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Departure of foreign execs pushes rents down to half
Luxury homes are no longer in demand, some say, while other realty agencies swear that such residences are still popular. The departure of foreign managers, who have been replaced by local e...
Four instead of five on slow-growing market
The Romanian market of professional services - audit, tax and business consulting, disputed by the offices of the top four players in this field - PricewaterhouseCoopers (PwC), KPMG, Ernst&Y...
Want to make lots of money? Become a top manager in Romania!
Whoever wants to earn a lot of money no longer has to leave the country. A top management position should do it, as the Romanian managers make more money than their colleagues in the neighbo...
Nord wants out of Ibis
Nord SA shareholders will convene tomorrow for an Extraordinary General Meeting to decide whether to sell the 26.2% stake in Continental-Nord Company, owner of the Ibis Hotel in Bucharest, t...
Israelis in charge of Otopeni security
Israel-based Magal Security Systems has landed a $16 million contract for building a perimeter security system at the Bucharest Otopeni International Airport. "This is one of the most signif...
Lack of project finance, major setback
The Romanian market has a huge potential for attracting investments by project finance, which could mainly benefit the railway, road, utilities, energy, and water supply service infrastructu...
National Bank of Romania says reform first, credits next
The Romanian economy needs credits to develop, while PM Adrian Nastase requested NBR to cut interests as to match the inflation decline in order to allow as many companies and individuals as...
President decorates "producers of arrears" for outstanding merits
Everybody agrees that the energy industry makes up the unrestructured hardcore of Romanian economy. However, President Ion Iliescu seems to think very highly of the managers at Electrica, Ro...
Omul din spatele relansarii Bank of America
Dupa doi ani de concedieri si reducere a costurilor, Bank of America, a treia banca americana, incepe sa-si concentreze eforturile pe revigorarea dezvoltarii, spune directorul sau executiv,...