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Two new partners at Voicu & Filipescu
Voicu & Filipescu law firm increased its number of partners from two to four as of this year, officials of the law firm have announced. Marta Popa and Daniel Costea are the new partners on t...
Tariceanu: I didn''t buy RRC at preferential prices
Premier Calin Popescu Tariceanu stated yesterday that it could not be said that he bought his Rompetrol (stock ticker: RRC) stake for a preferential price, because the price was already 4.5...
Brewers double advertising investments at start of year
Advertising spending by beer brands doubled in the first month of this year against the same period last year. During an atypical period for beer sales, the main players in this industry inv...
Office yield stops at 8.5% a year
The average yield of investments in office projects in Bucharest dropped by 3.5 percentage points last year, to 8.5% a year, in euros, according to a survey conducted by the real estate comp...
20m-euro residential complex at Ghimbav
The Chrytis company this year will begin constructing a residential complex covering almost 7 hectares of land in Ghimbav, Brasov county. The value of the investment is put at some 20 millio...
Covalact must be sold at the right moment
Dairy producer Covalact forecasts turnover for this year worth 16 million euros, 15% higher in comparison with 2005. The Sfantu-Gheorghe-based company, which is in partnership with the Dutch...
New round of mortgage rate cuts sees interest kept at less than 10%
February starts with a new round of rate cuts for mortgage loans, both in RON and in foreign currency, as more and more banks are definitely sticking to rates of less than 10%. The declines...
A&D Pharma evaluates business at 300m euros
A&D Pharma, which comprises the Sensiblu drugstore chain and drug distributor Mediplus, has evaluated its business on the Romanian market at approximately 300 million euros, an amount regist...
Marriott Hotel appraised at 150 million euros
JW Marriott Hotel, the largest five-star hotel in Bucharest, was appraised at some 150m euros by an independent evaluator. The evaluation of the hotel was ordered by the Societatea Companiil...