BNR Exchange Rates
27.01.2012- 1 EUR
4.3394 RON - 1 USD
3.3024 RON - 1 CHF 3.5930 RON
- 1 GBP 5.1879 RON
- 1 gr. aur182.8068 RON
Romanian business news Last update: 28.01.2012
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27 Jan 2012 | BNR: Silver coin dedicated to 10 years anniversary of introducing euro coins and bills Pursuant to the provisions of Law No. 312/2004 – The Statute of the National Bank of Romania, on 30 January 2012, the National Bank of Romania will put into circulation, for numismatic purposes, a silver coin dedicated to the 10 year anniversary of the introduction of the euro banknotes and coins.… read more -
19 Jan 2012 | Deloitte: Top Trends in Telecommunications in 2012 Increased popularity of smartphones has pushed for cheaper handsets, and the end of 2012 will see over half a billion low cost smartphones already in use; separately, strained networks will force providers to impose some restrictions on Internet consumption, according to Deloitte's annual Predictions for the Technology, Media & Telecommunications (TMT) sector, now at their 11th edition. … read more
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19 Jan 2012 | PwC: Big spending predicted in 2012 for gold mining companies According to PwC's new annual Gold Price Report, 80% of mining companies expect the price of gold to continue to increase this year, with the majority of respondents expecting gold to peak at US$2,000 per ounce in 2012. … read more
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18 Jan 2012 | The value of tax payments by card almost doubled in the first 11 months of 2011, to RON 69.4 million Visa Europe, together with member banks from Romania, develops for the third year in a row, between January and March 2012, the national campaign to promote card usage for paying local taxes. … read more
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18 Jan 2012 | Deloitte: Top media trends in 2012. Media consumption is equally split between tradition and latest technologies The old and the new continue to work together in the media industry, as some traditional channels maintain a strong foothold among consumers' preferences, while new technologies gain speed and increase penetration rates, according to Deloitte's annual Predictions for the Technology, Media & Telecommunications (TMT) sector, now at their 11th edition. … read more
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13 Jan 2012 | BNR: the balance-of-payments current account posted a deficit of EUR 4,230 million In January-November 2011, the balance-of-payments current account posted a deficit of EUR 4,230 million, 6.6 percent lower than in the same year-ago period, due mainly to the decrease in trade deficit by 11.7 percent. … read more
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06 Jan 2012 | BNR lowers the monetary policy rate to 5.75 percent - details The NBR will further monitor domestic and global economic developments so as, by accordingly adjusting its available instruments, to ensure the fulfilment of its objectives of achieving and maintaining price stability in the medium term, as well as financial stability. … read more
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05 Jan 2012 | BNR lowers the monetary policy rate to 5.75 percent In its meeting of January 5, 2012, the Board of the National Bank of Romania decided the following:… read more
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22 Dec 2011 | Intesa Sanpaolo Bank has increased its capital with 323 million lei (75 milion euro) Intesa Sanpaolo Bank is increasing its capital with 323 million lei (75 million euro), by issuing new shares, underwriting pro-quota by the two shareholders. The value of the capital increased with 65% from 491.111.110 lei up to 814.111.110 lei. Following the capital increase, the percentages shares remained unchanged: Intesa Sanpaolo SpA owns 99,61% from the shares and Intesa Sanpaolo Holding International S.A. 0,39%. … read more
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21 Dec 2011 | Clients Vote for Citibank as the Best Cash Management Bank in Central and Eastern Europe in Euromoney's 2011 Survey
Citibank's Treasury and Trade Solutions business has been named the top-rated Cash Management Bank globally and in Central and Eastern Europe in Euromoney's annual cash management survey.… read more
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21 Dec 2011 | National Bank of Romania: a gold coin dedicated to The History of Gold - The Cross from Garvan Dinogetia. Pursuant to the provisions of Law No. 312/2004 on the Statute of the National Bank of Romania, on 22 December 2011, the National Bank of Romania will put into circulation, for numismatic purposes, a gold coin dedicated to The History of Gold - The Cross from Garvan Dinogetia. … read more
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20 Dec 2011 | Alexandru Leondari - Deputy General Manager Eureko Asigurari Starting 5 December 2011, Alexandru Leondari is added to the current executive team of Eureko Asigurari as Deputy General Manager, his appointment having been approved by the Insurance Supervisory Commission.… read more
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19 Dec 2011 | Emerging Markets, monthly market report from Raiffeisen Capital Management During November the capital markets were once again buffeted by intense volatility. Equity markets in the Emerging Markets suffered some sharp losses, especially in China and India. … read more
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15 Dec 2011 | Jones Lang LaSalle Honoured in Eurobuild Awards 2011 On 8th December at the Eurobuild Awards in Warsaw Jones Lang LaSalle, the financial and professional services firm specialising in real estate, has been awarded Investment Agency Team of the Year in the region of Central and Eastern Europe.… read more
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13 Dec 2011 | EBRD launches a venture capital programme for technology companies
€100 million for innovative companies in software, Internet, communications, semiconductors, mobility and cleantech sectors.
