29 Iulie 2009

Romania's central lender BNR resumed borrowing banks through the lombard credit and granted lenders one-day loans worth 352 million lei, while the deposit service was less used by banks compared to the previous month, as placements reduced to 4.17 billion lei.

29 Iulie 2009

The Finance Ministry decided to increase the share capital of state-owned lender CEC Bank by around 230 million lei to 949.3 million lei by capitalizing the 2008 profit after receiving the approval of the European Commission, declared for NewsIn the finance government secretary, Gheorghe Gherghina.

28 Iulie 2009

The first International Monetary Fund (IMF) mission, led by Jeffrey Franks, will come to Romania on July 29 to evaluate the degree to which the country fulfilled the commitments taken through the agreement signed in March.

28 Iulie 2009

The exchange rate rose steadily towards the end of the session to close to 4.21 lei per euro after a significant climb of the national currency in the first part of the day, in line with the region, where currencies floated within larger ranges.

28 Iulie 2009

Romania will contribute over 1 billion euros to the European Union (EU) budget this year, but only asks for 30 million euros from structural funds for projects, declared for NewsIn people inside the European Commission (EC).

27 Iulie 2009

Romania’s government will keep financing the first house buying program „Prima Casa” next year if it proves successful, declared today the Prime Minister Emil Boc.

27 Iulie 2009

Piraeus Bank Romania, the unit of Greece's fourth-biggest bank, increased its social capital by 8.7 percent to 950.85 million lei through cash inputs and the incorporation of non-distributed profit on 2008, the lender announced.

27 Iulie 2009

Trade credit insurance policies saw a 20 – 25 percent rise in prices in the first quarter of the year on an increased demand for these products and larger risks of bankruptcy or insolvency of the debtor, declared for NewsIn a representative of broker Marsh Romania.

24 Iulie 2009

Representatives of the audit, advisory and consultancy firm Nexia International have proposed six fiscal anti-crisis solutions meant to rejuvenate economy and stimulate tax collection system.

24 Iulie 2009

Low-fare aviation company MyAir owes around 1.3 million euros worth of debt to Baneasa Airport, representing fees and airport services, according to the managing director of Baneasa, George Mihalcea.

24 Iulie 2009

The editor-in-chief of Business Standard daily said it would leave the newspaper published by Realitatea-Catavencu, effective as of August 23. The former director of business publication Division of the group will fill the post.

24 Iulie 2009

The Italian Civil Aviation Authority (ENAC) announced yesterday it had revoked the flight operation permit of Italian low-fair aviation company MyAir that operates flights from and two Romania. Hundred of passengers were blocked yesterday in Baneasa airport, after all flights had been canceled.

24 Iulie 2009

The government credit increased in June by 10.7%, up to 36,740.2 million lei. On June 30, 2009, the government loan skyrocketed 232% (213.6 pps in real terms), from year-ago period.

24 Iulie 2009

Secom, importer of dietary supplements reported a double turnover from year-ago period, up to 1.3 million euros . For the entire year, the company projected a 100% increase in turnover, from 1.7 million euros in 2008.

24 Iulie 2009

The benchmark exchange rate posted today by the National Bank of Romania slipped 0.07 percent to 4.2325 lei per euro, after the leu strengthened slightly in the early trades, but then went back to the 4.23 threshold.

24 Iulie 2009

VB Leasing, held by VB Leasing International, recorded a 52 percent decrease year-on-year in its net profit in the first half of 2009 and a 60 percent drop in turnover, due to a decrease in car sales on the Romanian market, declared the company's general manager, Peter Demmer, cited by NewsIn.

24 Iulie 2009

Ardaf shareholders approved the increase of the share capital by 200 million lei by compensating a receivable to the main shareholder and by capital inflow from the others, to 309 million lei, announced the company today.

23 Iulie 2009

The car industry suffered one probably its sharpest fall in the last years under the wrath of the global crisis, with over 55% drop in first half. Car manufacturers recorded sagging sales that changed the hierarchy of best sold cars. Dacia had the highest gain in the market, grabbing a 30.5% market share.

23 Iulie 2009

The first six months had seen 15 major changes in local pharmaceutical companies’ top management.

23 Iulie 2009

The search for the low-priced "gems" in distress will be the key agenda item for most private equity players during the remainder of 2009.