Archive » November 2007 » 15 November 2007 The english news from 15 November 2007
The online advertising market is estimated at €11 mln in 2007
While online advertisers estimated their market's value in spring to be worth some €7-8 million, by year-end the initial fall estimates indicate an approximate amount of €11 mln. Considering that we are already in November…
Central Bank Governor warns over fiscal policies shortages
The application of an excessive monetary policy at the expense of a strong fiscal position may lead to alarming foreign deficits, National Bank of Romania (BNR) Governor Mugur Isarescu stated yesterday in an address at the Western University in Timisoara on the macroeconomic policy mix, Rompres reports.…
New high-speed railway corridor to link Bucharest and Budapest, add up to international rail system
The Romanian and Hungarian governments established today to build a high-speed rail to link Bucharest and Budapest in order to include the two countries in the international high-speed rail system.The new rail will be an extension of the high-speed axis Paris-Strasbourg-Stuttgart-Vienna-Bratislava-Budapest…
Vienna Insurance increased by 29% its nine-month profit in Romanian market
Vienna Insurance Group, which holds five insurance companies in the Romanian market, posted a gross profit of 4.41 million euros in the first nine months of this year, a 29.2% increase against the same period of 2006, in the context of a 80% advance of the subscribed gross premiums…
BCR buys 70 kg of gold in 10-mo
Banca Comerciala Romana (BCR), the biggest lender on the Romanian market, bought some 70 kg of gold in this year's first ten months from individuals and companies, raising the total acquired to 260 kg, according to company officials.So far, BCR is the only bank providing this service,…