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Charles de Gaulle Plaza developer in talks to buy 30 ha of land from Zentiva
Pharmaceutical company Zentiva Bucharest is in talks to sell a plot of land, which measures approximately 30 hectares to investment vehicle Avrig 35, the developers of the Charles de Gaulle...
SIF Muntenia sells 120 ha of land for 17.5 million euros
SIF Muntenia sold approximately 120 hectares of urban land located in a commune south of Bucharest for 17.5 million euros (62 million RON), approximately 15 euros per square metre. SIF Munte...
Turnover of Orange up almost 40%
Mobile telephony operator Orange Romania, 96.8% owned by France Telecom reported an 870 million-euro turnover for the 2005 financial year. The company saw a 39.2% turnover growth as compared...
Brewers double advertising investments at start of year
Advertising spending by beer brands doubled in the first month of this year against the same period last year. During an atypical period for beer sales, the main players in this industry inv...
No insurance for 25% of registered cars
Data from insurance companies on the sale of auto civil liability policies have been checked against the database containing all the cars registered in Romania, which revealed that about one...
Doosan in talks over acquisition of Kvaerner IMGB
Doosan Heavy Industries & Construction Co Ltd., which is part of the South-Korean Doosan Group, is in advanced talks over the acquisition of heavy machinery manufacturer Kvaerner IMGB, sourc...
Two German firms drop out of race for Bucharest
The German energy producer E.ON, one of the largest groups in the world in the utility sector, has left the race to acquire the capital''s electricity distributor, the most valuable company...
Gigi Becali sells plot of land for 16 million euros
Considered to be one the most important landowners, Gigi Becali has recently sold a plot of land located in northern Bucharest for approximately 15 million euros, sources on the market said....
New round of mortgage rate cuts sees interest kept at less than 10%
February starts with a new round of rate cuts for mortgage loans, both in RON and in foreign currency, as more and more banks are definitely sticking to rates of less than 10%. The declines...