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Hard Rock: average customer will spend 15 euros
Romania's first Hard Rock Cafe, due to open in Bucharest's Herastrau Park, expects to attract an average of 400 customers per day, while the restaurant's operators forecast sales worth up to...
Foreign investments amount to 6.6bn euros after 11 months
The value of foreign investments declined in the first 11 months of last year by around 20% on 2006, to 6.6 billion euros, according to a statement made on Tuesday in Vienna by Eugen Dijmare...
Interbrands exceeds 1bn euros one year ahead of schedule
Interbrands Marketing & Distribution, the largest distributor of consumer goods, posted business worth 1.05 billion euros last year and joined 10 or so companies in Romania with turnovers wo...
Patriciu pays 500,000 euros for 30% of Heritage
Businessman Dinu Patriciu, the CEO of Rompetrol group, who has an estimated fortune worth 3 billion dollars, has become a shareholder in the company that holds the Heritage restaurant, also...
CEOs receive bonuses worth up to 50,000 euros
The heads of multinationals present on the domestic market at the end of last year received bonuses of up to 35% of their annual gross base salaries, which accounted for an average of 50,000...
IDC: IT market forecast at 1.37bn euros in 2008
The Romanian IT market is estimated to reach 1.37 billion euros in 2008, up around 11% against the level witnessed last year, a lower growth rate than 2007, when the market advanced by 16.7%...
Banca Romaneasca targets credits worth 2.3bn euros
Banca Romaneasca, the local branch of the National Bank of Greece, has budgeted an 80% increase in the value of credits to be granted this year, to 2.3 billion euros. According to preliminar...
Andreas Treichl amasses Erste shares worth 7 million euros
At the end of 2006, Andreas Treichl, CEO of Erste Bank owned 123,440 shares of the bank he runs, which controls BCR, according to the annual report. His shares were worth some 7.17 million e...
Mutual fund assets up 50% to 270m euros in 2007
Net investments in mutual funds amounted to over 60 million euros in 2007, and acted as the main driver for an increase in assets. Mutual funds reported an over 50% asset increase, to 954.2...