Lotus brand, launched in Romania
Forza Rossa became, yesterday, Lotus’s exclusive representative for Romania, Moldova, Serbia and Montenegro and inaugurated, in Bucharest, the first showroom of the British brand, in...
Author : Nine O' Clock
Stimulate labour, not consumption, BNR Governor says
In order to have a sustainable economic growth, we need to stimulate labour, mainly through investments and job creation, Central Bank head Mugur Isarescu stressed....
Political Labour Code
We will either have a new Labour Code or national strike. In a way, we will come to a moment of the truth: the unions...
Petrom – net profit of over RON 600 M
Analysts in Reuters’ financial sector estimate that Petrom will report a net profit of RON 603.8 M for the last quarter of the preceding year,...
Romtelecom-Cosmote merger underway before BVB listing
Representatives of Citibank, Goldman Sachs and Rothschild already voiced interest. Romtelecom and Cosmote Romania may merge before the listing of the first telecom operator at...
“Marko Bela Law, a super rights law”
November last year, the Romanian Academy, the most prestigious cultural and educational body in this country, drew up a Report on the National Education Bill...
EIF allows BCR, Raiffeisen Bank to provide EUR 315 M loans for SMEs
The European Investment Fund (EIF) has signed with Banca Comerciala Romana (BCR) and Raiffeisen Bank two guarantee agreements under the Joint European Resources for Micro...
Battle for PDL fought by leaps and bounds
PDL has set itself up for an anti-corruption fighter, reform artisan and providential righter of wrongs in Romanian politics. After several years of governance alongside...
Orange and Vodafone fined by Competition Council EUR 63 M for abuse of dominant position
The two telephony operators have announced they will attack the decision in court along with the fine which is thought to be the largest fine...
BRD satisfied with 2010 results amid unfavorable economic environment
The group’s net profit, including the results obtained by BRD Sogelease and BRD Finance branches, totals RON 533 M (EUR 127 M). The bank’s net...