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Scania to spend 5m euros on service facilities
Scania Romania, the general importer of the Swedish brand, in collaboration with two independent dealers, will invest about five million euros in building four vehicle service facilities in...
Kronospan increases credit lines to 16m euros
According to an announcement published by the company in the Official Gazette, shareholders of Austrian group Kronospan have increased the credit facilities taken out by the Sebes-based plan...
Agricola Bacau invests 12m euros to upgrade production facilities
The Agricola Bacau group of firms, one of the biggest local poultry producers, will invest 12 million euros in modernising production facilities this year. "Out of the total value of investm...
Mobexpert to add another 19 hypermarkets in the next four years
The Mobexpert group, the leader of the furniture market in Romania, plans to be operating 24 hypermarkets in the region by 2011, four of which abroad and 20 in Romania. Currently, the Mobexp...
Private pension system to become more appealing
The deductibility cap for contributions to optional pension funds should be doubled and the 2% contribution from the gross salary to compulsory private pension funds should be raised conside...
Ticketing may boost Eurolines turnover to 30m euros
The Eurolines group, which comprises approximately 16 companies with different activities - ranging from international passenger transportation to air ticketing and sales of travel packages,...
Foreign Minister to submit his resignation
Romanian Foreign Affairs Minister, Mihai Razvan Ungureanu (photo) has announced he will submit his resignation to Prime Minister Calin Popescu-Tariceanu and will explain to the National Libe...
City Grill invests 4m euros to expand
The restaurant and coffee shop chain City Grill this year has budgeted investments worth 3 million euros in real estate and 1 million euros in developing and furnishing three new restaurants...
Cosmote will continue to communicate aggressively in 2007
The third largest player on the Romanian telecom market will continue to communicate aggressively this year, as well, but it will also start to build the emotional side of the brand. On an e...