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Renault to make cheaper Logan
Renault intends to use its production platform to make an even cheaper version of the low-cost Logan model, Carlos Ghosn, the chief executive officer of the French company, was quoted as say...
Agip to spend 36m euros to double market share
Agip Romania, the domestic unit of Eni petroleum giant, the biggest petroleum corporation in Romania at the moment, is tackling the domestic market with an investment plan worth 36 million e...
Continental to invest 20 million euros in distribution centre
German group Continental AG announced it would invest 20 million euros in its tyre distribution centre based in the Sacalaz commune, Timis county, by 2010. The company's representatives said...
NBR cuts monetary policy rate from 8.75% to 8%
The National Bank has managed to take most analysts by surprise with its decision to reduce the monetary policy rate from 8.75% to 8%, although it had become obvious that NBR's wish to conso...
Fabian has 150m euros more to spend
Investment fund Fabian Romania Property, one of the most active funds on the market, plans to make investments worth 150 million euros in Romania by the summer of this year, in all real esta...
Bancpost prepares to sell pensions and bonds
The shareholders of Bancpost, the sixth largest bank on the market, have decided in favour of having the institution's business expand by including the distribution of fund units of pension...
Held Fashion plans to boost production capacity
The Held Fashion company based in Cluj-Napoca, which manufactures clothing under the outsourcing system, plans to boost its production capacity for the Frank Walder range, as a result of the...
Carpatair turnover surges to 73m euros
Carpatair, the second largest carrier on the Romanian market, has budgeted a 15% turnover increase for this year, to 85 million euros. The company closed last year with a 73 million-euro tur...
Ortoprofil seeks to make 6m euros from medical equipment
Ortoprofit Prod Romania, based in Targu-Mures, one of the leading local producers of orthopaedic medical equipment, estimates it will see an over 6 million-euro turnover in 2007, a 20% incre...