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Best-paid expat makes 8,300 euros per month
The highest officially registered wage of a foreign national that is currently employed on the Romanian labour market amounts to some 300 million ROL (over 8,300 euros), the data of the Work...
Gigi Becali sells plot of land for 16 million euros
Considered to be one the most important landowners, Gigi Becali has recently sold a plot of land located in northern Bucharest for approximately 15 million euros, sources on the market said....
Aviva increases capital by 5.4m euros
Life insurer Aviva boosted its share capital by 5.4 million euros (19.5 million RON) to 22.9 million euros (over 82.7 million RON) at the end of last year. "We have made this move to consoli...
Selgros: 30m euros for two stores
Selgros Cash& Carry will invest about 30 million euros this year to open two stores, one of them in Ploiesti. The two partners in this company, the German firms Rewe and Fegro Markt agreed t...
Mutual funds market set to reach 1bn euros in five years
Daniel Stifter, general manager of the Eurobank Mutual Funds Management investment management firm, part of Eurobank Greek bank, the majority shareholder in Bancpost, says the development po...
HeidelbergCement turnover to exceed 200m euros
The business of the domestic unit of the German construction materials group HeidelbergCement surged by 22% in 2005, boosted by the rising demand for cement. "This year, we estimate growth o...
State to borrow up to 4.3bn euros
The state and its entities will be able to contract foreign credits amounting to a maximum 4.3 billion-euro limit this year, that is two billions more than in 2005, according to the foreign...
Siemens invests 20m euros in Iasi
Siemens VDO Automotive, part of the German group Siemens, is expanding its activity in Romania with a new research and development centre to be opened in Iasi. Local authorities say company...
Plus investments top 50m euros
German group Tengelmann has overshot the 50 million-euro mark in terms of investments in the Plus Discount chain of stores, after completing a 1.6 million-euro store in the south of the capi...