ZF English
Two state-owned companies likely to swell Romania's budgetary gap
CFR Infrastructură and Termoelectrica, state-owned companies with spectacular historic losses, are at the centre of the scandal generated by the reservations the EU voiced about the calculat...
Nokia closes research unit in Romania
The entire team of the R&D unit in Romania of Finnish company Nokia, based in Cluj Napoca and currently employing 120 people, could be made redundant by the end of September, according to a...
First negative vote for Templeton: Shareholders approve dividends as proposed by Finance Ministry
A number of Fondul Proprietatea (Property Fund - FP) shareholders voiced their dissatisfaction about the trend of the stock price on the Bourse during the General Meeting of Shareholders yes...
Private lending is not rebounding
Lending to the private sector in March slid by 1.3% in nominal terms, to 203.9bn lei (49.6bn euros), according to NBR data.
Standard&Poor's: Maintain reform momentum and budget deficit under control and we'll raise your rating
Standard&Poor's (S&P), the first major rating agency that downgraded Romania in the autumn of 2008, announces it may upgrade the rating if the government maintains the momentum of its curren...
Start of 'First Home 4'. What's new this time around?
Bankers are getting ready to resume sale of mortgage loans through the 'First Home' scheme in a few days from now, after the enforcement guidelines of the fourth iteration of the scheme have...
RCS hires Credit Suisse to get it 200 million euros
Telecom operator RCS&RDS, whose annual revenues stand at 400 million euros, has hired Credit Suisse First Boston investment bank to get it more than 200 million euros from the financial mark...
Rising meat prices make Romanian farmers slaughter 20% more cows and pigs
The rising levels of cow and pig slaughtering in the first two months of this year, by 10-20%, might indicate agriculture growth in the first quarter. In 2010, agriculture declined by 0.9% i...
Kronospan budgets turnover of almost 300m euros
Austria's Kronospan group, one of the biggest players on the wood processing market, has budgeted 290m euros in turnover for this year, up around 10% against 2010.