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Marriott gets 6m euros from rents annually
Societatea Companiilor Hoteliere Grand (GHES) who owns the JW Marriott five-star hotel of Bucharest, annually collects around 6 million euros from rentals of space, sources close to the busi...
Awaiting word from the EU
Although there never seems to be an exact date by which Romania will know when it will enter the EU, what is clear is that the deadline for EU membership is moving ever closer, whilst Romani...
Uninsured cars, likely to be removed from registers
The ordinance stipulating cars for which owners did not buy a civil auto liability insurance policy (RCA) should no longer be registered is likely to be complemented this April with the meas...
Charles de Gaulle Plaza developer in talks to buy 30 ha of land from Zentiva
Pharmaceutical company Zentiva Bucharest is in talks to sell a plot of land, which measures approximately 30 hectares to investment vehicle Avrig 35, the developers of the Charles de Gaulle...
Impact wants to raise 40m euros from investors
Impact Bucharest, a real estate development company, intends to implement a share capital increase by 30 million euros and a bond issue worth 10 million euros this year, to bolster the finan...
SMS reforms begin from Romania
Romania is one of the three markets where the mobile telephony operators Orange and Vodafone will premiere an online messaging service available for mobile phones, which they say is "the nex...
Viorel Dinu moves from AVAS to Salans
Viorel Dinu, 30, has become part of the Bucharest office of the Salans team of lawyers, as of the beginning of this month. Dinu had previously worked for the State Assets Resolution Authorit...
620m euros from 20 investors in December
The top 20 foreign investors pumped funds of over 620 million euros into the share capital of Romanian companies, according to data presented by the National Trade Registry (ONRC) for last D...
AIG business gets boost from Sidex
The insurance policies bought by the steel plant Sidex Galati, one of the big clients of AIG Romania, helped to boost the insurer''s business, which reached more than 21.6 million euros (78....