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Foreign investments, 143% higher than in 2005
According to data from the National Bank of Romania, the volume of foreign investment attracted in the first quarter of this year climbed to 1.7 billion euros, a 143% increase against the sa...
Pipe makers profits higher than expected
Pipe manufacturers posted higher profits than originally estimated in their budgets, after they had seen a tremendous increase in financial results in 2005. Artrom Slatina, controlled by the...
IDC: 92,000 laptops sold last year, twice more than in 2004
The total number of PCs (desktop computers, laptops and servers) sold last year on the Romanian market grew by 38.5% against 2004, to some 500,000 units, with brands launched by local compan...
Nutritional supplements to grow faster than the market
Horia Vilcu, the general manager of the Romanian branch of Czech nutritional supplement maker Walmark, says the market of these products will advance by at least 20% this year. Last year, th...
Romanians save and borrow less than their neighbours
Romanians save and borrow the least of all the inhabitants of the states in the region, a survey by UniCredit group analysts reveals. The financial assets of Romanians amounted to some 682 e...
Romanian IT&C, worth more than 4bn euros
The Romanian IT&C sector registered growth of 20% last year. Software exports saw the same rate of growth, reaching 280 million euros. Revenues cashed in from the IT&C industry last year acc...
Fewer new Ozone products than expected
Dan Schiopu runs the domestic operations of the British pharmaceutical group Ozone. He says that given the market conditions, Ozone Laboratories has added another 30 products to its portfoli...
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...
Authorities finally admit growth in 2005 much lower than expected
Premier Calin Popescu-Tariceanu and vice-premier Gheorghe Pogea yesterday admitted that the main macroeconomic targets set for 2005 were not met. "The economic growth was of only 4.2%-4.5%,...