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Renault builds design centre and test track
French group Renault will invest a further 180 million euros in Romania to develop an integrated centre for designing and testing cars and car subassemblies. "Renault Technocentre Romania (t...
No budget and 10m-euro losses for Rulmentul
Shareholders of Rulmentul Brasov, a bearing manufacturer, did not approve the spending and revenue budget and the company''s investment plan for 2006. These two items on the agenda of the Ge...
No showroom for Lamborghini and Bentley yet
Luxury brands Bentley and Lamborghini could enter the Romanian market directly when their annual sales will reach the 40-unit mark. "A 35-40-unit threshold in terms of annual sales is needed...
Dutch investors bet on environment, infrastructure and energy
"The sectors I estimate will see stepped up activity on the part of Dutch investors after Romania joins the European Union are environment, infrastructure and energy," states Marjolyn Van De...
Primola and Ulpio generate 90% higher gross income
Supreme Chocolat, the producer of Primola chocolate and Ulpio biscuits, last year registered gross income worth almost 3.3 million RON (900,000 euros), up more than 90% year-on-year. Supreme...
EU to request Government to raise taxes and cut spending
Next week, the Finance Ministers in the European Union will request that Romania should consider increasing some taxes to boost the revenues of the state budget, in order to encourage invest...
Kraft and Philip Morris take Top Brand''s revenues to 131m euros
Top Brands Distribution, which distributes Philip Morris and Kraft products, plans to enlarge its portfolio of consumer goods suppliers, as well as to expand on the logistics segment. Top Br...
Piraeus Bank wants financial group and new headquarters
Piraeus Bank will complement its financial group structure created around the bank with insurance and securities brokers and an asset manager. At the same time, the bank will continue to exp...
New and old bosses at ARB
Radu Ghetea, the first vice-president of Alpha Bank, yesterday secured a new three-year term as the Romanian Banking Association (ARB) chairman. He ran against Mihai Bogza, Bancpost chairman...