to
3.824 articole · RSS
ECB lowers key rate to boost growth in eurozone
The European Central Bank (ECB) yesterday cut its key interest by a hefty half-point, from 3.25% to 2.75%, given the European economy's increasing signs of stagnation.European rates have thu...
Former MP sentenced to three years in prison
The Supreme Court of Justice (CSJ) has sentenced former MP Gabriel Bivolaru to three years imprisonment for fraud. The court has also found that he shall pay more than 2,200bn ROL in civil l...
Rate cuts boost sales of home appliances to all-time highs
Rates are going down. Rates go even lower. Rates won't stop from shrinking. Ziarul Financiar has pretty much bored its readers this year with this particular information. However, it's now t...
Tehnoton goes to extremes
The second-largest cooker maker in Romania, Tehnoton Iasi is charging the northern and southern extremes. It is set to open a showroom in Moscow and then move on with a new showroom in the S...
Petrom turnover comes to a standstill
For several years, the turnover of Romania's largest oil company, SNP Petrom, has been unable to move past the two billion-dollar level. On the other hand, private operators are disclosing b...
Whirlpool sales to exceed 36m euros
Whirlpool Romania expects to make more than 36m euros in turnover this year, up 5% in real terms from the 34.5 million euros (900bn ROL) posted in 2001. Net profit will go beyond $900,000 th...
No need to worry about the "heavy" dollar just yet
Much to the surprise of the financial market, the National Bank of Romania (NBR) in October implied that it supported a higher increase of the ROL/USD exchange rate as compared to the previo...
Tractorul to see massive layoffs
After months of negotiations to sell Tractorul Brasov, the Privatisation Authority and Myo-o company have reached the most delicate issue: the number of employees. Both parties agree that ha...
Iliescu advises PSD not to brag
The first attack against President Ion Iliescu from PSD (Social Democrat Party), launched on Tuesday night through executive secretary Radu Podgoreanu stirred several reactions yesterday, bu...