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5% of savings set up for over one-year maturity
Only 5% of the population's deposits are made for periods longer than a year, while 30% of them are overnight deposits, shows data for January supplied by the NBR (National Bank of Romania)...
Hundreds of applications for IKEA franchise
IKEA, the Swedish furniture company that opened its first store in Romania last month, has revealed that the first application it received for a franchise in Romania came shortly after the r...
Anchor buys 1 million square metres for its projects
Anchor Grup bought around one million square metres of land in Bucharest and nearby the Capital, where it intends to develop several real estate projects, which will consist of office space,...
680m-euro business for Micula brothers
The European Food & Drinks group, held by the Micula brothers, the biggest player on the food market, increased sales by 11% against 2005, according to data supplied by the owners. Business...
Medeus to produce charcuterie for children
Medeus charcuterie producer, which registered a turnover worth 25 million euros last year, is set to raise its marketing budget by 20% this year, earmarking 1.2 million euros for product pro...
Immoeast buys 25% in Adama for 60 million euros
Austrian investment fund Immoeast, the most active player on the domestic real estate market, has reached a partnership with real estate developer Adama, whereby it will contribute 60 millio...
Visa: Acceptance for payment by card should be expanded
Credit card organisation Visa insists on the need to expand acceptance of payment by cards, especially with medium-sized merchants, transport companies, tax payment and in particular in smal...
Time for Greek-Romanian synergies
Attracted by cultural similarities and by the potential of Romania's economy, Greek investors did not wait for Romania to join the EU to begin investing in the country's infrastructure, and...
Significant potential for SME financing market
SMEs are becoming an important client niche for banks. For the time being, the level of financing for such companies is low; both in terms of the number of companies funded and for the numbe...