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More homes delivered in Ilfov than in Bucharest
Bucharest continues to expand outwards, as the inner city gets ever more crowded by the day. More than 19,000 homes were built in Ilfov county (which surrounds Bucharest) in the first three...
Fermented milk drinks and ice cream sales grow faster than dairy market's
Sales of dairy products went up by more than 20% last year, having increased faster than the entire consumer goods market. However, the stars of 2006, milk and desserts, were left behind by...
Heineken-Bere Mures deal struck sooner than expected
Less than two months after sitting at the negotiation table, Heineken have signed an agreement to take over Bere Mures, with an acquisition that will bring another two businesses (a hotel an...
Claims grow faster than premiums for 4th year
The gross claims settled by insurance companies last year went beyond 1bn euros for the first time, up 35% (in euros) from 2006. Also, turnover on the insurance market in 2007 advanced by a...
TNT's profit rises faster than turnover
In 2007, Dutch-based courier services provider TNT saw its net income rise by over 40% on 2006, after turnover increased by around 30%. In 2006, TNT Romania's net income reached 4m euros, th...
Which employees earn more than their bosses?
Employees in sectors such as consulting, financial services, and sales can sometimes earn more than their bosses, because of performance-related pay. One of the sectors with the highest sala...
Bostina: More of a manager than a lawyer
As law firms grow, they increasingly resemble corporations, with the managing partner becoming more of a manager and less of a lawyer. "For two years, I have not been working as a lawyer muc...
Domestic real estate growth faster than in Poland
The development of the real estate sector has attracted large companies that specialise in project management services such as the Land Lease Group, listed on the Australian stock exchange,...
Government promises to reduce budgetary deficit to less than 2.5% of GDP
The Government has promised, half-heartedly, to reduce the budgetary deficit to less than 2.5% of GDP, to straighten out public spending and to avoid offering any "electoral giveaways", whil...