Articolele autorului Andrei Cîrchelan
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Romanians To File 133% Guarantee On Consumer Loans - Draft
Consumer loans in Romania will have a maturity of at most five years, and clients will have to guarantee 133% of the loan’s value, while real estate financing in euro will require an advance of at least 30%, according to a draft regulation developed by the central bank. citeşte tot
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Economic Growth Needs Stable Prices – Central Bank Governor
Romanian central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices. citeşte tot
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Romania May Keep Some Energy Price Regulation Beyond 2015
Romanian energy regulator ANRE may keep applying current pricing regulations for electricity and gas beyond 2015, for certain categories of clients, despite deregulation agreements concluded between the government and the International Monetary Fund. citeşte tot
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Romanian 1H New Housing Down By 868 To 17,806 Units
The number of residential constructions completed in the first half of 2011 fell by 868 units on the year, to 17,806, the National Statistical Institute, or INS, said Friday. citeşte tot
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Romanian Companies See Wider Fraud Amid Crisis - KPMG
The global economic crisis has brought about an increase in fraud for most Central and Eastern Europe states, including Romania, over the past two years, according to a survey by audit and consultancy firm KPMG. citeşte tot
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Romanian Companies May Pay 10% More For Gas Starting October – Sources
Romanian industrial gas consumers will pay prices higher by up to 10%, most likely starting October, according to agreements between the government and the International Monetary Fund, people close to the matter told MEDIAFAX. citeşte tot
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Clothing Retailer New Look Plans To Invest EUR10M In Romania In Medium Term
British clothing retailer New Look on Friday said it plans to invest some EUR10 million in Romania, over the next 5-8 years, to launch 20 stores, including four units set for launch this year. citeşte tot
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Romania To Be Suspended From Trading Green Certificates - Sources
Romania stands to lose hundreds of millions of euro following a pending suspension from trading green certificates, since breaches were noted in the national inventory of carbon emissions, people close to the matter told MEDIAFAX. citeşte tot
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Romania’s July Budget Gap Stays At RON11.4B, 2.09% Of The GDP
Romania’s consolidated budget posted a deficit of 11.4 billion lei (EUR2.68 billion) in July, equal to 2.09% of the gross domestic product, roughly the same as in June, Finance Ministry data showed Thursday. citeşte tot
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Romania’s Economy Seen Up 1.7% By Yearend - EIU
Romania is facing some tough austerity measures and its economic growth should reach just 1.7% this year, with expectations of strengthening in 2012, according to a report published Wednesday by the Economist Intelligence Unit, or EIU. citeşte tot
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Delhaize Negotiates G’market Takeover From Anchor Group - Sources
Belgian group Delhaize, which operates the Mega Image retail chain in Romania, is in advanced negotiations to take over the four G’market stores held locally by Turkish Anchor Group, people close to the matter told MEDIAFAX. citeşte tot
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Nationwide Electrification Would Cost Romania EUR211M
Romania would need to invest some EUR211 million to connect some 60,600 unconnected households to the national power grid, Thursday said Marian Geanta, development manager of state-owned electricity distributor Electrica. citeşte tot
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Romanian Managers Expect Moderate Growth In Jul-Sept
Romanian managers expect moderate growth in industry, construction, retail and services the July-September interval of 2011, the statistics institute INS said in a statement Thursday. citeşte tot
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Bucharest Owners Sell Plots For Up To EUR8,000 Per Sqm - Colliers
Bucharest plot owners sell at prices of up to EUR8,000 per sqm, while prices have nearly halved over the past three years, to 2004-2005 levels, according to realty advisors Colliers. citeşte tot
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Liquidator Starts Direct Negotiations For Bucharest City Mall Sale
The creditors of bankrupt Bucharest shopping center City Mall approved the start of direct negotiations for the mall’s sale, evaluated at some EUR21 million, Thursday said the unit’s liquidator Casa de Insolventa Transilvania (CITR). citeşte tot
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Macro Network Opens Four New Stores In EUR2M Investment
The Mercadia Holland BV group, owned by Romanian businessman Dinu Patriciu, will invest EUR2 million in four new Macro stores, the company said Wednesday. citeşte tot
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Enel Deplores EUR187M-And-Rising Debt Owed By Romanian CFR
The debt owed by Romanian state-owned railway operator CFR to electricity distributor Enel stands at EUR187 million, Thursday said Enel Romania general manager Luca d'Agnese. citeşte tot
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Low Office Space Deliveries In Bucharest May Predict Higher Rents - DTZ
Developers delivered ten times less office space in Bucharest in the first half of this year, compared to the same period of 2010, namely 12,950 square meters, which could mean rents would go higher by the end of the year, according to an analysis published by realty consultants DTZ Echinox. citeşte tot
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Plots Worth A Total EUR6.8B For Sale In, Around Bucharest
Plots sold in the metropolitan area of Bucharest cost a total EUR6.8 billion and they cumulate a surface of 6,600 hectares, according to a survey by realty developer Impact Developer & Contractor (IMP.RO). citeşte tot
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Romanian Economy Seen Up 4% In 2012 - PM
Romanian Prime Minister Emil Boc late Monday said Romania’s economy is expected to grow by 1.5% to 2% this year, and by 3.5%-4% next year. citeşte tot
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Romania Faces Infringement Procedures On Oil Reserve Gaps
Romania has until December 31 to build its minimum required reserves of crude and oil products for this year, as well as covering last year’s reserve deficit, otherwise the European Commission will start infringement procedures. citeşte tot
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Romania Announces RON0.46 Price Cap In Petrom SPO
The secondary offer through which the Romanian Economy Ministry wants to sell 9.84% in oil company OMV Petrom (SNP.RO) will start Monday at a maximum price of 0.46 lei (EUR0.11) a share, 15% above the last closing price. citeşte tot
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Romania Average Net Wage Dn 2.7% MM In May, To RON1,458
Average net wages in Romania dropped 2.7% on the month to 1,458 lei (EUR345) in May, since wages in April had been boosted by Easter and other seasonal bonuses, the statistics institute INS said Tuesday. citeşte tot
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Romania’s Central Bank ’10 Net Profit Falls To RON1.4B
Romania’s central bank posted a net profit of 1.41 billion lei (EUR334 million) in 2010, compared to RON4.6 billion in 2009, on lower interest revenue, according to the bank’s annual report. citeşte tot
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Romtelecom To Appoint Stefanos Theocharpoulos As CEO
Shareholders of Romanian telecom operator Romtelecom decided Friday to appoint Stefanos Theocharpoulos as the company’s chief executive officer, replacing Yorgos Ioannidis. citeşte tot
