ZF English
Pension funds shift money from deposits to T-bills and stocks
Sums placed by managers of mandatory private funds (pillar II) in deposits dropped by 82m lei (20m euros) in the first quarter of this year, from 229m lei (around 55m euros), boosting instea...
Adamescu family buys 16% of Intercontinental Hotel through Astra Asigurări
Astra Asigurări insurance company, held by the Adamescu family, has bought a 16.2% stake on the Stock Exchange in Intercontinental (RCHI) company, which holds the Intercontinental Hotel in c...
Eurolines wants to open 24 agencies this year
Eurolines intends to open 24 new agencies on the Romanian market, either its own or under franchise agreements, with the network set to reach over 70 agencies, said Dragoș Anastasiu, owner o...
What Ioan Nelu Botiș leaves behind and who could take over as Labour Minister
Labour Minister Ioan Nelu Botiș yesterday resigned from his position, in the wake of the press scandal surrounding the involvement of his wife in a project funded with EU money managed by th...
We have cash and have cut loan interests. We are waiting for demand to return, say bankers
Bankers could further cut loan interests because they have enough cash, but for now they are waiting for client demand to return and are bracing for the resumption of lending with offers to...
Unemployment on a downward path for a year. Unemployment rate is under 6%
The unemployment rate reached 5.92% at the end of March, the 12th consecutive month of decline. Between February and March 2011, over 60,000 unemployed were removed from statistics, while th...
Chandran, Kraft Foods: Buying confidence still very low
Gerard Chandran, managing director with Kraft Foods Romania, the company including in its portfolio brands such as Milka, Jacobs or Poiana, says the start of the year did not bring a recover...
MOL could start oil & gas production in five years
Hungary's oil group MOL is set to invest 9.4m dollars to explore three perimeters of western Romania with a "good potential" of oil and gas.
Government approves "First Home" 4 norms: banks can trade portfolios among them
The fourth edition of the "First Home" scheme, where banks will be able to grant mortgages half guaranteed by the state if they agree to halve the guarantee for the loans sold as part of the...