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Ghetea: High income clients will be able to borrow more
The elimination of restrictions imposed by the NBR for lending to individuals will allow clients with high incomes to obtain larger real estate loans, while clients with lower incomes will b...
Nokia to spend 200m euros on Cluj-based plant
Nokia intends to invest 200 million euros in a mobile telephone factory and a research centre in Cluj. The final discussion between representatives of the County Council and those of the Fin...
Arctic banks on exports to boost turnover
Arctic Gaesti, the largest domestic home appliance manufacturer, derived turnover worth 194 million euros last year, up 30% compared with 2005. The 60% rise in exports, to 741,000 units, was...
Ursus Breweries to launch alcohol-free beer
Ursus Breweries, which holds the Ursus and Timisoreana brands, is considering expanding the brand into the sector of alcohol-free beer to strengthen its product portfolio, says Dieter Schulz...
Elimination of down payment for credits to drive flat prices up
The elimination of the 25% down payment for mortgage credits will prompt a new increase in the price of flats, according to representatives of the real estate market. In anticipation of a ne...
Mondex has 2.1m euros to double its network
Sibiu-based Mondex, a socks and stockings producer, has budgeted investments worth some 2.6 billion euros this year to expand its sales network and its production capacities. The Mondex mana...
E-tickets to cut airline costs by 25m euros
Romanian regular airlines will cut down their costs by over 25 million euros this year if they switch from paper to electronic tickets, considering the estimated traffic flow of 3.8 million...
Extraction takes Petrom's profit to 647 million euros
Petrom, the biggest Romanian company, controlled by Austrian petroleum group OMV, made 2.28 billion RON (647 million euros) net profit last year, 61% higher than in 2005. The company continu...
Aviva: private pensions market to attract 600,000 people
Life insurance company Aviva intends to be one of the top two players on the market of private pension funds, estimating that 600,000 people will apply for an optional private pension in the...