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15m euro Italian financing for Distrigaz
Natural gas distributor Distrigaz Nord will contract an up to 15 million euro loan from Italian EFI Bank by the month's end. It will use the money to rehabilitate its gas distribution networ...
8% less for Body Shop in Q1
Cosmetics retail chain The Body Shop Romania witnessed 8% decline in Q1 sales to 290,000 euros, compared with the same time last year. "The sales decline is due - we think, to the reduction...
Bigger sales, smaller profit for Otelinox
Combinatul de Oteluri Speciale (Special Steel Plant) Otelinox Targoviste posted a very small profit in Q1 compared with last year when it was making 24bn ROL, even though turnover did go up...
Regulations for banks and Financial Guard
The Government has endorsed two law drafts modifying the banking law and regulating the organisation and operation of the Financial Guard. The draft modifying Banking Law 58/1998 introduces...
Regulations for profit tax calculation
The expenses for insurance premiums for occupational accidents, occupational diseases and occupational hazards, as well as expenses for any other insurance premiums paid by employers on beha...
Creditanstalt division pays $29m for Opera Center
Opera Center, one of Bucharest's biggest business centres, has been sold for almost 30 million dollars, under the largest transaction ever concluded on the domestic real estate market. The b...
3M Romania hoping for rebound
US-based 3M Company has seen its Romanian operations slowing down due to the world recession, but hopes to catch up this year. 3M, which operates in several fields and is best known as the i...
Neocity plans for $20m offices
Neocity Group, one of the largest investors on the office building market in Bucharest is planning to double investments in the sector over the next four years. So far, Neocity has allotted...
Struggles for friendlier business environment
The establishment of the sole Control Registry for companies, aiming to avoid the agglomeration of control actions, and the elimination of institutional parallelisms in control actions - two...