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Official launch for mandatory private pensions set for September 17th
The official launch of the mandatory pension system (pillar II) will be postponed until September 17th- a delay of at least one month after the previously considered date (August), the Priva...
GTC sells 500 homes set for completion in 2008
GTC Romania, the domestic subsidiary of the Israeli company Globe Trade Center, in seven months sold 500 homes worth over 52 million euros, from part of the Rose Garden project, Colentina Ro...
BT Aegon set to enter private pension market
BT Aegon pension company, a joint venture between Banca Transilvania and the Dutch at Aegon, will start operating in the summer of 2007, when the private pension reform is launched. The comp...
Rabobank leasing arm set to enter domestic market
De Lage Landen, the leasing arm of the Rabobank Dutch financial group, believes that investing on the Romanian market is vital to the company's long-term development. "Today's emerging marke...
Banvit set to invest 10m euros in poultry production
Banvit group, Turkey's biggest poultry producer, invested 5m euros in a poultry incubator in Urziceni, Ialomita county, and plans to double its investment in the next two years. "We are goin...
Adeplast maker set to ramp up production
Oradea-based Multistar Prod company, the manufacturer of Adeplast construction materials, is set to begin investments exceeding 12m euros, with plans to start building a production facility...
NBR: exchange rate to set the tone for price variation
The monetary policy signals sent by the NBR (National Bank of Romania) by means of the interest rate channel, have continued to be weakened by the central bank being a net debtor to commerci...
Biodiesel market set to reach 25m euros
Eu fuel consumption norms will generate a 25 million-euro biodiesel market in the last six months of this year. Imports will make up the largest part of the market, though, as most projects...
Mail products market set to rise by over 7%
Thierry Blain, the general manager for Central and Eastern Europe with GPV, one of the major producers of envelopes on the market, says the Eastern European arm of the group will contribute...