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Energobit gets closer to 45 million-euro turnover
Cluj-based Energobit Group that operates in the field of electrical equipment manufacturing announces an about 45 million-euro turnover for this year, an increase of 12% on 2005. The group c...
TNT turnover to surge 30%
Bogdan Enache, TNT''s country manager, says the simplification of customs procedures has had a positive impact on international courier services, despite the company''s lower-than-expected g...
Tondach to expand production facilities
Tondach Romania, a part of the Austrian building materials producer Tondach, will invest at least 1.5 million euros this year in expanding the production capacity of its Sibiu-based plant. F...
Portuguese continue to invest in car parts
The Portuguese car parts manufacturer Coindu will complete the second stage of an investment worth some 25 million euros carried out in the Curtici Arad Free Zone (ZLCA) by the end of this y...
Phoenicia bets on smaller prices to be competitive
Dinel Saizu, the general manager of the Phoenicia four-star hotel, is banking on smaller prices and the development of an entire chain in the battle with international hotel chains. "Everybo...
Isarescu: NBR will use every instrument to curb inflation
The National Bank of Romania (NBR) has decided to maintain the monetary policy rate at 8.5% and continue to engage in purging substantial amounts of excess cash through operations on the mar...
BMW importer moves to new headquarters
Automobile Bavaria will relocate its headquarters to Baneasa this summer, once the construction of a centre located on a 12,000sqm plot of land is finished. The project entails over seven mi...
Macromex to set up HoReCa unit
Dan Minulescu, general manager and founder of Macromex, leader of the Romanian frozen vegetables distribution market, is counting on the HoReCa (hotels, restaurants, catering) growth potenti...
Golden Tulip to build hotel in Prahova Valley
The first Golden Tulip-branded hotel will be opened this August outside Bucharest, said Paul Marasoiu, a representative of the Dutch company in Romania. He says the unit will be opened in Pr...