Year
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Cocor rents facade for 1.2m euros a year after renovation
Cocor, which manages the shopping complex under the same name in the centre of Bucharest, will collect 1.2 million euros a year for half of the advertising space on the facade of the buildin...
Chief investment officers earn at least 100,000 euros a year
A chief investment officer who works for a private equity fund earns an annual salary of more than 100,000 euros, yet their income from transactions is up to ten times higher than the annual...
Auchan delays openings in Timisoara and Constanta until next year
The Auchan hypermarket network will now open hypermarkets in Timisoara and Constanta next year, which were initially planned for 2008, due to dependence on the progression of construction wo...
Foreign debt increases 40% in one year and reaches 61bn euros
Romania's overall foreign debt exceeded 61 billion euros at the end of March, up 40% on the first quarter of last year, reveals data from the NBR (National Bank of Romania). Since the beginn...
Intesa Sanpaolo and C.R. Firenze will not merge this year
Intesa Sanpaolo Bank Romania and C.R. Firenze Romania will continue to operate independently this year, although both banks are part of Intesa Sanpaolo Grup, and at the beginning of the year...
Each Glencore employee contributes 5.5m euros a year
Glencore Protein Romania, the local subsidiary of Swiss trader Glencore International, one of the top three players on the cereal trade market, reported turnover worth 66 million euros (220...
Samus Mex expects to rebound this year
Samus Mex, a furniture manufacturer based in Dej and part of Mobexpert group, announced it expected to achieve slight growth of up to 5% in turnover this year, compared with 2007, when sales...
Grain production set to triple this year
This year's grain and technical crop yield is estimated at 21.2 million tonnes, a volume almost three times bigger than last year's, when a harvest of 8.6 million tonnes was reported, accord...
Stock market slower than bond market this year
Mihail Ion, chairman of Raiffeisen Asset Management (RAM), a mutual fund manager, believes the stock market is likely to offer smaller profits compared to the bond market this year. "This ye...