July 30, 2014

IMF warns banks most exposed to growing Russia conflict
Jul 30, 2014

IMF warns banks most exposed to growing Russia conflict.
Austrian, Swedish, French and Italian lenders are vulnerable in this situation. Austrian banks are the most exposed to potential losses from tougher sanctions on Russia, while Swedish, French and Italian lenders are also vulnerable, the International Monetary Fund said, informs, (...)
[Read the article in Nine O`Clock]

EY: Romania is still the third most attractive market in the region for foreign investments Romania remains the third most attractive market in the region for foreign direct investments, according to the latest edition of EY’s European attractiveness survey. Romania is favoured by 9% of the respondents in this year’s survey, up by 2 percentage points compared to 2013, while Poland and (...)

SIF Moldova Made The Most Of Its BCR Stake Three years from the exit from BCR, the largest local bank, SIF Moldova (SIF2.RO) gained the most of all the four regional investment funds (SIF) that sold their stakes in the bank, getting about 640 million lei (EUR144 million) in cash and from the sale of the Erste Bank shares over time, (...)

Lufkin Plans To Boost Production At Its Ploiesti Plant The plant US-held Lufkin opened in Ploiesti has been exporting oilfield equipment to various parts of the world from North America to Africa for more than a year now. The plans are to boost production from four to five pumping units a day to about six to eight; one such product may cost as much (...)

FrieslandCampina: Lower VAT On Food Would Help Economy A lower VAT on dairy products, meat and other foods would have a positive impact on the local economy, since Romanians spend as much as 50% of their income on food, says Cornel Caramizaru, sales manager of FrieslandCampina Romania, one of the largest dairy companies in the (...)

Ghetea: CEC Bank Needs Strategic Shareholder Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital sources and one solution is for the bank to attract an international financial institution in its shareholding (...)

Polish Investments In Romania Hit EUR224M In 2013 Romania registered Polish direct investments worth EUR224 million worth in 2013, large Polish-held companies operate businesses worth tens of million euros here and two Polish citizens hold major positions on the local capital (...)

Medlife Breaks Generali Insurance Venture, Prepares New Retail And Corporate Insurance Romania’s private healthcare operator MedLife gave up Vital retail insurance developed jointly with Generali insurer, but announced it planned to launch two new products by yearend. : all romanian news. Copyright © DIRECTWAY | RSS Romaniapress NEWSNews RSS |