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Romtelecom spends 30m euros for 2,500 layoffs
Romtelecom, the largest fixed telephony operator on the local market, posted losses in the first quarter of 2008, after one-off expenses worth 30 million euros in restructuring costs, with 2...
Austral: Office supplies and stationery market set to exceed 200m euros
The office supplies and stationery market in Romania, where over 40,000 companies are currently operating, according to Trade Registry data, cited by Austral, is seeing an average annual gro...
Stock Exchange recovers 2.3bn euros in the last month
The Stock Exchange recorded its best performance so far in May, after the BET index (which reflects the performance of the 10 most liquid shares) gained 11%, while the SIFs (financial invest...
Best-paid private pension fund customer earns 89,000 euros per month
The best-paid employee to have joined a privately managed pension fund (pillar II) earns a gross income of 89,000 euros (330,850 RON) per month, according to the data collected by ZF. ZF sen...
Euroins: underwritten premiums worth 9.5m euros
Insurance company Euroins Romania (formerly Asitrans Asigurari) underwrote gross premiums worth 35.36 million RON in the first quarter of the year, up 26% compared with the same time last ye...
Consumer and mortgage credits in exotic currencies top 2bn euros
The population's appetite for credits in exotic currencies remains high, despite the repeated warnings issued by the NBR (National Bank of Romania). The volume of consumer and mortgage credi...
Dufa founder will invest 1.5bn euros in properties
Marius Ivan, one of the founders of paint and varnish producer Dufa Romania (Dufa Deutek), plans to invest 1.5bn euros in the coming years in real estate projects in several Romanian cities...
Hergan sells shopping complex in Titan, with Auchan as anchor, for 140m euros
Real estate developer Avrig 35, controlled by businessman Alexander Hergan, a real estate investor with one of the lowest-profiles on the domestic market, is in advanced talks with DEGI, the...
BT tries to persuade clients to save in euros
Banca Transilvania (BT), one of the top players in the banking system, controlled by local shareholders, will seek to attract more euro-denominated deposits from its clientele. The bank now...