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HiLo PSS earns 12m euros from storage space
British-held HiLo PSS, one of the few producers of storage systems on the local market, forecasts a 12 million-euro turnover for this year, up 60% against last year, amid more intensive inve...
BCR Leasing: Market up 40% in H1 to 2.9bn euros
Amid the very slow increase in car sales, leasing companies have shifted their focus towards commercial vehicles and equipment funding. The leasing market reached 2.9 billion euros in the fi...
Romanians spend 29bn euros in H1
Romanians spent around 29 billion euros in the first half of the year on goods and services, i.e. on food, energy, cars, homes and mobile phones, according to Finance Ministry data on VAT co...
Belgians to invest 100m euros in two industrial parks
Belgian developer Immo Industry Group (IIG) will become involved in industrial projects in Romania when it builds two industrial parks near Bucharest and in Satu-Mare, which will be built in...
Piraeus assets reach 3.9bn euros
Piraeus Bank, one of the largest Greek financial groups, reached assets worth 3.95 billion euros on the local market in June. The Greeks own a bank on the local market - Piraeus Bank Romania...
Multinationals spend 30,000 euros monthly on expat execs, half of which on salary
The net salary accounts for just half of an expat's costs in Romania. A multinational spends around 30,000 euros a month on an expat who holds a CEO or a general manager position, i.e. 360,0...
VB Leasing funding stagnates at 90m euros in H1
Funding granted by VB Leasing, one of the top ten companies on the leasing market, stagnated at 90 million euros in the first half of the year, after the company registered two-digit increas...
Strauss to invest 7m euros in brands
After a name change from Elite to Strauss, Matanya Schwartz, manager of the coffee company, says the focus will be on brands, whilst its market strategy will target the launch of premium bra...
NBG to spend 6-7m euros on rebranding
"We expect the annual gross income to slightly exceed 15m euros. We are taking into account narrower profit margins from operations with customers and the unfolding of some extensive project...