The EBRD is launching a new venture capital investment programme for early and growth stage companies operating in technology sectors. … read more
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12 Dec 2011 | Global sports revenues will grow to 145.3 billion USD over the next four years, shows a PwC analysis Despite the ongoing troubling economic climate, the sports industry has continued to thrive with many major sporting events proving to be more popular than ever. The popularity of these major events is supported by on-going improvements in broadcasting and technology which is allowing better quality coverage than seen before… read more
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12 Dec 2011 | ATE Bank Romania increased the share capital ATE Bank Romania announces the completion of the procedures of increasing the share capital with the amount of 84,472,000 lei (equivalent to 20 million euro).… read more
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07 Dec 2011 | President Traian Basescu: Romania is currently deeply affected by situation in euro area Romania is deeply affected by the situation in the euro area at the moment said President Traian Basescu on Wednesday night in a statement issued at Cotroceni Palace.… read more
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29 Nov 2011 | Reff and Associates, Fatrom's legal advisor in the sale to DSM Nutritional Products Romania The combined value of M&A deals advised by the law firm this year amount to 300 million Euro.
Reff & Associates, the correspondent law firm of Deloitte Romania, advised Fatrom in the sale to DSM Nutritional Products, thus consolidating its M&A portfolio that has reached a combined value of 300 million Euro this year. … read more
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29 Nov 2011 | Citi Celebrates 100,000 Citigold Customers in EMEA Milestone Highlights Appeal of Citigold's Comprehensive Offering to Affluent Individuals Citi's exclusive personal banking service Citigold now has more than 100,000 customers across Europe, the Middle East and Africa, thereby solidifying its position as a bank of choice to affluent individuals across the region. … read more
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25 Nov 2011 | INTESA SANPAOLO: ENRICO TOMMASO CUCCHIANI TAKES OVER AS MANAGING DIRECTOR AND CEO The Intesa Sanpaolo Supervisory Board, chaired by Giovanni Bazoli, met today. In accordance with article 23.9 of the Articles of Association, Guido Ghisolfi replaces Elsa Fornero as a board member, effective 16 November 2011. As regards the Supervisory Board's internal committees, from today Elsa Fornero is replaced by Gianguido Sacchi Morsiani on the Nomination Committee and by Guido Ghisolfi on the Strategy Committee.… read more
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24 Nov 2011 | Visa awarded Millennium Bank's campaigns for Cashback Debit Card and Credit Card Installment Plan with Zero Interest Rate Millennium Bank received "The best advertising campaign” award within Visa Forum conference, for promoting usage facilities attached to its debit and credit cards. The award is a recognition for the bank's advertising campaigns dedicated to the Cashback Debit Card and the credit card Installment Plan with Zero Interest Rate facilities.… read more
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21 Nov 2011 | SC TMK ARTROM SA and BCR signed worth over 45 million EUR credit facilities TMK ARTROM SA, part of European Division of TMK, one of the world's leading oil and gas steel pipe suppliers, signed 5 year EUR 20 million loan agreement with Banca Comerciala Romana, member of Erste Group Bank AG. … read more
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15 Nov 2011 | Current capital market report on the Emerging Markets In October, a robust recovery started on the stock markets in the Emerging Markets (EM) and the developed industrialised countries. The US S&P 500 index booked a gain of around 13%, producing its strongest monthly performance since 1974 and recouping all of the losses since the beginning of the year… read more
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11 Nov 2011 | BNR: Silver coin dedicated to the 150th anniversary of the creation of Astra Pursuant to the provisions of Law No. 312/2004 on the Statute of the National Bank of Romania, on 14 November 2011, the National Bank of Romania will put into circulation a collector silver coin dedicated to the 150th anniversary of the creation of Astra.… read more
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09 Nov 2011 | Financial and Banking Erste Group and BCR sign EUR 50 million loan with Mechel Group in Romania Erste Group Bank AG and its Romanian subsidiary Banca Comerciala Romana (BCR) are granting a EUR 50 million loan to four Romanian steel production facilities, part of the Mechel holding. In 2010, iron & steel was one of the top 10 fastest growing industries in Romania, expanding by 35.1%. Over the next decade, iron & steel production in Romania is expected to continue growing by 4.1% a year on average.#… read more
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07 Nov 2011 | 6% annual interest rate euro deposit and international investment funds for Millennium Bank's Prestige clients Millennium Bank extends its affluent clients offer, with a new saving and investment instrument, Prestige Dual Package, made of a special interest rate euro deposit and international investment funds in euro. Half of the amount invested through the package will be placed in a three-month euro deposit with a very advantageous fixed interest rate, of 6% per year, and the other 50% of the amount will be placed in up to seven different ING Investment Management Luxembourg domiciled funds denominated in euro.… read more
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02 Nov 2011 | Board of the National Bank of Romania decided to lower the monetary policy rate to 6.00 percent per annum In its meeting of November 2, 2011, the Board of the National Bank of Romania decided the following: to lower the monetary policy rate to 6.00 percent per annum from 6.25 percent starting with November 3, 2011;… read more
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25 Oct 2011 | 14 th Call Center Convention, an event about the future
14 th Call Center Convention is an international event organized by Competence Call Center that takes place every year in Viena.… read more
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24 Oct 2011 | Deloitte Balkans announces new Office Managing Partner Ahmed Hassan, Audit Partner in Charge and Chairman of the Board of Directors of Deloitte Central Europe (DCE), has recently been appointed Office Managing Partner of Deloitte Balkans, the cluster including Romania, Bulgaria, Moldova Republic, Albania and Kosovo. He has also assumed the Country Leader position for Romania and Moldova.… read more
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
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- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
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- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
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