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Romanian oil market to reach 20bn euros by 2010
The Romanian oil market will grow faster than the overall economy by 2010, set to go beyond 19 billion euros and account for around 14% of GDP. Petrom and Rompetrol, which have already made...
Enel set to invest 380 million euros in four years
Enel, the Italian utility giant, which won the bid for the privatisation of Electrica Muntenia Sud (EMS), announced investments worth 380 million euros in the next four years in the three el...
What will happen to the real estate market after accession?
What should we expect to happen on the Romanian real estate market by comparison with the experience of Hungary given the upcoming accession of our country to the EU? Nothing spectacular. A...
Construction sector takes economy to a record 6.9% pace in Q1
The economy has grown by 6.9% in the first quarter of this year, witnessing the fastest pace in the last seven years. This increase was fuelled by consumption (up 10%) and strong business in...
Business software and IT services market to top 200m euros
The value of local software and IT consultancy services for companies will reach 200-300 million euros in two or three years, against the approximately 100 million euros last year, according...
Borsec producer expects coffee sales to double
The producer of Borsec mineral water and of Giusto soft drinks estimates that the Metropolitan Caffe brand will generate sales worth four million euros this year, twice as much as last year....
Staer to rely on franchising and expansion abroad
Stefan Nicolae, general manager of the Galati-based Staer furniture producer, says the aggressive expansion of the company''s store network and the opening of its first store in Bulgaria wil...
Romtrans to launch domestic express courier services
Romtrans, one of the main players on the market of delivery, logistics and domestic and international freight shipping will launch domestic express courier services this summer to reduce the...
Orange set to invest 22m euros in 3G services
Mobile telephony operator Orange Romania on Tuesday launched 3G telecommunication services in Bucharest and Timisoara. In July the firm plans to expand coverage to Brasov and Cluj-Napoca, as...