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Rewe rakes in sales of 450m euros
German group Rewe, which owns the Billa, Selgros and XXL Mega Discount stores in Romania, has reported sales of 450 million euros for last year. The year before, the respective turnover for...
Accession Fund negotiates acquisition of Dorobanti 239 office building
The investment fund Accession Fund is negotiating the acquisition of the Dorobanti 239 office building. The building is currently home to Romania''s largest company, Petrom. The value of the...
Hercesa to build housing district on site of Titan bakery
The Spanish company, Hercesa Imobiliare, is planning to build a residential complex on the site of the former Titan bakery, after signing a pre-contract with Loulis Romania for the acquisiti...
Romanian market to feel effects of UniCredito takeover of HVB this autumn
The wave of changes on the European banking market caused by the acquisition of German group HVB by Italian bank UniCredito is reaching Bucharest. The unification of branches in Romania, to...
Private pension funds to be introduced at start of 2006
The first private pension funds are likely to emerge in the first quarter of next year, says Mihai Seitan, chairman of the National Pensions and Other Social Security Rights Office (CNPAS),...
Leasing used for only 6% of investments
Romania ranks just above the bottom place among European states in terms of investments funded in leasing, with a mere 6.34%, less than half of the European average of 14.78%, reveals the an...
A period of silence from you would be welcome
How many journalists are there in Romania? More than two? I ask because whenever I turn on my television I see the same two people: Cristian Tudor Popescu and Ion Cristoiu. For the uninitiat...
Royal Bank of Scotland, 12% in plus la profit
Royal Bank of Scotland Group, banca situata pe locul doi in Marea Britanie, a anuntat o crestere a profitului sau brut de 12%, la fel ca anul trecut, relateaza Bloomberg News. Banca, aflata...
Govt pushes for listing of 94 companies
The government is pushing to have no less than 94 of the companies in which it holds stakes listed on the Bucharest Stock Exchange by selling share packages of 5% in each to investors on the...