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Bucharest has higher rents than Warsaw
An expat pays around 4,200 dollars a month (3,000 euros) for an apartment in Bucharest, the same cost as Prague, but a few hundred dollars more than in Warsaw, shows a study conducted by hum...
10 times fewer apartments built now than in Communist times
Almost three million apartments were built in Romania from 1951 to 1989, which accounts for the bulk of the total housing. "The apartment production line" set in motion by the communist regi...
Top 3 counties sell three times fewer cars than Bucharest
The top three counties in terms of the number of cars registered (Constanta, Arges and Brasov) sold 35,477 cars in the first ten months of the year, i.e. a third of the 88,188 cars sold duri...
Romanian managers are better paid than Hungarians
The net monthly income of a Romanian middle manager working for a major multinational or in an expanding field (retail, banking, IT, financial services) exceeds, on average, 2,800 euros, whi...
Garanti Bank plans to more than double assets
Garanti Bank, the domestic arm of Turkey's third largest bank, is attempting to pursue aggressive growth on the retail segment and become a "top" player, after maintaining a small presence f...
Erste: A&D Pharma's EBITDA margin could be lower than targeted
The EBITDA margin registered by the Romanian pharmaceutical company A&D Pharma could stand at 8.1% this year, against an initial target of 8.6%, according to Erste Bank analysts. "Given the...
More than half of Romanians have chosen their private pension
More than 1.8 million Romanians have chosen their mandatory private pension (pillar II) reveals data gathered by ZIARUL FINANCIAR from the 18 management companies on the market yesterday. Fr...
Eurolines turnover lower than estimates
Eurolines, the second largest player on the market of international passenger transport, saw business worth 22 million euros in the first nine months of the year, up 16% against last year, b...
VW: Expansion more profitable than greenfield investments
Matei Albulescu, brand manager of Volkswagen, believes a higher sales growth rate can be ensured in the medium term through the expansion of established dealers, rather than through greenfie...