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Daewoo focuses on LPG
Romanian carmaker Daewoo Automobile Romania has sold almost 10,000 cars in the first half of 2003, up more than 60% since the year-ago period. The company will focus on sales of cars geared...
Three more cities on McDonald's franchise map
Three more restaurant managers in McDonald's network are on the "waiting list" for becoming franchisees of the American company, after the manager of the restaurant in Brasov is to become th...
Surprise deal on banking market, BPI sells 17% in Banc Post to Eurobank
Surprise deal on the banking market. Banco Portugues de Investimento (BPI) suddenly decided to withdraw from the Romanian banking system and sold its 17% stake in Banc Post. The buyer is non...
Pilkington pulls the plug on $100m Romanian investment
Not every investment project is bound to come true, as proven by the British glass company Pilkington, which halted the construction of a window plant in Romania. The investment had been est...
Newly-released solvency levels stir confusion on insurance market
The Insurance Supervision Commission (CSA) yesterday submitted to Parliament the 2002 Report on the insurance market. This is the first report where CSA presents the solvency level of the in...
Israelis bet on Bucharest land
Land is the best business Romania has to offer at the moment, the Israeli investors feel. The Israeli companies are trying to buy the latest pieces of land available on the Bucharest market....
10 million dollar deal on natural gas distribution market
VitalGaz, Romania's largest natural gas distributor, was sold by its main shareholder (the Romanian Post-Privatisation Fund - FRPP) to the US energy investment group Pelagas Ltd. The $10m de...
4 of 5 Romanian web surfers go on holiday
Nearly 80% of the adult Romanians living in cities are planning to go on holiday this summer, compared to only 66% last year, with 20% of them choosing to spend their summer break abroad, a...
New home on Primaverii Blvd? Take an old one down first!
The traditional residential areas in Bucharest, such as Aviatorilor, Primaverii, Dorobanti or Floreasca have run out of land, given that they have always been the top choice for those lookin...