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Foreign direct investment to reach 9bn euros
Foreign direct investment in Romania could reach 9 billion euros this year, a 73% increase against 2005, given that the Romanian Agency for Foreign Investment (ARIS) forecasts FDI flows wort...
First Ikea store to be ready by December
The first Ikea store, located in the Baneasa real estate project in Bucharest, will be completed by the end of this year, according to Conarg, the company which will build the complex. "In D...
Romanians can still afford to buy on credit
Mortgage credit will be growing faster than consumer credit this year, and loans in Romania will continue to account for a larger share in the total than the foreign currency loans. There is...
Guzu Chim changes name to Fabryo Corporation
Daniel Guzu, the general manager and founder of the paint producer, Guzu Chim, announced on Tuesday that the name of the company had been changed to Fabryo Corporation, as part of the long-t...
Cramele Recas set to improve domestic visibility
The commercial manager of Cramele Recas company, one of the most important wine exporters in Romania, says he has set up a company to handle the marketing and sale of products on the domesti...
Govt. pledges to sell a stake in CEC on capital market
The government will sell on the domestic or external capital markets the remaining shares in CEC (Romanian Savings Bank) after the sale of a 69.9% stake to a strategic investor and of 5% to...
EBRD adds 5.4m euros to Transilvania capital
EBRD, the main shareholder of Banca Transilvania, will invest another 5.4 million euros in new shares to maintain its 15% interest in the Romanian institution. The bank has scheduled a capit...
Real to hire 2,000 people by yearend
Real-Hypermarket Romania, the company that operates the Real hypermarkets network on the local market, announced it would hire some 2,000 people by the end of this year, as it is due to expa...
Efes sells 49.99% in Ploiesti factory to InBev for 20.8m euros
Turkish Efes Breweries International (EBI) will sell its entire 49.99% stake in the Interbrew Efes Brewery Ploiesti factory for an estimated 20.79 million euros to InBev, EBI announced. The...