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Anchor to spend 60m euros on residential projects
Anchor Grup, the developer of the Plaza Romania and the Bucuresti Mall, will invest approximately 60 million euros in building two residential complexes. "The projects include construction o...
ANAT: Plane tickets to become 20-100 euros more expensive
The price of aeroplane tickets will be increased by 20 to 100 euros as a result of the cut in the commission Tarom airline pays to travel agencies as of July 1, the chairperson of the Nation...
Private pension contributions likely to hit 500m euros
Starting from January 1st, 2007, private pensions will be introduced, coinciding with the probable collection of the first contributions to optional pension funds, announced Mihai Seitan, he...
Electrica Muntenia Sud, 25m-euro profit prior to privatisation
In 2005, the Electrica Muntenia Sud power distribution company, dubbed the pearl of Electrica''s crown, posted net income worth 24.7 million euros (89.59 million RON), after ending the previ...
Government to discuss sale of shares to Petrom employees
The Ministry of Economy and Trade sent a memorandum to the Government about the 8% stake in Petrom set aside for employees. The memorandum suggested two options, the sale to employees or to...
Germanos wants to buy market rivals
GSM equipment and accessories retailer Germanos is preparing a rapid expansion on the Romanian market, as the company''s goal is to own twice as many stores by March next year. This strategy...
Antibiotice more interesting to foreign investors
Antibiotice Iasi, the only Romanian drug maker still owned by the state, is becoming more and more interesting to the foreign investors. This comes after three of the domestic players, Sicom...
Piraeus Bank in talks to buy brokerage firm
The Greek bank Piraeus Bank, one of the few banks, which are not present on the capital market, will take over the brokerage company European Securities, sources on the capital market say. O...
Retail chains avoid Moldova due to low purchasing power
Two counties of Romania have not been touched by the boom of modern trade formats, hypermarkets, supermarkets, cash and carry stores, discounters, yet: Botosani and Neamt. How long is this s...