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Number of buyers on BSE close to record high
The monthly number of Romanian buyers on the Bucharest Stock Exchange increased by almost 2,300 last month against May, to 11,600 buyers, almost reaching the 12,500 record high, hit in the f...
French investments to go up after EU accession
Herve Bolot, the French ambassador in Bucharest, says the sectors of the Romanian economy that will be extremely competitive on the European market after Romania's accession to the EU are th...
Jaguar and Land Rover importer expects to sell 500 cars
Premium Auto, the general importer of the Jaguar and Land Rover brands expects to sell nearly 500 cars this year, up about 20% from last year, the company's marketing and communication manag...
City Grill to expand outside Bucharest through franchises only
The chain of City Grill restaurants and City Cafe coffee shops is going to expand this year outside the capital city in a franchise system, which is easier to manage than direct investments,...
AIG Life to invest 10 million euros in private pensions
AIG Life, the second-largest insurance company in Romania, estimates it will invest about 10 million euros to establish a company that manages private pension funds. "We are directly interes...
Hungary's MKB preparing to buy Romexterra Bank
The representatives of Hungarian bank MKB are preparing to sign the acquisition contract for Romanian-based Romexterra Bank. The deal will be sealed in Budapest in the next few days and will...
Silvarom to maintain position on current markets
Ioan Marginean, financial manager with Bucharest-based Silvarom furniture manufacturer, one of the main players in the industry, says no investments will be made this year in order to boost...
Economy Ministry plans to float several utility companies
A number of stakes in state-owned utility companies, which include Transgaz, the four privatised branches of Electrica, Nuclearelectrica, and the two Distrigaz will be put up for sale throug...
NBR's foreign currency reserve drops to 18,177bn euros
Foreign currency reserves of the National Bank of Romania continued to drop in June following payments made on the foreign debt, reaching 18.177 billion euros. This figure is 35.7% lower in...