29 October 2010

Romania will switch back to winter time or Eastern Europe Time early on Sunday, October 31st, with 04,00 hours turning into 03,00 hours. Switching to Eastern Europe Time will not change the train schedule, with the passenger trains to depart according to the official summer time by 04,00 hours, while those scheduled to depart after 04,00 will leave according to the official train schedule by observing the Eastern Europe Time, the CFR Railways Passenger Branch announced.

29 October 2010

BCR, the largest Romanian bank by assets, controlled by the Austrian Erste Group, posted a net profit of RON 494.5 million (EUR 117.7 million) for the first nine months of this year, down by 29.3 percent on end-September 2009, according to BCR Group’s consolidated financial statements.

29 October 2010

The European Bank for Reconstruction and Development (EBRD) Thursday revised upward its forecast for Romanian economy to minus 2 percent in 2010, from a contraction of 3 percent previously estimated, citing slightly improvements over recent months. In its latest economic outlook, the EBRD said Romania has managed to remain "on course" with its EUR 20 billion IMF-led program by implementing austerity measures that will keep the fiscal accounts under control.

29 October 2010

*Franks, IMF: The Emergency Ordinance 50 is a must in order to get the next loan tranche – in Ziarul Financiar
*Carrefour found another EUR 60 million for local operations. Romanian retails start falling – in Ziarul Financiar
*Orange's revenues drop mainly on the prepay segment – in Ziarul Financiar
*The GP per capital will return to the 2008 level only in 2013 – in Ziarul Financiar
*Eximbank grows loans portfolio by 20% to EUR 118 million – in Ziarul Financiar
*100,000 Dacias with GPL – on Adevarul

29 October 2010

Romania will switch back to winter time or Eastern Europe Time early on Sunday, October 31st, with 04,00 hours turning into 03,00 hours. Switching to Eastern Europe Time will not change the train schedule, with the passenger trains to depart according to the official summer time by 04,00 hours, while those scheduled to depart after 04,00 will leave according to the official train schedule by observing the Eastern Europe Time, the CFR Railways Passenger Branch announced.

29 October 2010

BCR, the largest Romanian bank by assets, controlled by the Austrian Erste Group, posted a net profit of RON 494.5 million (EUR 117.7 million) for the first nine months of this year, down by 29.3 percent on end-September 2009, according to BCR Group’s consolidated financial statements.

29 October 2010

The European Bank for Reconstruction and Development (EBRD) Thursday revised upward its forecast for Romanian economy to minus 2 percent in 2010, from a contraction of 3 percent previously estimated, citing slightly improvements over recent months. In its latest economic outlook, the EBRD said Romania has managed to remain "on course" with its EUR 20 billion IMF-led program by implementing austerity measures that will keep the fiscal accounts under control.

29 October 2010

*Franks, IMF: The Emergency Ordinance 50 is a must in order to get the next loan tranche – in Ziarul Financiar
*Carrefour found another EUR 60 million for local operations. Romanian retails start falling – in Ziarul Financiar
*Orange's revenues drop mainly on the prepay segment – in Ziarul Financiar
*The GP per capital will return to the 2008 level only in 2013 – in Ziarul Financiar
*Eximbank grows loans portfolio by 20% to EUR 118 million – in Ziarul Financiar
*100,000 Dacias with GPL – on Adevarul

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