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Euro plunges to 3.2780 RON on the forex market
The euro continued to decrease against the RON yesterday reaching a low of 3.2780 RON/EUR on the forex market, after the NBR had calculated an exchange rate of 3.2841 RON. Analysts estimate...
Avicola Buzau awaits European funds to invest
Bodgan Stanca, one of the 3 shareholders in Aaylex group of firms that owns Avicola Buzau, says the group is set to invest more than 26m euros to develop chicken production, despite the 2.8m...
Employee contribution to bank profits in Q1: 3,300 euros each
Each employee in the banking system had a contribution of around 3,300 euros to the banks' overall net income in the first quarter of this year, while the assets per employee amounted to app...
LCD and plasma TV sales soar to record high
The local market of LCD and plasma TVs boomed in the first quarter of this year, when Romanians bought as many new generation TV sets as they did in the entire 2006, according to importers a...
Immoeast to spend 1.5bn euros in Romania
Immoeast, the most active investment fund in Romania, will invest 1.5 billion euros on the Romanian real estate market within the next two years. "The volume of Immoeast investments in Roman...
Allianz Tiriac: We are ready to sell pensions
"The private pension branch of Allianz Tiriac has three optional pension funds (the IIIrd pillar) prepared, two of which are in the final stages of authorisation and are almost ready for our...
ALB: Leasing of goods to top 4bn euros this year
The leasing market will be further dominated by the members of the Leasing and Non-Banking Financial Services Association (ALB) in 2007 as well, considering that the Association estimates it...
Wrigley boosts candy market share to 38%
Wrigley, Orbit chewing gum producer, saw its sales advance by 30% in the first quarter of this year against the similar period of 2006, as a result of candy and chewing gum launches. Wrigley...
Foreign direct investment to exceed 7.6bn euros
The level of foreign direct investments will stand at 7.6 - 8 billion euros this year estimates the National Forecasting Commission (CNP). According to the estimates, 2007 could see foreign...