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NBR rejects establishment of Becali Bank
The Board of Governors of the National Bank of Romania (NBR) has rejected in its July 24 meeting the application to establish Becali Bank, the credit institution that businessman George Beca...
Catalin Breaban, second Romanian to join the ranks of American giant Carlyle
Carlyle, the largest worldwide investment fund manager, has recently appointed a Romanian as Vice President for buyout opportunities in Central and Eastern Europe. This makes Catalin Breaban...
Hornbach sells part of 20m-euro land
German group Hornbach could derive profit for the first time on the Romanian market from a real estate deal, as the retailer is planning to sell part of the 150,000 square-metre plot on DN1...
Romania has 1 million square metres of shopping centres
The number of shopping centres in Romania has now exceeded 30, with an overall lettable surface area of 1 million square metres, after nine new projects were launched this year, reveals a ZF...
LCR targets 50 Lee Cooper stores by end of 2009
LCR Jeans, the company that holds the licence for 31 Lee Cooper stores locally, wants to open another 19 units by the end of next year, following an almost 3 million-euro investment. "By the...
Eurolines owners give up 47% of the group
Dragos Anastasiu and his associates have given up a 47% stake in Touring Eurolines, a company with turnover worth over 30 million euros, which operates in international passenger transport,...
Multinationals spend 30,000 euros monthly on expat execs, half of which on salary
The net salary accounts for just half of an expat's costs in Romania. A multinational spends around 30,000 euros a month on an expat who holds a CEO or a general manager position, i.e. 360,0...
Price of flats in Bucharest continues to fall
The prices of flats in Bucharest fell by 5% from January through to July this year, as a result of the reduction of prices especially over the last two months, the ZF index reveals. The pric...
Bank of Cyprus isi extinde reteaua teritoriala cu inca 10 sucursale
Bank of Cyprus, jucator care a intrat pe piata locala vara trecuta, intentioneaza sa isi extinda reteaua teritoriala cu zece unitati pana la sfarsitul acestui an si sa creeze o infrastructur...