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Renault - 300m euros more for Automobile Dacia
French car manufacturer Renault plans to invest 300 million euros in the Mioveni-based plant over the next few years, in order to increase Automobile Dacia output to 400,000 units a year, th...
Foreigners investor net sales: 56m euros in January
Foreign investors' net sales amounted to 56 million euros in January, accounting for a quarter of the sum placed on the Romanian market in 2007, according to the Bucharest Stock Exchange (BS...
Private pension funds to collect monthly contributions worth 20m euros
Mandatory pension funds could receive total contributions worth 20 million euros (72 million RON) every month when collection starts in May, Mariana Campeanu, chairperson of the National Pen...
Foreign currency reserve climbs to 25.5bn euros
The NBR announced a fresh increase in its foreign currency reserves, by 245 million euros in January, after an extremely turbulent month for the RON. The reserves climbed to a record 25.5 bi...
Petroleum market to reach 6.8bn euros this year
Petroleum product consumption is set to rise by around 7% this year against 2007 on rising car fleet and expansion plans announced by the main players. Translated into money, the difference...
Car insurance takes BCR Asigurari's turnover to 174m euros
BCR Asigurari, ranked third on the general insurance market, saw turnover advance by almost 45% last year, to around 174m euros (580m RON). "We did very well on comprehensive and auto liabil...
Consumer loans totalled 7bn euros in 2007
Real estate credits registered a twofold increase, to 9.4 billion RON (2.6 billion euros) - the most dynamic segment of financing granted to the population. The bulk of loans were, however,...
Search Corporation: A design engineer earns 700 euros on average
The employees of design and consulting firm Search Corporation earn 700 euros per month on average, 40% more than at the start of 2007, after increased competition on the market bolstered sa...
Banca Transilvania posts record profit: 102 million euros
Banca Transilvania (TLV) made 340 million RON (102 million euros) net profit last year, 2.8 times higher than in 2006. A large portion of the profit came from the sale of BT Asigurari, revea...