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Domestic milk plants process 5 times less than EU average
The domestic dairy market continues to be dominated by self-consumption, with only 50 litres of the 260 litres that each inhabitant drinks on average being produced in an industrialised syst...
Temsa boasts higher sales in Romania than Hungary and Greece
Temsa, Turkish-based manufacturer of coaches and buses, part of Sabanci group, estimates to sell around 200 units on the Romanian market this year, which would account for around 10% of the...
Avon Romania set to increase faster than the market
Avon Romania, the largest company operating direct sales for cosmetics on the domestic market, intends to persuade all of its 100,000 sales representatives to use the Internet when placing o...
Actavis focuses on exports rather than high profit margins
Icelandic giant Actavis, which purchased the Romanian pharmaceuticals manufacturer Sindan Bucuresti for 147.5 million euros last year, is registering a profit margin on the Romanian market c...
Petrol stations on the A2 highway no sooner than 2008
Petrom, Lukoil, Rompetrol, MOL Romania and OMV Romania could open their first petrol stations on Autostrada Soarelui (Sun Highway) as late as 2008, almost four years after the opening of the...
Isarescu: Romanians get loans three times smaller than Hungarians
Romanians have much smaller loans taken out compared with customers of banks in neighbouring countries. At the end of last year, each Romanian had, on average, contracted loans worth 500 eur...
Citibank projects more than double growth for 2007
Citibank Romania will soon be operating the biggest distribution network of all the American group's regional subsidiaries (Poland not included), with the Romanian branch set to comprise 93...
Bucharest wages: at least 50% higher than in the provinces
On average, wages in Bucharest are at least 50% higher than in other cities in Romania, and when it comes to management positions the gaps are even greater, explains Camelia Stanculescu, gen...
Agricultural University could become richer than Oxford
A partnership with the Baneasa real estate project in the northern area of Bucharest will bring the University of Agricultural Sciences and Veterinary Medicine (USAMVB) a fortune worth 1.5-2...