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Developers deliver fewer flats than promised for H1
Approximately 1,200 new flats that had been scheduled for delivery in the first half of this year have been delayed, as the construction market is experiencing a serious personnel shortage,...
NBR publishes official bank ranking for 2007
Nine banks of the 41 in the system had assets worth less than 100 million euros last year. Only eight banks in the system had an over 5% market share in terms of assets, according to the ann...
2m-euro dividends for heirs of dispossessed interwar magnates
The inheritors of magnates Nicolae Malaxa and Max Auschnitt will collect dividends worth almost 2 million euros in all for their 7.85% stake in Property Fund. The heirs of interwar tycoon Ni...
Imports account for 70% of ceramic tiles market
The local market of ceramic tiles will be dominated this year by imports from Italy, Spain and China, which will account for 70% of total sales, compared with 60-65% last year, amid a lack o...
Pasta market slows down for the first time
Fmcg / Diana Tudor The pasta market is expected to advance by around 5-7% this year and reach a volume of 61,000 tonnes, according to the estimates made by the main players in the industry....
Prista Oil: New cars set the bar higher for lubricant market
Bulgarian lubricant manufacturer Prista Oil, present on the local market for around 10 years, believes the presence of car manufacturers in Romania, as well as the rise of the import market...
Bechtel to hire another 5,000 workers for motorway by 2010
American-based Bechtel, the builder of Transilvania Motorway, estimates its number of employees in 2010 will be 2.5 times higher than at present. Almost 3,000 employees are currently working...
Generali PPF takes over Ardaf and RAI Asigurari for 80m euros
This deal is "in the family", so to speak, as the seller is Czech fund PPF Investments, which took over Ardaf and RAI last March. Generali PPF Holding, a joint venture between groups General...
NBR raises key rate for the sixth time in a row, taking it to 10%
NBR's decision to raise the key interest rate on RON for the sixth time in a row, taking it to 10% a year, is making room for a new rise in credit prices, as well as for talks about further...