The Bucharest City Hall will organize a bid on January 19 to choose the company which will build and operate the underground car park in Alba Iulia square, estimated to require EUR 84.6 million. The car park, on three underground levels, will provide 1,490 parking spaces.

Investment fund East Balkan Properties (EBP – formerly Equest Balkan Properties) has sold a 51 percent stake in its Romanian properties Vitantis Shopping Center in Bucharest and Moldova Mall in Iasi to Denesol Limited, a Cyprus – based company owned by George Teleman, for a symbolic value of EUR 5.

The Bucharest Stock Exchange (BSE) recorded EUR 2.15 billion of trade on all its segments during 2010, up 29 percent on 2009. The volume of shares and shares rights trading reached EUR 1.48 million, up 10.7 percent on the previous year. The bonds market doubled to EUR 620 million, while the futures segment also grew by 59 percent, to EUR 25.3 million.

Edenred, formerly known as Accor Services, has acquired Euroticket, Romania's fourth-largest provider of meal and gift...

Romanian carmaker Dacia’s new car registrations in France increased by 70.9 percent on the year in 2010, while overall new car registrations saw a decline of 2.2 percent, according to the French carmakers’ association.

The Romanian Central Bank (BNR) reserves grew by EUR 4.13 billion last year, to EUR 32.4 billion, with the peak in November. In December, the BNR reserves went down by EUR 368 million, as the BNR had to service the external direct debt, while being impacted by the depreciation of the US dollar and on the Sterling pound against the Euro.

Romania has increased the guarantee threshold for bank deposits from EUR 50,000 to EUR 100,000 while reducing the number of days from deposit unavailability until payment from 90 to 20.

Romania's private lending fell by 3.9 percent to EUR 48.5 billion in November from the same month in 2009, held down by local currency loans, according to the Romanian Central Bank (BNR).

The International Finance Corporation (IFC), a member of the World Bank Group, will provide a EUR 58 million loan to Bancpost, that will enable the bank to extend more loans to micro, small, and medium enterprises in Romania and help speed economic recovery.

The Financial Times has recently published an article quoting economist Cornel Ban from the Watson Institute saying Latvia and Romania have emerged as controlled experiments on bold austerity policies

The Bucharest City Hall will organize a bid on January 19 to choose the company which will build and operate the underground car park in Alba Iulia square, estimated to require EUR 84.6 million. The car park, on three underground levels, will provide 1,490 parking spaces.

Investment fund East Balkan Properties (EBP – formerly Equest Balkan Properties) has sold a 51 percent stake in its Romanian properties Vitantis Shopping Center in Bucharest and Moldova Mall in Iasi to Denesol Limited, a Cyprus – based company owned by George Teleman, for a symbolic value of EUR 5.

The Bucharest Stock Exchange (BSE) recorded EUR 2.15 billion of trade on all its segments during 2010, up 29 percent on 2009. The volume of shares and shares rights trading reached EUR 1.48 million, up 10.7 percent on the previous year. The bonds market doubled to EUR 620 million, while the futures segment also grew by 59 percent, to EUR 25.3 million.

Edenred, formerly known as Accor Services, has acquired Euroticket, Romania's fourth-largest provider of meal and gift...

Romanian carmaker Dacia’s new car registrations in France increased by 70.9 percent on the year in 2010, while overall new car registrations saw a decline of 2.2 percent, according to the French carmakers’ association.

The Romanian Central Bank (BNR) reserves grew by EUR 4.13 billion last year, to EUR 32.4 billion, with the peak in November. In December, the BNR reserves went down by EUR 368 million, as the BNR had to service the external direct debt, while being impacted by the depreciation of the US dollar and on the Sterling pound against the Euro.

Romania has increased the guarantee threshold for bank deposits from EUR 50,000 to EUR 100,000 while reducing the number of days from deposit unavailability until payment from 90 to 20.

Romania's private lending fell by 3.9 percent to EUR 48.5 billion in November from the same month in 2009, held down by local currency loans, according to the Romanian Central Bank (BNR).

The International Finance Corporation (IFC), a member of the World Bank Group, will provide a EUR 58 million loan to Bancpost, that will enable the bank to extend more loans to micro, small, and medium enterprises in Romania and help speed economic recovery.

The Financial Times has recently published an article quoting economist Cornel Ban from the Watson Institute saying Latvia and Romania have emerged as controlled experiments on bold austerity policies