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Bucharest is stifled by own growth
Lacking a long-term urban development plan for the last few decades, Romanian cities have developed haphazardly, around industrial or commercial centres, with whole neighbourhoods being repl...
Raiffeisen analysts not convinced by Vosganian's budget
The revenues budgeted for 2008 are overestimated, and could cause the risk of a higher than expected budget deficit, Raiffeisen's research department analysts believe. "The revenues of the 2...
Dornafarm to increase share capital by 1.7 million euros
Pharmaceuticals distributor Dornafarm could increase its share capital by 5.84 million RON (some 1.7 million euros) to a total of 7.2 million RON, with cash contributions from shareholders,...
SIAB lifted importers' sales by at least 30%
Attendance at this year's International Bucharest Car Show (SIAB) brought car importers growth ranging between 30% and 100% during the show's period, with the best results registered in the...
Faurecia expands production capacities by 40%
French-based Faurecia intends to open a new production facility in the town of Victoria (Brasov county) and hopes to reach 1,000 employees by next year. Faurecia Seating Talmaciu, a part of...
BMW: Delivery period to be reduced by up to six weeks
"For BMW's range of models assembled in Europe, the delivery period will be cut by six weeks, to somewhere between six and eight weeks, while for the X5 SUV, which is manufactured in BMW's p...
Benvenuti set to expand by 6 stores this year
Benvenuti footwear store network, set up in 2004 by businessman Dan Pavel, will open six new stores this year, with the first two to be opened this week in Cluj and Iasi. "The large number o...
NBR's foreign currency reserve up by 510m euros
The NBR's (National Bank of Romania) foreign currency reserve reached 25.2 billion euros at the end of September, a 510 million-euro rise against the previous month. The rise occurred amid a...
Hybrid engines boost Raal Bistrita's turnover by 68%
Raal Bistrita, an equipment and cooling systems producer for the automotive industry, posted an approximately 18.5 million-euro turnover in the first half of this year, up 68% against the sa...