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5m euros for first pet food plant
The Nordic group, a producer and distributor of consumer goods, is investing over 5 million euros in building the first pet food plant on the domestic market. The plant is being built in Buf...
100 million-euro bill for business lawyers
The Romanian business lawyer that emerged as a symbol of capitalism after 1989 is now a small "powerhouse" with a productivity of 120-150,000 euros. The business lawyer, without whom there i...
Number of employees up for the first time
The total number of employees increased by over 110,000 in 2005 compared to the previous year, with the trade and building industries being the main driving force behind this growth. The rea...
Profits in the pipeline for Silcotub and Artrom
The main pipe makers posted good results for last year, confirming the positive trend followed by this industry in Romania over the last few years. Silcotub ZalAu and Artrom Slatina, the mai...
Bancpost HQ bought for 24m euros
The British real estate investment fund European Convergence Property PLL acquired the office building PGV Tower, housing Bancpost''s headquarters through a 24-million euro transaction. The...
Petrom goes shopping for energy
Petrom, the biggest company on the Romanian market, is preparing to choose its energy supplier for the next two years in one of the biggest deals on the energy market. The value of the deal...
SIF Muntenia sells 120 ha of land for 17.5 million euros
SIF Muntenia sold approximately 120 hectares of urban land located in a commune south of Bucharest for 17.5 million euros (62 million RON), approximately 15 euros per square metre. SIF Munte...
NBR maintains inflation target, allows for deviation
The National Bank of Romania (NBR) announced yesterday that it was going to maintain the inflation target for 2006 unchanged at 5% plus/minus 1%. This option, however, included a drifting of...
BCR cuts interest for mortgage credit
On Monday BCR (Romanian Commercial Bank) engaged in a new offensive on the retail market, by announcing the launch of two credits in foreign currency for individual clients, a mortgage credi...