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Will commercial space tenants prevail over owners in two years from now?
Many companies are waiting to enter Romania, but cannot seem to find the right space. It is not about halls, warehouses or offices, but about a piece of commercial property so that they coul...
Medas to take over Metropol
Insurer Mediteranea Assicurazioni (Medas) is to take over the 12,000 life insurance policies held by Metropol, the Romanian-based insurer that filed for bankruptcy. "Some of those policies h...
Continental Villa sold for over $500,000
The Continental Villa in Cluj, part of the hotel chain operating under the same name, was bought by GRP Group, a fully Italian-held company especially established for this acquisition. None...
Holcim gets over Q1 sales decline
Holcim Romania, branch of one of the world's leading construction materials groups - Holcim (Switzerland), announced 5% turnover growth in the first half, compared with last year, following...
Negotiations over $4bn contracts with American partners
The Ministry of Transports, Constructions and Tourism (MTCT) could sign approximately $4bn contracts with US-based Bechtel and Washington Investment Group in order to carry out infrastructur...
PRO TV and Acasa: how to win over audiences everyday
PRO TV and Acasa, the TV stations comprised by Mediapro International (MPI), have jointly posted turnover in excess of $20 million and operating profit worth more than $4 million - by far th...
Over 51% in SNP up for sale
Economy and Trade minister Dan Ioan Popescu on Monday said the State might put up for privatisation more than 51% in SNP Petrom. "I am in favour of privatisation. I am not a fan of 51%; the...
Over 2.5 million customers for Orange Romania
Orange Romania had come to total more than 2.5 million clients by the end of May. The number of customers might increase to 2.9 million by yearend, CEO Bernard Moscheni told Mediafax. It was...
Over 50% people not dealing with banks
Only 36% of Romania's population have a stable relation with a bank, which makes the Romanian market lag behind even Russia or Ukraine, where the share of population "drawn" to the banking s...