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How much is collateral backing loans sold by banks worth now?

The ratio of the loans banks have to recover from clients and the value of the collateral they hold for these loans is at a comfortable level, of less than 80% says NBR. As a paradox, the ra...

Liviu Chiru · 23.02.2011 · 23:46 · 1 min
ZF English

How many of the 28 malls announced stand a chance of completion within three years

Only 12 malls and retail parks have real chances of being finalised over the next three years, out of a list of 28 projects started or announced in the past year, reveals a ZF analysis based...

Cristi Moga · 23.02.2011 · 23:45 · 1 min
ZF English

Four banks have over 100m-euro exposure to Burci's insolvent plants

The biggest insolvent group took out loans worth 504 million lei (120 million euros) from RBS Bank Romania, ING Bank, Citibank Europe and Piraeus Bank to develop Astra Vagoane Arad, Meva and...

Mirabela Tiron · 23.02.2011 · 00:11 · 1 min
ZF English

Microsoft Romania imposes stricter rules to its over 2,000 partners

The number of Romanian IT companies that have reached the highest level of partnership with Microsoft (Silver or Gold) could be reduced in the coming period after the American software produ...

Adrian Seceleanu · 23.02.2011 · 00:09 · 1 min
ZF English

Confort City: 1,000 families in 1,680 flats

In the southern part of Splaiul Unirii (Unirii Road) or towards the entry to the Constanța motorway, a complex of cream-coloured blocks of flats stands out: this is where one of the biggest...

Cristi Moga · 23.02.2011 · 00:08 · 1 min
ZF English

Only 16% of companies have filed single statement online

181,674 companies, accounting for 40% of the total, had submitted the single statement for social contributions and the income tax due by yesterday, but only 16% sent the form via the Intern...

Claudia Medrega · 23.02.2011 · 00:07 · 1 min
ZF English

Turabo boss closes 30 coffee shops in a year and a half

Tudor Dragomir Niculescu, 31, owner of the Turabo chain, has closed 30 coffee shops in less than a year and a half, with the company currently left with 14 coffee shops, compared with 44 in...

Cristina Roșca · 23.02.2011 · 00:07 · 1 min
ZF English

Traian Băsescu discovers corruption in the Interior Ministry: Wherever you put your finger, corruption seeps through

There was a big commotion yesterday, when the Ministry of Administration and Internal Affairs presented a review of its activity. President Traian Băsescu was fuming with rage: the Interior...

Radu Racu · 23.02.2011 · 00:06 · 1 min
ZF English

Rekkers, BT: Small companies, first to be hit by crisis, showing signs of rebound

Banca Transilvania (BT) plans to grant 300m euros' worth of unsecured loans to small and medium-sized companies this year, a segment where it holds a solid position traditionally and where i...

Liviu Chiru · 23.02.2011 · 00:05 · 1 min