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Trichet to Romania: No room for relaxation
"Congratulations for what you've done so far, but there is a lot more to do until Romania can converge to the euro, and there is no room for relaxation," Jean-Claude Trichet (photo), preside...
Alexandrion division to expand its car dealer network
Rochin Motors, a division of the Alexandrion group, and local importer of the Chinese car brand Great Wall intends to expand its car dealer network by the end of this year, in order for the...
Domestic cement market expected to top 600m euros
The cement market, one of the most dynamic sectors within the constructions industry, is expected to expand by around 15% this year in terms of volume, helped by a 4-5% price hike. As a resu...
100,000 consultants prepare to launch private pensions
Insurance companies involved in the private pensions system will hire 70,000 to 100,000 consultants in order to sell pension products. "We estimate 70% of our sales will be done through our...
State to sell shares in Aeroporturi Bucuresti
The state will be able to sell shares of Compania Nationala Aeroporturi Bucuresti (The Bucharest National Airports Company), set up through the merger of the Henri Coanda airport and the Aur...
Metro Cash & Carry to expand to mountain regions
The development of tourism in the mountain areas of Romania, a result of increased investments in hotels and restaurants, could prompt Metro Cash & Carry to expand its network to mountain re...
5,000 to be hired for Constanta-Trieste pipeline
The construction of the Constanta-Trieste pipeline could generate 5,000 new jobs over the period the project is carried out, of which 1,000 will be permanent ones, according to the represent...
McDonald's set to double number of restaurants
The domestic market provides all the necessary conditions for McDonald's to reach a number of 100 restaurants in Romania, from its current 52, McDonald's representatives believe. "Romania ha...
Spread between rates on loans and deposits in RON down to half
The spread between interests on loans and interests on deposits in RON has halved on the retail segment over the last three years, from an average of almost 15 percentage points in 2004 to l...