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Rondocarton invests 38m euros in new plant

Rondocarton, based in Cluj county, a part of Austrian group Rondo Ganahl, has invested 38 million euros in building a corrugated cardboard plant on an around 16,000 square-metre area in Targ...

Ziarul Financiar · 21.09.2008 · 20:45 · 1 min
ZF English · Cement

Cement heavyweights set to invest about 1bn euros

Having entered the domestic market by acquiring plants built before 1989, the world's main cement producers are carrying out the first greenfield projects, after being "forced" by rising con...

Catalin Lupoaie · 21.09.2008 · 20:41 · 2 min
ZF English

Popoviciu invests 11.5m euros in Parc hotel rebranding

The Park Hotels group, controlled by businessman Gabriel Popoviciu, will open its second hotel under the Ramada umbrella by early next year, after completion of the rebranding process of the...

Ziarul Financiar · 12.09.2008 · 22:24 · 1 min
ZF English

Private equity funds bring in half a billion euros

Romania attracted private equity investments worth 476 million euros in 2007, four times more than in the previous year, ranking second in Central and Eastern Europe in terms of the number o...

Ziarul Financiar · 11.09.2008 · 20:37 · 1 min
ZF English

State spending for investments: 3.2bn euros

The investment spending of the public administration reached 11.4 billion RON (3.2 billion euros) at the end of the January-July period, more than double the amounts invested in the same per...

Ziarul Financiar · 10.09.2008 · 20:01 · 1 min
ZF English

Cersanit buys two plots from Barlinek for 15 million euros

Cersanit Romania, formerly Romceram, will buy from the Romanian subsidiary of Polish wooden flooring and parquetry company Barlinek two plots of land that cover 33.5 hectares, located in Mar...

Ziarul Financiar · 10.09.2008 · 20:00 · 1 min
ZF English

Consumer credit in RON exceeds 10bn euros

Consumer credits taken out by the population in RON went up to a level equivalent to 10.3 billion euros, a 36% increase on July last year, according to data from the NBR (National Bank of Ro...

Ziarul Financiar · 09.09.2008 · 00:05 · 1 min
ZF English

Former Continental Hotel in Cluj on sale for 15m euros

Businessman Dorel Tamas, owner of the Continental Hotel in the centre of Cluj-Napoca, via Ardeleana, based in Alba Iulia, could collect 15 million euros for the building, after it is turned...

Ziarul Financiar · 08.09.2008 · 19:07 · 1 min
ZF English

Average banking salary no longer exceeds 1,000 euros

The net average salary in the banking system saw a sudden fall in June, after reaching an all-time high in May, while recruitment continued at a high rate. The 69,241 employees in the bankin...

Ziarul Financiar · 05.09.2008 · 18:03 · 1 min