Year
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Baneasa Investments to step into the black in one year
Baneasa Investments, the developer of Baneasa project of northern Bucharest, which entails investments of almost 2 billion euros, is going to turn into the black next year, according to the...
Q2 industry advance, slowest rate of the past year and a half
Industry in the second quarter increased by only 4.4% and slowed down significantly after the first three months of this year, when the rate hit 7.8%. The Q2 growth rate was the slowest reco...
Petrom buys 1bn euro worth of OMV products each year
Petrom, the largest Romanian company in terms of turnover, has bought petroleum products worth over one billion euros from the branches of its Austrian-based majority shareholder, OMV, in or...
Daewoo, losses of over 345m euros last year
Daewoo Automobile Romania, for which Ford US carmaker is in talks with the Romanian state to take over, registered net accounting losses of 345m euros in the previous financial year, while t...
Vosganian: The administration is wasting 600m euros a year
The public administration and the other state-run institutions waste 600 million euros per year, in wage funds for jobs and for civil servants who are simply not there, says Varujan Vosgania...
Over 7bn RON in transactions through www.e-licitatie.ro this year
The value of contracts sealed between January 1 and August 20, 2007 through the Electronic System for Public Acquisitions (SEAP) amounted to 7.148bn RON (2.17bn euros), according to the Nati...
Office space yields to reach 6% in euros per year
The costs related to the construction of an office building are 60% higher than five years ago primarily due to the current rising prices of construction materials, but also because of the s...
Oracle set to hire 500 people within a year
Oracle Romania, the domestic arm of the world's biggest business software company, is set to hire approximately 500 people within a year for its Bucharest-based services and support centres....
Charlemagne has 300m-euro projects planned for this year
European Convergence Development Company (ECDC), controlled by the British company Charlemagne Capital, plans to start three projects by the end of this year, with a cumulated value of appro...