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Euro headed towards 3.55 RON after new worsening of regional sentiment
The euro took a fresh leap on the Bucharest market and climbed 1.3% during yesterday's session to a fourteen-month high of 3.54 RON. Although the RON/EUR rate has now increased 14% since the...
Arctic posts 164m-euro turnover after nine months
Arctic, the leading producer of home appliances on the Romanian market, posted turnover worth 164 million euros in the first nine months of this year, up 20% against the same time last year,...
Alpha Bank revises plans upwards after 2007 growth
Alpha Bank, the Romanian branch of one of the largest groups in Greece, has revised upwards its three-year growth strategy, after it achieved significant increases in 2007. "We have reconsid...
Northeastern residential market, second after Bucharest
Romania's Northeast region boasted the best dynamics on the housing segment in the first half of this year after Bucharest, with a 42% increase against the same period last year, and outpace...
Transavia owner anticipates 100m-euro turnover after buying Avicola Bra[ov
Businessman Ioan Popa, who owns Alba Iulia-based Transavia and recently acquired the majority stake in poultry producer Avicola Bra[ov, expects the cumulated turnover of the two companies to...
Tiriac Leasing, 164m-euro financing after 9 months
Tiriac Leasing, a member of Tiriac Holdings group, granted financing worth 164 million euros in the first nine months of the year, up 44% against the same time last year. Financing for the a...
Dacia starts hiring after 11,000 layoffs since privatisation
Automobile Dacia, the Romanian carmaker with turnover forecast above 2bn euros this year, will recruit 600 individuals by the end of next year, with the majority of the new employees to be i...
Contracts signed after SIAB bring 20% to Mazda 2007 sales
Mazda Romania, the importer of the Japanese brand on the domestic market, announced it had received more than 200 orders since Bucharest's International Car Show, which accounts for approxim...
Aviva Asigurari de Viata: 36% increase after 9 months
Aviva life insurer saw its gross underwritten premiums go up by 36% (in euros) in the first nine months of this year against the same period of 2006. According to representatives, the compan...