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News 16 July 2008
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Update 20:36, 15.07.2008 Two Missing In Blast At Explosive...
All newsBUCHAREST / 20:36, 15.07.2008 The two people reported missing Tuesday afternoon following a blast at explosives maker Nitramonia Fagaras, central Romania, are feared dead, but investigators declined to make an official statement in this respect.... (0 views)
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Update 20:05, 15.07.2008 Rompetrol Group Pres Founds Oil...
All newsBUCHAREST / 20:05, 15.07.2008 Romanian oil tycoon Dinu Patriciu, president of Romanian oil company Rompetrol Group, will establish in August a new company operating in oil sector and will buy airliner Eurojet and non-banking financial institution... (0 views)
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Update 19:41, 15.07.2008 Romanian Rompetrol Lays Off...
All newsBUCHAREST / 19:41, 15.07.2008 Kazakhstan"s KazMunaiGaz, majority shareholder of Romanian oil company Rompetrol, and a team led by president Dinu Patriciu and Titov Buzescu, operational efficiency vice-president, started a restructuring process,... (0 views)
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18:32, 15.07.2008 Romaniaas Rompetrol Ups Pump Prices By...
All newsBUCHAREST / 18:32, 15.07.2008 Romaniaa€™s second-largest oil company Rompetrol Group NV hiked Tuesday its gasoline and diesel oil pump prices by 0.03 lei (EUR1=RON3.6026) per liter, the company said in a statement.The company increased its Super... (0 views)
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17:27, 15.07.2008 Leonard Cohen Plays Bucharest Sep 21
All newsBUCHAREST / 17:27, 15.07.2008 Canadian poet-singer Leonard Cohen will stop for a concert in Bucharest on September 21 during his first major world tour since 1994.The 74-year-old songwriter is known for hit songs such as "Suzanne,"... (0 views)
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Update 17:13, 15.07.2008 Romanian Authorities Arrest 24...
All newsBUCHAREST / 17:13, 15.07.2008 Romanian authorities Tuesday arrested 24 people suspected of defrauding foreign nationals of over EUR400,000 with computer crimes, including credit card fraud.The suspects allegedly staged fake internet auctions and... (0 views)
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16:22, 15.07.2008 Romanian Govt To Suspend Subsidized Loans...
All newsBUCHAREST / 16:22, 15.07.2008 The Romanian government will suspend during the second budget revision in 2008 the subsidized loans for people with disabilities, after the authorities recently limited the loan value to EUR10,000, government sources... (0 views)
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16:06, 15.07.2008 Romanian Leu Most Affected By Intl Crisis...
All newsBUCHAREST / 16:06, 15.07.2008 Romanian leu is the currency in the region most affected by the international financial crisis, while Romania, alongside states like Lithuania, Bulgaria, Hungary and Turkey are considered "fragile" states,... (0 views)
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Romania, EU champion of untaxed wages - Azi
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RCI: BT should focus more on profitability - Azi
All newsIn their latest report, the analysts at Raiffeisen Capital & Investment (RCI) say that the narrowed margin in net interest and heightened salary spending are the main threats on Banca Transilvania"s profitability.The analysts at RCI,... (0 views)
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Further panic and frustration hit Stock Exchange - Azi
All newsThe Bucharest Stock Exchange lost more than 5% yesterday, the biggest decline of the last three months, after the BET index (which indicates the evolution of the 10 most liquid shares on the market) approached a 3-year low. None of the 25 most... (0 views)
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Vladescu: Had we sold BCR today, we would"ve found no buyer...
All newsBanca Comerciala Romana would not have found a buyer in today"s international financial climate, and if privatisation had been delayed by a further eight months, we would have never received even 2bn euros for the 62% sold, says Sebastian... (0 views)
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ING: Don"t bet on RON appreciation, you"ll get burned - Azi
All newsThose who bet on the RON"s appreciation to continue, after the unexpected exchange rate decline at the beginning of the month, are playing with fire and could be in for a surprise, write ING analysts in the report "The RON: If you play... (0 views)
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Three-room flats in Bucharest become increasingly harder to...
All newsThe average price of old flats in Bucharest fell 12% on the average in the second quarter of the year, due to the lack of interest in such homes, reveals an analysis by magazinuldecase.ro website, which brokers direct real estate deals. As a result... (0 views)
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Aggressive battle for retail puts Piraeus among top ten...
All newsThe Greeks at Piraeus Bank have become one of the top ten banks on the market in terms of assets, with 4.1% share of the market, while ING Bank slipped out of the top ten, reveals a ranking put together by UniCredit. Piraeus thus follows the... (0 views)
