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High demand forces HeidelbergCement to build new plant
German group HeidelbergCement will build a new cement plant next year using investments in the region of around 300-330 million euros, while the current facilities in Bicaz, Fieni and Deva are working at full capacity. The local subsidiary of HeidelbergCement,...
High fuel prices cause certain distributors' to change strategies
Possible acquisitions of electrical machinery, cutbacks in transport and the optimisation of shipping routes have become key in the strategy adopted by distributors of drugs, construction ma...
Eurozone inflation reaches all-time high at 4%
Annual inflation in the eurozone hit a record high of 4% in June heightening expectations that the European Central Bank (ECB) will increase its monetary policy rate, currently at the same l...
Enel takes foreign investments to record high
The value of foreign direct investments atracted in the first four months of this year amounted to a record 2.3 billion euros, double as much as the same time last year, while in April alone...
Appetite for consumer loans will remain high until 2010
Consumer lending will increase substantially over the next two years, and will eventually account for 22.7% of the Gross Domestic Product, compared with 14.8% at the end of last year, believ...
WB: Romanian banks charge relatively high fees for basic services
CEE banks prefer to rely on fees levied for account management and cash operations, while tariff gaps between players are quite wide. Romanian banks are relying on fees for account managemen...
Isarescu: The euro will stay high this year
The Romanian currency will not be able to regain the ground it lost against the euro this year, so the average exchange rate will register an increase against 2007, considers Mugur Isarescu,...
High salaries for senior jobs in real estate
Salaries for top management positions in the real estate sector are extremely high and reach almost ridiculous sums, believes Ulrik Rasmussen, a partner with Pedersen & Partners, one of the...
Global food shortage to bring high gains for big farmers
The increasingly high demand for food and biofuels (which are promoted by the EU) will bring Romanian farmers business increases of up to 30% against 2007. The cumulated business of the lead...