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Puma helicopters push IAR Ghimbav's turnover up
Helicopter producer IAR Brasov shares increased 10% on RASDAQ on Thursday, after the company disclosed the financial results for the first six months. The effects of the Socat programme aime...
Fiercer competition and bigger investments push banking profits down
"In the years to come, inflation will drop and profit margins will shrink so that, unless volumes increase, the banks' earnings will be endangered." This statement belongs to National Bank o...
Imports push current account deficit up
Five months through the year, Romania's current account deficit had gone beyond one billion dollars. If calculated in euros, the imbalance had reached 967 million euros, up 46.7% from the sa...
Foreigners push Romanian exports up
Nearly 40% of the $13.8bn record export level registered by Romania last year was due to companies either partially or fully controlled by foreigners. Out of the total 13,600 Romanian export...
Auto imports soar to record-high, push leasing to over 500m euros
More than 500 million dollars. This is the value of last year's automobile imports in Romania. Is it a little, is it a lot? These figures are mind-blowing on a market where the (official) av...
Ciorbea wants to push PN?CD up
Ciorbea wants to push PN?CD up
Ciorbea wants to push PN?CD up
Now that it is rid of "the older structures exponents that had insinuated their way in", according to Victor Ciorbea, PN?CD (Peasants' Party) aims to become shortly "the main opposition forc...
Banks summon up courage to push interest rates down
Banks summon up courage to push interest rates down
Banks summon up courage to push interest rates down
After several months of decline in interests for the deposits attracted from the population, the banks are now gathering their courage to lower interests on credits, as well. However, the in...