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Consulting services market, 280m euros last year
The Romanian consulting services market witnessed considerable expansion last year, to 270-280 million euros according to some estimates, due to economic growth and the forthcoming European...
Average wage in February, 217 euros
The average net wage was 767 RON (217 euros at an exchange rate of 3.54 RON/EUR) in February, nearly 14% higher than a year ago, the data provided by the National Statistics Institute show....
Anchor to spend 60m euros on residential projects
Anchor Grup, the developer of the Plaza Romania and the Bucuresti Mall, will invest approximately 60 million euros in building two residential complexes. "The projects include construction o...
Private pension contributions likely to hit 500m euros
Starting from January 1st, 2007, private pensions will be introduced, coinciding with the probable collection of the first contributions to optional pension funds, announced Mihai Seitan, he...
Gras Savoye brokers insurance worth 7m euros
Gras Savoye, the sixth biggest insurance broker on the Romanian market, last year handled policies worth some 7 million euros, a slight drop compared to the previous year. In 2004, the compa...
Vrancart budgets a net profit of 1.4m euros
Paper and cardboard manufacturer Vrancart Adjud budgeted a 60-million RON turnover for this year (some 17.1 million euros for an average exchange rate of 3.5 RON/EUR), a rise of some 22% aga...
ANAT: Plane tickets to become 20-100 euros more expensive
The price of aeroplane tickets will be increased by 20 to 100 euros as a result of the cut in the commission Tarom airline pays to travel agencies as of July 1, the chairperson of the Nation...
Copos invests 150m euros in real estate
Ana Holdings, the company controlled by vice-prime minister George Copos will invest over 150 million euros in three real estate projects - office buildings, extended stay hotels and residen...
Marriott shareholders borrow 111m euros from Erste to pay debts
The shareholders of the company that owns the biggest hotel in Romania, JW Marriott in Bucharest, want to take out a 111.2 million euro loan from Erste Austria, the new owner of Banca Comerc...