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IMF representative surprised by housing prices
The shortage of housing on the local market, which has led to a significant price jump in Bucharest, is surprising even for foreign officials. Prices of real estate properties in Romania are...
Tnuva, 150 new employees by yearend
Tnuva Romania, the newest company to enter onto the domestic market of dairy products, has hired 150 people to begin working at its plant in Popesti-Leordeni and plans to double the number o...
Romstal sees operating income rise by over 30%
Romstal, a Romanian-held company and one of the main players on the sanitary ware distribution market, last year reported a turnover worth 200 million euros, up 33% on 2005. Last year, Romst...
Nike importer bought by Greek ship-owner
Greek company Elmec Sport, the domestic importer of brands such as Nike, Reply Miss Sixty, Calvin Klein and Converse, is to be taken over by the naval operations group Laskarides, according...
Mail products market set to rise by over 7%
Thierry Blain, the general manager for Central and Eastern Europe with GPV, one of the major producers of envelopes on the market, says the Eastern European arm of the group will contribute...
Pesticides boost Procera's business by 140%
Procera, a company specialising in the production of pesticides saw a 140% increase in its financial results in the first quarter of this year against the same time last year. This year the...
Bramac targets 20% market share by 2009
Bramac Sisteme de Invelitori (Bramac Roofing Systems), the local branch of Austrian group Bramac, intends to reach a 20% share of the tile market in the next two years. The company currently...
President Traian Basescu suspended by Parliament
President Traian Basescu was suspended by the Parliament with a crushing majority of votes - 322 in favour of suspension and 108 against. The debates in Parliament and the announcement of th...
Dacia sales rebound by 13% in March
Sales of the Automobile Dacia producer rebounded in March, increasing by 13% against the 38% decline witnessed in the first month of the year, as well as a 22.7% drop in February. Overall 20...