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eurEUR=4.0929 gbpGBP=4.5007 usdUSD=2.9703
jpy 100 JPY = 3.2879 chf CHF = 2.8040 cad CAD = 2.9049
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3 March 2010 RAIFFEISEN BANK S.A.

Focus FX Currency forecast

At EUR/USD 1.348, the euro was trading some 2 cents lower to the US dollar compared to one week ago. The trading range extended from EUR/USD 1.345 to 1.37.
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26 February 2010 RAIFFEISEN BANK S.A.

Bond Markets Outlook

Last week, yields for governmental bonds decreased slightly both in the primary and secondary market. We expect them to stabilise at the current levels over the short term, but we see room for additional decreases by the end of this year.
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24 February 2010 ERNST & YOUNG S.R.L.

Taxation in Romania

Resident entities as well as legal entities having their headquarters in Romania, but incorporated as per the European legislation (i.e. European companies) are subject to tax on worldwide income.
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23 February 2010 RAIFFEISEN BANK S.A.

Focus FX

At EUR/USD 1.367 the euro is trading at essentially the same level to the dollar as last Tuesday. However, during the week we did witness sharp movements in both directions.
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19 February 2010 RAIFFEISEN BANK S.A.

Bond Markets Outlook

Interbank interest rates decreased over the past week as liquidity conditions in the market improved. Yields for bonds also decreased marginally in the primary and secondary markets.
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Emerging Markets Report
RAIFFEISEN BANK S.A.

Economic Overview - January 2010
RAIFFEISEN BANK S.A.

Q&A Reglemetarile contabile conforme cu directivele europene
ERNST & YOUNG S.R.L.

CEE Banking 4Q 09 Previews
RAIFFEISEN BANK S.A.

 General Economic Trends

Economic Outlook ING BANK N.V. AMSTERDAM - BUCHAREST BRANCH Outlook for 2009 -10 THE ECONOMIST INTELLIGENCE UNIT Crisis Diagnosis - Romania Caught on the Wrong Foot? RBS BANK (ROMANIA) S.A. The Economic Activity Probably Reached the Bottom RAIFFEISEN BANK S.A.

 Romanian Business Climate

Financial Reporting in Romania ERNST & YOUNG S.R.L. Managing the Risks of Fraud in a Downturn PRICEWATERHOUSECOOPERS in ROMANIA Transfer Pricing in the International Context of Economic Downturn KPMG ROMÂNIA S.R.L. The Partnership Agreement, an Instrument for Business Development and for Improving Profitability SOCIETATEA CIVILA DE AVOCATI "PACHIU SI ASOCIATII"

 Capital Markets

Romanian Capital Market Regulatory Framework ALPHA FINANCE ROMANIA S.A. BVB versus Foreign Stock Exchanges in Terms of Market Multiples TRADEVILLE S.A. Romanian Capital Market RAIFFEISEN CAPITAL & INVESTMENT S.A.

 Overview of Economic Sectors

The End of Consumerism as We Know It MAGAZINUL PROGRESIV Crude / Refining / Petrochemicals Sector in Romania EFG EUROBANK SECURITIES S.A. Romanian Banking Overview ROLAND BERGER STRATEGY CONSULTANTS S.R.L. Romanian Healthcare Sector RAIFFEISEN INVESTMENT ROMANIA S.R.L.

 Statistics

Macroeconomic Statistics BANCA NAŢIONALĂ A ROMÂNIEI Statistical Indicators INSTITUTUL NAŢIONAL DE STATISTICĂ Romanian Motor Vehicle Market ASOCIAŢIA PRODUCĂTORILOR ŞI IMPORTATORILOR DE AUTOMOBILE

Romania is our priority in investment for this year


ALEXANDER FRECH
General Manager - BAUMAX ROMANIA S.R.L.

In 2010 the total investment of bauMax in Romania will be around 80 million euros, the biggest investment that the company is doing in a single country

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Peste 12-18 luni dobanzile la creditele in lei ar putea sa fie comparabile cu cele la creditele in euro


RADU CRĂCIUN
Chief Investment Officer - EUREKO - SOCIETATE DE ADMINISTRARE A FONDURILOR DE PENSII PRIVATE S.A.

Cred ca persista inca incertitudini importante vizavi de o serie de evolutii economice, mai apropiate sau mai indepartate de Romania, care pot sa aiba o influenta asupra economiilor europene si implicit si a celei locale.

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Cu cat ajungem mai rapid la o transparenta a infrastructurii institutionale, cu atat mai atractiva va fi economia


ROZALIA PAL
Head of Research Department - UNICREDIT TIRIAC BANK S.A.

Un rol foarte important il va juca mentinerea acordului stand-by cu Fondul Monetar Interantional. Pe parcursul acestui an sunt programate sa vina noi transe de la Fond...

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OLEG GALBUR
Head of Research
RAIFFEISEN CAPITAL & INVESTMENT S.A.

PAUL MĂRĂŞOIU
President & CEO
PEACOCK HOTELS

EMILIAN DUCA
Tax Partner
BDO AUDIT S.R.L.
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