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Real estate investors from Poland move to Bucharest
Real estate funds present in Poland are preparing to enter the local market in search of higher yields, which in Romania are about 1.5% higher and are complemented by an unsaturated market....
Fiscal authority clings on to VAT revenues
From April 15 until the end of 2008, importers who bring commodities from outside the EU will again pay VAT at the customs office. The move comes three years after the old system was abolish...
Cargill Oils boosts capital to continue expansion
Cargill Oils, producer of Untdelemn de la Bunica and Olpo vegetable oil brands, has recently increased its share capital by some 20 million RON to cover market growth. "We've decided to incr...
Italo-Romena seeks to grant 120m-euro funding
Italo-Romena Leasing intends to finance goods worth 120 million euros this year and targets a net income worth 2.8 million euros. "2006 was a good year, we signed contracts worth 80 million...
BCR Asigurari aims to double gross underwritten premiums
BCR Asigurari de Viata (BCR Life Insurance), a company which is part of the financial group built around the BCR, intends to handle gross underwritten premiums worth 100.8 million RON (28.6...
Nokia investment to create 15,000 jobs
The County Employment Agency in Cluj (AJOFM) has announced it will start a recruitment campaign for Nokia next year. AJOFM officials estimate Nokia's investment in Cluj will create a boom on...
Hypermarkets expand to Eastern Bucharest
Hypermarket networks Carrefour and Real are both targeting the building of new stores in Eastern Bucharest, on Theodor Pallady Boulevard, according to officials from the Capital's Town Hall....
AIG close to 1m-euro profit, premiums down
AIG Romania general insurance company, part of AIG US group, has budgeted a volume of gross underwritten premiums of more than $30m (22.6 million euros) for this year. "This year, we plan to...
Parmalat: still soft drinks market to double by 2010
Parmalat Romania, producer of Santal soft drinks, has targeted sales of 17 million litres for this year and intends to double its previously recorded growth rate. Last year, the company post...