professional life of a top manager. However, the first ten days of a ma...
Only 1 of top 7 regional banks not present in Romania
Out of the top 7 players involved in the domestic banking sector just one name does not have a strong presence on the Romanian market, according to a survey conducted by UniCredit. The Centr...