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Prista Oil wants 30% of lubricants market by 2010
Bulgarian lubricant manufacturer Prista Oil, present on the local market for over ten years, intends to double its market share in around two years, and secure the No. 1 position among lubri...
Terapia Cluj indirectly held by Japanese firm
Through the acquisition of Ranbaxy, Daiichi has indirectly become a shareholder in Cluj-based drug maker Terapia, which derived turnover worth 91m euros in 2007. Daiichi Sankyo group, Japan'...
Bavaria Leasing increases capital by 1.1 million euros
Bavaria Leasing, a company whose shareholders include Daniel Daianu and Attila Verestoy, has increased its share capital by 3.88 million RON (1.1 million euros), as revealed by a decision of...
BCR takes the market by surprise with 3.75% deposit interest rise
BCR, the leader of the banking system, operated an increase in the interests paid on RON deposits from its clients by 3.75%, which came as a shock to the market. After this leap, the interes...
Economy resumes fast growth, as GDP increases by 8.2% in Q1
The economy advanced by 8.2 percent in the first quarter against the same period in 2007, and exceeded even the most optimistic expectations, data from the National Statistics Institute reve...
Prices for old flats in Bucharest fall by 10-15%
The prices of old flats in districts like Drumul Taberei and Militari in Bucharest have fallen by 10-15% since the beginning of the year, despite the fact that owners keep asking for the sam...
Competition may bring rent in shopping centres down by 40-50%
The value of rent in shopping centres could go down by 40-50% over the next few years compared with 2008, due to fiercer competition on the market, believes Luiza Moraru, head of the retail...
Secuiana expands by 14-18 stores
Clothing manufacturer Secuiana in Targu Secuiesc, intends to expand its presence on the retail segment and open 14-18 stores throughout the country this year, following a three million-euro...
Cold winter helps boost Romgaz Medias profits by 95.2%
Gas producer Romgaz Medias derived net profit worth 274.5 million RON (74.4 million euros) in the first three months of the year, an increase of 95.2 percent against the same time last year,...