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ZF English

NBR raises monetary policy rate to 9%

The National Bank is pushing for an increase in the cost of lending in RON by increasing the key rate by 1%, from 8% to 9%. This is more than the market expected and reflects NBR's fears of...

Razvan Voican · 05.02.2008 · 20:18 · 2 min
ZF English

Italo-Romena to finance business ideas of Romanians in Italy

The Italo-Romena bank, the local branch of the Veneto Banca group, wants to provide funding for Romanians who work in Italy and want to start businesses back home. "This credit will help rep...

Ziarul Financiar · 04.02.2008 · 19:08 · 1 min
ZF English

NBR could increase interest rate to 9%

The NBR (National Bank of Romania) will increase the key interest rate for RON by at least half a percentage point today, to 8.5% a year, and is expected to continue to apply a moderate incr...

Ziarul Financiar · 04.02.2008 · 19:08 · 1 min
ZF English · Law Firms

Nestor: In three years, we'll be open to any opportunity

The ratio between domestic and international law firms will balance out over the next 3 years, believes Ion Nestor, a senior partner with Nestor Nestor Diculescu Kingston Petersen (NNDKP), l...

Cristi Moga · 04.02.2008 · 19:07 · 2 min
ZF English · Petroleum

Petroleum market to reach 6.8bn euros this year

Petroleum product consumption is set to rise by around 7% this year against 2007 on rising car fleet and expansion plans announced by the main players. Translated into money, the difference...

Roxana Petrescu · 04.02.2008 · 19:06 · 2 min
ZF English · Insurance

Car insurance takes BCR Asigurari's turnover to 174m euros

BCR Asigurari, ranked third on the general insurance market, saw turnover advance by almost 45% last year, to around 174m euros (580m RON). "We did very well on comprehensive and auto liabil...

Angela Placinta · 01.02.2008 · 20:39 · 2 min
ZF English

New head of Zapp: We have the means to invest

In his first interview as CEO of Telemobil, Chris Bataillard has revealed that the company has the necessary financial resources required to develop Zapp. "All I can say is that the Hariri f...

Ziarul Financiar · 31.01.2008 · 19:39 · 1 min
ZF English

8% of Petrom now worth half of what it used to

If employees of SNP Petrom, who will soon be able to buy shares from an 8% stake made available by the company, were to sell their shares on the Stock Exchange today, they would see a twofol...

Ziarul Financiar · 31.01.2008 · 19:39 · 1 min
ZF English

Pogonaru appointed to BCR's Supervisory Board

Businessman Florin Pogonaru has become the fifth Erste Bank representative to the BCR's Supervisory Board, following yesterday's vote in the General Assembly of the Bank's Shareholders. He n...

Ziarul Financiar · 31.01.2008 · 19:38 · 1 min