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No foreign exchange risk for Romania's eurobonds
The 750m-euro eurobond issue Romania launched last week does not involve any foreign exchange risks as, by the time it matures, in 2018, the domestic currency will be the euro, states Stefan...
AVAS extends privatisation offers deadline for IAR Ghimbav
The State Assets Resolution Authority (AVAS) has extended by a month the deadline through which offers can be submitted for the privatisation of aircraft builder IAR Ghimbav, until July 23,...
Oresa buys 3 plants for 32.5m euros from Somaco
Swedish investment fund Oresa Ventures will acquire three production facilities that belong to construction materials producer Somaco (SOMZ), based in Bucharest. The deal includes the Somaco...
Carbonated drinks still attractive for bottlers
The above average temperatures recorded last year in the most important season for producers of non-alcoholic drinks (the summer season), and the upward trend in consumption are bringing ann...
Office Depot seeks Romanian manager for Cluj services centre
American-held Office Depot, a provider of office products and services, will transfer its financial operations from Germany, the Netherlands, Belgium, Spain and Italy to the Romanian city of...
Romania, core CEE market for Lufthansa in five years
Regular airline Lufthansa forecasts a two-digit domestic growth rate this year, with Romania likely to become the leading CEE market for the company. "Romania is one of the top CEE countries...
ITG make airbags for Ferrari and Dacia in Sighisoara
Airbag producer ITG Automotive Safety Ro, the former ASCI (Automotive Safety Components International Ro), based in Sighisoara, delivered around 10,000 airbags last year to the Italian sport...
No fixed wages for real estate project managers
On the other hand, on the real estate market, developers' country managers cashed in tens of thousands of euros, whilst real estate brokers received bonuses worth one million euros. Real est...
Cocor rents facade for 1.2m euros a year after renovation
Cocor, which manages the shopping complex under the same name in the centre of Bucharest, will collect 1.2 million euros a year for half of the advertising space on the facade of the buildin...