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December 2007, 20% better than December 2006 for retailers
Manufacturers of consumer goods and electrical home appliances and retailers state this yearend's sales, the best indicator for the annual budget, are around 20% higher than last year. The i...
Three groups on the shortlist for LaborMed takeover
Two investment funds and one international pharmaceuticals company are on the shortlist to take over drug producer LaborMed Pharma. Advent International and GED Capital, investment funds whi...
Broadhurst sells two more assets for over 115m euros
American investment fund Broadhurst sold another two of its assets in Romania over the last few days, the AAC (Autoclaved Aerated Concrete) producer Elpreco, based in Craiova, and a company...
Banks account for less than 10% of mandatory pensions
The 7 banks which have had a direct involvement in the management of mandatory private pensions (pillar II) together have a less than 10% market share, after the first 3 months of selling su...
NBR: Banks' closing date for financial statements: December 31
The banks will take into consideration December 31 as the date for determining the credit risk provisions for 2007, although the last banking day of the year is December 28. "The financial y...
Allianz-Tiriac: 399m-euro budget for 2008
Allianz-Tiriac, the largest company on the Romanian insurance market, has budgeted a 399 million-euro turnover for next year, 360 million euros of which from general insurance, and 39 millio...
Islands for sale, from 350,000 euros
Real estate consulting company Coldwell Banker is promoting a portfolio of exotic islands, which are up for sale, with prices ranging from 342,000 euros to 27 million euros. These islands ca...
Bleyzer: Romanian entrepreneurs ask for too much money
Michael Bleyzer, chairman and CEO of the American-held investment fund SigmaBleyzer, which entered Romania this year through the acquisition of milk producer Covalact, says the price that Ro...
Car market headed for 365,000 units
In the first 11 months of the year, new vehicle sales increased by 23.7% against the same time last year, a growth which, if it maintains until the end of the year, could lead to sales of 36...