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EU to request Government to raise taxes and cut spending
Next week, the Finance Ministers in the European Union will request that Romania should consider increasing some taxes to boost the revenues of the state budget, in order to encourage invest...
Romaero to make Airbus A 380 parts
Romaero will be making subassemblies and primary parts for the biggest passenger aircraft in the world, the Airbus A 380, under a ten-year contract, for which it estimates over 5 million dol...
Car market boom drives Porsche Romania''s profit to 48 million euros
Porsche Romania, the biggest automobile importer on the domestic market, last year made more than 48 million euros in profit, an increase of 65% on the previous year, after having doubled th...
Kraft and Philip Morris take Top Brand''s revenues to 131m euros
Top Brands Distribution, which distributes Philip Morris and Kraft products, plans to enlarge its portfolio of consumer goods suppliers, as well as to expand on the logistics segment. Top Br...
Fildas turnover up to 145m euros
Fildas group, owned by businesswoman Anca Vlad, in 2005 derived cumulated turnover worth 145 million euros, up 30% year-on-year. "2005 was a very difficult year, with many legal changes, mar...
Gazprom warns EU to let it grow
Gazprom, one of the main suppliers of natural gas to Europe, has warned that blocking its plans to expand across the region will "not produce good results". The Russian company has recently...
Work for the Bucharest-Brasov motorway to start soon
Work for five new road infrastructure projects, among which is the Bucharest-Brasov motorway, is due to start in two months'' time, with the licences for attribution of work contracts to be...
Martin: In Bucharest, hotels need to be filled over weekends
Peter Craig Martin, a 41-year old Brit, has taken over the management of Howard Johnson Grand Plaza five-star hotel in Bucharest for two years, after having worked in the Asian hotel industr...
Foreign money takes traded volume on forex market to record high in March
Foreigners'' money boosted the volume of transactions on the interbank forex market to a record 14.3 billion euros in March, an increase of more than 6 billion euros compared with the monthl...