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Marriott Hotel appraised at 150 million euros
JW Marriott Hotel, the largest five-star hotel in Bucharest, was appraised at some 150m euros by an independent evaluator. The evaluation of the hotel was ordered by the Societatea Companiil...
Foreign investment to reach 6.2bn euros
The foreign direct investment Romania will attract this year is set to amount to 6-6.2bn euros, Ana-Maria Cristina, the chairperson of the Romanian Agency for Foreign Investments (ARIS) told...
Mecanica Rotes to invest 2.7m euros
The shareholders of Mecanica Rotes Targoviste, a manufacturer of faucets, approved an investment plan worth 10 million RON (some 2.7 million euros), which targets production development, as...
Pension funds could collect 60m euros
Everyone up to 35 years of age will be required to contribute to the mandatory pension funds that are privately managed, as stipulated in the draft law modifying Law 411/2004 on privately ma...
Mobile greetings worth 5m euros
Romanians who own a mobile phone seem to have forgotten the tradition of mailing greeting cards. SMS, and more recently, MMS are now all the rage. During the winter holidays, the customers o...
Guzu Chim aims for 34m euros
Paints manufacturer Guzu Chim estimates 125 million RON turnover (34 million euros) for 2006, up from the 92 million RON (25.2 million euros) in 2005. "We will develop our distribution netwo...
Enel invests 65m euros in Banat and Dobrogea
Italian utility company Enel, which owns Electrica Dobrogea and Electrica Banat anticipates its investment programme to stand at more than 65 million euros for this year. The company will es...
30m euros spent on end-year packages
The Romanians spent more than 30 million euros for New Year''s Eve travel packages, of which 24 million for packages in the domestic resorts, the Federation of Romanian Tourism Employers (FP...
ISAF exits Asiban for 12m euros
Intreprinderea de Semnalizari si Automatizari Feroviare (Railway Signalling and Automation Company - ISAF) sold its 20% in Asiban to the other four shareholders of this insurance company, BC...