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Eurial: real estate, more profitable than car sales
Businessman Gheorghe Dolofan, who controls the main dealer and importer of the Peugeot brand (a cumulated business worth 350 million euros), says the land he owns in the centre of Bucharest,...
Budget collects 2bn euros less than expected
Budget revenues stood at 121.5 billion RON (36.4 billion euros) for 2007, 6.9 billion RON (2.07 billion euros) below the revised collection plan, according to data published on Tuesday by th...
Auto market in 2007: three times higher growth than expected
Sales of vehicles in 2007 accelerated 23% and reached a total volume of 366,819 units, according to the statistics of the Association of Automotive Manufacturers and Importers in Romania (AP...
Romanian architects, more expensive than Czech ones
Major local architecture firms say Romanian architects are becoming increasingly more expensive, surpassing the rates of those in neighbouring states, such as the Czech Republic. The explana...
Danila owns more Erste shares than Treichl, the bank's ceo
Nicolae Danila, the former chief executive of Banca Comerciala Romana owns more Erste shares than Andreas Treichl, CEO of the majority shareholder of the biggest Romanian bank. "Indeed, I am...
BRD's chief: I see more doubts than certainties
The year 2008 will be dominated by uncertainties, with foreign markets being a major source of concern, which could generate shocks on an already vulnerable domestic market, leading to a gre...
December 2007, 20% better than December 2006 for retailers
Manufacturers of consumer goods and electrical home appliances and retailers state this yearend's sales, the best indicator for the annual budget, are around 20% higher than last year. The i...
Banks account for less than 10% of mandatory pensions
The 7 banks which have had a direct involvement in the management of mandatory private pensions (pillar II) together have a less than 10% market share, after the first 3 months of selling su...
BCR restructuring more complex than that of other Erste acquisitions
The big challenge of the retail restructuring at BCR is conducting a number of processes in parallel, to make up for the delay in Erste Bank's takeover of BCR, says Martin Skopek, executive...