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Intracom to relocate entire production to Romania
Greek Intracom company, one the leading manufacturers of telecommunications equipment in the Balkans, will entirely relocate its production operations to its subsidiary in Romania, Intrarom....
Vinia Iasi to take out 7.5m euros in credits
According to the company''s spending and revenue budget, winemaker Vinia Iasi will take out credits worth 7.5 million euros (27 million RON) this year to be used for production, to support e...
EBRD and GED to sell stakes in Continental hotel chain on BSE
The European Bank for Reconstruction and Development (EBRD) and two financial vehicles of the Spanish GED Capital Development have started procedures to sell their stakes in the Continental...
Microsoft to invest 13m euros in Bucharest
Microsoft intends to invest 13.1 million euros over a four-year period to set up a technical support centre in Bucharest, a project for which it has requested a number of incentives from the...
Daimler Chrysler teams up with Tiriac to sell Mercedes cars
German-American group Daimler Chrysler will become directly involved in the business to sell Mercedes cars on the Romanian market in 2007. It will do so by forming a joint venture with Autor...
NBR sees no reason to change monetary policy rate
The National Bank will maintain the restrictive monetary conditions even when disinflation really happens, NBR Governor Mugur Isarescu yesterday stated during the presentation of the first q...
Accor to conclude recruitment for Novotel
Accor Hotels Romania is hiring 190 people for the four-star Novotel hotel located on Calea Victoriei, set to open this summer, says Frederik Deman, marketing manager with the company. Freder...
CAS to drop again in 2007
"Social security contributions will continue to drop as of January 1, 2007 by two percentage points, to a total 45.5% after an identical cut operated in 2005, Finance Minister Sebastian Vlad...
Emporiki to expand on local market
Emporiki Bank has ambitious development plans, intending to open branches in all county capitals, says Theodor Stanescu, deputy general manager of the bank. The bank is owned by the Greek fi...