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Pump prices likely to rise by over 25% by yearend
Oil prices could reach 200 dollars/barrel, a price that even the most downbeat players, who projected a 150 dollar threshold early this year, could have hardly anticipated. Romania currently has some of the lowest prices at the pump among EU states, but this i...
Covalact manager likely to invest in agritourism
Ioan Balan, who in mid-2007 sold his entire stake in dairy producer Covalact to US investment fund SigmaBleyzer, in a deal put at 7 million euros, says he is likely to invest part of the cap...
Selgros likely to reach 1bn-euro mark within a year
"We enjoyed a 27% sales increase in the first half of 2007 against the same time in 2006, and we hope to maintain the same growth rate until the end of the year," said representatives of Sel...
Targu Mures airport likely to enter into partnership with private firms
The chairperson of Mures County Council, Lokodi Edita Emoke, stated she asked the management of Transilvania airport to draw up a study on the investments needed to develop the airport, addi...
Transelectrica likely to float on August 22 or 23
The date when Transelectrica begins trading on the Bucharest Stock Exchange will be set by the end of next week, probably on the the 22nd or 23rd of August, according to the manager of the C...
New hotels likely to hurt Sofitel business
The general manager of Bucharest-based Sofitel four-star hotel, Bruno Vinette, is getting ready for a tough battle with the hotels due to be opened on the Bucharest market next year. The Fre...
Private pension contributions likely to hit 500m euros
Starting from January 1st, 2007, private pensions will be introduced, coinciding with the probable collection of the first contributions to optional pension funds, announced Mihai Seitan, he...
Major real estate project likely to be announced today
River Invest Company, held by the MYO-O, the owner of Semanatoarea combine manufacturer, will develop a real estate project worth several hundred million euros over a 35 hectare plot of land...
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...