12 August 2010

Credit Europe Bank will redeem the clients whose bank accounts have been recently wiped out following unauthorized bank transactions. The bank has already repaid the first amounts and says it has the needed cash to cover these payments. It is yet to disclose the total amount which was taken out of customers' accounts.

12 August 2010

Romania's wheat crop has been affected by floods and will stay below the expectations this season, although at a higher level than last year, according to the Agriculture Ministry. The country is expected to harvest 5.7 million tonnes of wheat, 1 million tonnes below the expected level. Most of the crop has already been harvested from 98 percent of the land.

12 August 2010

Car maker Ford will start production of a new car in its factory in Romania next year. It will be a small-size car which is not yet in Ford's portfolio, according to John Fleming, head of global manufacturing and labor affairs. 150,000 units of the new car will be produced each year, according to Fleming. Production should start towards September next year.

12 August 2010

The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

12 August 2010

Credit Europe Bank will redeem the clients whose bank accounts have been recently wiped out following unauthorized bank transactions. The bank has already repaid the first amounts and says it has the needed cash to cover these payments. It is yet to disclose the total amount which was taken out of customers' accounts.

12 August 2010

Romania's wheat crop has been affected by floods and will stay below the expectations this season, although at a higher level than last year, according to the Agriculture Ministry. The country is expected to harvest 5.7 million tonnes of wheat, 1 million tonnes below the expected level. Most of the crop has already been harvested from 98 percent of the land.

12 August 2010

Car maker Ford will start production of a new car in its factory in Romania next year. It will be a small-size car which is not yet in Ford's portfolio, according to John Fleming, head of global manufacturing and labor affairs. 150,000 units of the new car will be produced each year, according to Fleming. Production should start towards September next year.

12 August 2010

The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

facebooktwitterlinkedin

1

Romania Insider Free Newsletters