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Tourism revenues, down for the first time in 5 years
Romania's international tourism revenues were 3% lower in the first half of this year compared with the same period last year and reached 381m euros, accounting for the first slump in the pa...
Ardaf puts up for sale assets worth 6m euros
Ardaf, an insurance company taken over at the beginning of the year by the Czech-based PPF Investments, has decided to sell part of its assets, which consist of both land and buildings worth...
Domestic electronics, electrical home appliances and IT&C market, head for 1bn euros
The domestic electronics, electrical home appliances and IT&C market is worth just below one billion euros, with the IT&C segment accounting for 25%, black electronics 35% and white electric...
Demand for foreign cars eats into Dacia sales
Sales of new cars in Romania rose by 22.4% in the first seven months of this year, to 177,685 units, compared with the same period in 2006, according to statistical data released by the Asso...
Europa Capital has over 300m euros for real estate projects
Investment management company Europa Capital, which has assets worth almost four billion euros in its portfolio, is set to become involved in real estate projects worth over 300 million euro...
3bn-euro income for the 20 most profitable companies in 2006
The 20 most profitable companies last year posted net profits worth more than 2.9bn euros, one billion euros more than in 2005, according to a ZF analysis based on the data published by the...
Arabesque set for rapid growth Bucharest and in Romania
Arabesque, Romania's biggest distributor of constructions and finishing materials, has opened an 18,000 square metre shopping centre in Baia Mare in the wake of investments worth several mil...
Another Maybach ordered for Romania
DaimlerChrysler Automotive, a car importer, in July received its third domestic order for the Maybach model, one of the most expensive limos in the world. The price of the ordered model, a M...
Biofarm gets 2m-euro plot of land from the state for 135,000 euros
The Romanian state is set to receive shares worth 135,000 euros from the drug producer Biofarm Bucuresti in exchange for a plot of land worth 2-4 million euros, according to prices used on t...