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InBev surprised by 5-8% lower demand at yearend
Mihai Ghyka, general manager of InBev Romania, producer of Bergenbier, says in the last three months of 2007 beer consumption experienced a downward trend for the first time in recent years...
TotalSoft aims to quadruple business by 2013
TotalSoft, a local software and services provider, plans to reach turnover worth 100 million dollars (67.3 million euros) within the next 5 years, after the company expands its regional pres...
Traditional home appliances retailers challenged by hypermarkets and online stores
Amid strong market growth, the three retail networks that specialise in electrical home appliances and electronics - Altex, Domo and Flamingo, are beginning to face competition not only from...
BRD unaffected by parent bank Societe Generale's problems
BRD, the domestic branch of Societe Generale remains unaffected by the problems of the parent bank, says Patrick Gelin, the bank's chairman, after the French announced in Paris losses worth...
Buyers of new homes built by individuals must pay VAT
Individuals who sell properties that are less than two years old, and are not used for housing purposes, must register with the Romanian fiscal authorities as VAT payers and collect the tax...
BCR raises interest rates on euro and RON loans by 0.5 %
BCR, the largest bank on the market in terms of assets, yesterday increased interest rates on loans in both RON and euros granted to its retail customers. As a result, the cost of loans incr...
Apemin Tusnad forecasts 50m-euro turnover by 2013
Gyarfas Kurko, the manager and majority shareholder in Apemin Tusnad, believes the move towards PET bottling has significantly marked the development of Tusnad brand, which last year reached...
Erste forecasts banking assets to triple by 2011
"The total assets of the Romanian banking system are expected to increase more than three times by 2011, whilst in Serbia assets will double," estimates Rainer Munz, head of research and dev...
Zapp to see investments after takeover by Arab group Saudi Oger
The takeover of Romanian company Telemobil (operator of the Zapp network) by the group owned by the family of the former Lebanese Prime Minister Rafic Hariri - one of the richest families in...