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Insurance market exceeds 2 billion euros in 2007
Insurance companies' sales reached 7.17 billion RON (2.15 billion euros) last year, up 25 percent on 2006, on the back of motor insurance and life insurance, the latter of which picked up pa...
After 12 years, PRO TV is worth one billion dollars
"Good evening, Romania! Good evening, Bucharest!" It has been 12 years since that December 1, 1995 when Andreea Esca used these words to announce the launch of the PRO TV channel, a channel...
Officer pensions cost public 1 billion euros
The number of pensioners formerly employed by the Interior and Defence Ministries, along with those from the special services (Romanian Intelligence Service, Foreign Intelligence Service, Gu...
Tiriac's real estate portfolio to exceed one billion euros
Businessman Ion Tiriac, one of the richest Romanians, has not overlooked any segment of the real estate market, the most profitable investment field in Romania, managing to build a property...
Oriflame: Romania targeted for investments worth several billion euros
Romania is on the list of Swedish company Oriflame for the construction of a cosmetics plant, along with Hungary, Ukraine and the Czech Republic. Oriflame is seeking a location for a new cos...
SIFs' wealth on the BSE amounts to 3.1 billion euros
The updated value of the listed stock portfolios of the five financial investment companies (SIF) amounts to 3.1 billion euros, accounting for about 9 percent of the total capitalisation of...
How the state lost one billion euros from the Alro deal
Aluminium producer Alro Slatina, which was privatised in 2002 for 11.4 million euros, has now reached a market value of 2.5 billion euros. The state currently owns 10% of Alro, through the P...
Young people's spending power, 2 billion euros
If every one of the more than 3.5 million young Romanians, aged between 15 and 25, spends at least 50 euros per month, the overall annual sum spent by these individuals would exceed 2.1bn eu...
Petrom has oil and gas reserves worth 10 billion dollars
The oil and gas reserves of the biggest Romanian company, Petrom, are currently worth 9.53 billion dollars (7.1 billion euros), and are the most valuable asset of the company, reveals an ana...