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Strong RON forces Petrom's profit down to 266m euros
A drop in the price of crude oil and the appreciation of the Romanian currency against the dollar has resulted in Petrom's profit witnessing a decline of 34% in euros in the first half of th...
Cameron to invest 46m euros in Ploiesti plant
Cameron US group, one of the world's main providers of equipment and services for the oil and gas industry, is set to invest $63m (46m euros) in a plant located in Ploiesti. Through the move...
Ardaf Cluj to move to Bucharest in September
Ardaf is to move its headquarters to Bucharest next month as the company, which was set up in Cluj-Napoca, attempts to diversify its portfolio and recoup part of the house insurance and life...
Isarescu must consult ECB head to change regulations
The introduction of a zero rate for minimum mandatory reserves (RMO) set up by housing savings and loan banks and the elimination of transit sums from the RMO calculation base for all banks...
Bank Leumi set to introduce zero down payment mortgages
Bank Leumi will start selling mortgage loans with a zero down payment as of next month, with a maximum indebtedness level of 70% of a client's eligible income, according to the norms approve...
Excess imports widen trade deficit to 9.6bn euros
The level of exports in RON remained constant in June against last year, while imports advanced by 12%. As a result, the trade deficit widened by 65.2% in the first half of the year, to 32.2...
Power to the Author?
Trei elemente definesc, din punct de vedere tematic, proza lui Alexandru Ecovoiu: Puterea, Ordinea si Jocul. De altfel, legatura dintre acestea iese indata la iveala: Puterea este obsesia si...
ING climbs to 7th place in retail banking
Dutch-based ING announced a 27% increase on gross premiums underwritten for its Romanian insurance unit and the bank also climbed to seventh position in domestic retail banking. ING Bank has...
Henkel to build 10m-euro plant in Campia Turzii
Henkel Romania, the domestic unit of Germany's Henkel group, is set to open a new adhesives plant in September in Campia Turzii, with the total value of investments to revolve around 10m eur...