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Piraeus raises interest on RON deposits to 10.5% a year
Piraeus Bank, a medium-sized player on the retail segment now offers an annual interest rate of 10.5% for three-month deposits. The bank, however, requires that such deposits be new, as the...
How much will Dacia strike impact on Romania's attractiveness for automotive investments?
The third round of talks between the owners of Automobile Dacia and its union, which was held on Friday, has failed, while the general strike, started by the employees on March 24, will now...
Budgetary spending on personnel triples in 4 years
Spending on personnel from the public budget has tripled over the last four years, to 7.7 billion euros in 2007, and continues to increase. The 1.4 million budget-paid employees cost the sta...
Flanco World spends 16m euros on expansion
Flamingo International, the third largest home appliances retailer in Romania, will invest 16 million euros to expand its overall retail area to 70,000 square metres this year, with 12 Flanc...
Business lawyer income: 500,000 euros on average in 2007
Partners in the biggest law firms in Romania made an average net income of 500,000 euros last year, depending on the profit of the firm and the percentage held in it by each partner, while m...
Bancpost drops down payment on mortgage loans
Bancpost, one of the top ten banks in Romania, has decided to increase the maximum indebtedness accepted to 70% of a monthly net income, and finance up to 100% for the acquisition of buildin...
Worst hit companies on the Bucharest Stock Exchange this year
Companies with medium capitalisation on the Bucharest Stock Exchange were among the worst hit by the decline since the beginning of the year, having lost 40% to 60% of their value, while the...
On the move
Accor Services Philippe Blecon, director general Philippe Blecon, 41 de ani, a preluat conducerea operatiunilor Accor Services pe piata locala, inlocuindu-l pe Emmanuel Malan (46 de ani), ca...
Margento. The show must go on!
Trupa Margento a ajuns un nume de top in mediile artistice underground, mai cu seama peste hotare (vezi, printre altele, Premiul Festivalului de la Buxton Fringe, din Marea Britanie), castig...