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High interests persuade clients to save money
Individual clients put more money in banks this December, stimulated by the interest rates on offer, which exceeded inflation. Deposits in RON made by individuals climbed by 6.4% in December...
Microsoft plans to continue investment in Romania
Bill Gates (photo), co-founder of U.S.-based company Microsoft, plans to continue investments in Romania. Yesterday, after the official opening of the Global Support Centre in Bucharest, he...
Presidential suite: from several hundred to almost 2,000 euros
One night of accommodation in one of Bucharest's luxury hotels has tourists pay 115 euros to 1,800 euros. Thus, the rate for a presidential suite can be 15 times higher than that of a standa...
O.ME.PS transfers part of production to Romania
The management of O.ME.PS. Romania, the local branch of the Italian silo trailers producer, intends to produce its first silo trailers in the Romanian city of Cluj by the end of this year. T...
Economic growth estimates point to 6% in 2007
National Bank Vice-Governor Eugen Dijmarescu (photo) has reached the same conclusion as analysts, and estimates Romania's economy will grow by 6% this year, compared with the approximate gro...
UniCredit seeks to boost share of mortgage loan market
UniCredit Romania has recently raised interests of new euro-denominated loans by one percentage point, as a reaction to rising rates on international markets. The bank now levies interest ra...
Gold fetches big returns to investors, though not in Romania
The price of gold has fluctuated significantly over the last two years, thus leaving enough room for big speculations for players who keep their eyes on trends. In the autumn of 2005, the qu...
Gorenje plans to expand coverage
The launch of new product lines and the expansion of the nationwide coverage by the addition of a new distribution partner will form the basis of Gorenje's growth on the domestic market, acc...
Trading activities bring 3.7bn dollars to Rompetrol
The Rompetrol group, owned by businessman Dinu Patriciu, expects trading activities will account for some 3.7 billion dollars (3 billion euros) of the 7.5 billion dollars (6 billion euros) p...