ZF English
Price declines after three years of crisis: almost none in lei for new apartments
The prices of new Bucharest apartments have dropped, almost three years since the onset of the real estate crisis, by just 15-17% in a series of housing complexes, a "discount" that for pote...
Toader, KPMG: Legislation on the release of provisions as of 2012 needs to be drawn up as quickly as possible
Banks need to know on what foundation to plan their future activity, so it is necessary to draw up legislation to clarify if the state levies tax or not on the banks' earnings from the relea...
BCR Asigurări swings back to profit after two years of losses
BCR Asigurări, ranking fifth on the general insurance market, ended last year with profit worth 14.4m lei (3.4m euros), after having cumulated losses of over 61m lei for two consecutive year...
It's naive to think one can survive in retail today without offers and promotions
Consumer goods, from bread and milk to personal care items, have been the least hurt during recent years, while alcoholic beverages have been the first to go from shopping baskets lately, wi...
Euribor rise will not immediately reflect into new loan costs, bankers say
Foreign currency loans will not become more expensive on short term on the rising Euribor indicator as the falling country risk allows banks to borrow more cheaply from abroad.
BCR offers lower interest margins to settle with clients
BCR, the biggest bank on the market, is currently in talks to settle lawsuits with individual clients on lending contracts now on the docket, proposing the modification of the interest claus...
Five huge energy projects worth 10bn euros
The five biggest energy projects currently under review by the Economy Ministry are worth around 10bn euros.
Billa invests 12.5m euros in remodelling eight stores
Billa supermarket chain, part of German group Rewe, will invest around 12.5 million euros in remodelling eight of the chain's stores, according to ZF calculations based on the number of stor...
Transport Ministry terminates contract for Moara Vlăsiei-Ploiești motorway section
ational Motorway and National Roads Company in Romania (CNADNR) has terminated two major motorway construction contracts within a week.