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Isărescu: Network costs will be overwhelming unless banks finance companies and SMEs

Banks need to attach more importance to the corporate sector and to SMEs, because if they continue to rely only on lending to the population, they will not be able to grow and to cover the o...

Claudia Medrega · 10.02.2011 · 09:01 · 1 min
ZF English

New education law sparks rush for certification among private schools

Private kindergartens and schools are likely to get at least 10m euros from the state as the new education law comes into effect, in line with ZF estimates based on the number of students at...

Adelina Mihai · 10.02.2011 · 09:00 · 1 min
ZF English

Mihai Ghyka, Bergenbier: Romania is part of the European train, though it’s the last carriage

Mihai Ghyka, general manager of Bergenbier brewer, says that at the end of the second year of crisis Romanian consumers have learnt to save and that they will not rush to consume as long as...

Ioana David · 10.02.2011 · 08:59 · 1 min
ZF English

First revival signs on regular airlines market

The three biggest regular airlines on the Romanian market in terms of the number of passengers, Tarom, Lufthansa group and Carpatair, last year transported 3.7 million passengers overall, al...

Mirabela Tiron · 10.02.2011 · 08:58 · 1 min
ZF English

E.ON head: Gas prices, set to register two-digit growth in 2011

Frank Haidinjak, general manager of E.ON Romania, a company operating on the natural gas and electricity market, with turnover worth around 1bn euros, hopes the Romanian economy will recover...

Radu Racu · 10.02.2011 · 08:57 · 1 min
ZF English

How far bankers have gone with fees

Spurring receipts from fees levied to clients for daily operations has been bankers’ main objective in the past two years, as plummeting loan sales have pushed them to seek alternative inc...

Radu Racu · 10.02.2011 · 08:56 · 1 min
ZF English

Kathrein makes 46m euros from communication antennas

Kathrein Romania, a company producing communication antennas in Timi[oara, expects to generate 46.8m-euro turnover this year, up 5% from 2010, when it reported receipts of 44.6m euros. The e...

Anca Barbulescu · 10.02.2011 · 08:55 · 1 min
ZF English

"Doctor" Franks: We have stabilised the patient, the challenge is the return to growth

The goal of the new arrangement with the IMF is to encourage durable economic growth, says Jeffrey Franks, chief of the negotiation mission with Romania, after the measures decided with the...

Razvan Voican · 08.02.2011 · 23:55 · 2 min
ZF English

80% of the 70 biggest consumer markets were on a decline in 2010

The revival of consumption, the signal all managers in a sector worth over 21 billion euros per year are waiting for, seems an increasingly unlikely scenario, after a 2010 in which the decli...

Cristina Roșca · 08.02.2011 · 23:52 · 1 min