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Bourse enters correction phase, brokers say long-term trend positive

The main stocks listed on the Bucharest Stock Exchange registered corrections of as much as 10% from the highs reached in late March and early April, but brokers do not see a return of the p...

Andrei Chirileasa · 19.04.2011 · 23:45 · 1 min
ZF English

Head of Raiffeisen retail: Loan write-downs, impossible to rule out

In around six months, the banking industry will be facing a moment of truth: it will have to decide whether it will erase or not part of the book value of some packages or personal loans who...

Razvan Voican · 19.04.2011 · 23:44 · 1 min
ZF English

Stores before Easter: Number of shoppers rising, but basket smaller

Easter holidays, eagerly awaited by retailers to fatten their sales after consumption further shrank in the first months of this year, show Romanians' budget is still low and the shopping ba...

Cristina Roșca · 19.04.2011 · 23:43 · 1 min
ZF English

Art beat Bourse with 40% yields in 2010

Romanian art investments brought average yields of 40% in euros last year, way above the gains generated by investments in equity, gold or the euro.

Roxana Pricop · 19.04.2011 · 23:42 · 1 min
ZF English

Romania to pay 75m euros in EU penalties on agriculture

Agriculture Minister Valeriu Tabără stated the sum Romania has to pay to the European Commission is likely to drop below 75m euros, the level of penalties for the improper spending of some E...

Emma Toader - Mediafax · 19.04.2011 · 23:41 · 1 min
ZF English

First company to report a decline in beer industry, the market leader itself

Ursus Breweries, the domestic subsidiary of SABMiller brewer, posted an 8% decline in volumes sold during April 2010-March 2011 period, the producer's financial year, according to an interim...

Ioana David · 19.04.2011 · 23:40 · 1 min
ZF English

Dilemma of PM replacement prevents Romania from borrowing cheap from foreign markets

President Băsescu publicly launched the topic of changing the prime minister two months ago, but in the meantime his position has changed.

Razvan Voican · 18.04.2011 · 23:59 · 2 min
ZF English

Builder Delta ACM increases capital by 54m euros

Delta ACM construction company, with 91 million euros in turnover last year, announced it was increasing its share capital by 223 million lei (around 54 million euros) by capitalisation of i...

Liviu Iancu - Mediafax · 18.04.2011 · 23:57 · 1 min
ZF English

Rising interest in Intercontinental: Shares up 73% over past month

Shares of Intercontinental București (RCHI) hotel company have skyrocketed on the Bourse over the past month amid rising transactions.

Andrei Chirileasa · 18.04.2011 · 23:55 · 1 min