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2,500 Romanians bet on Romania to win Euro 2008
2,500 Romanians have bet that Romania will win this summer's European football championship. Before the start of the championship, out of the over 10,000 bets placed with Astra Sport Bets bo...
Jolidon to forge powerful group on international market
The series of acquisitions is set to propel Jolidon towards becoming one of the leaders of the European lingerie market. In early 2007, Jolidon, one of the few Romanian companies that have m...
Porsche to focus on services
Brent Valmar, general manager of Porsche Romania, the biggest importer on the car market, says the dealership network will rise to over 100 locations, from 90 at present. This year, Porsche...
Petrom doubles investment to 6.7 billion euros
Petrom will significantly increase the value of its 3 billion euro investment programme, initially announced in 2005, to fulfil its strategic goals by 2010, taking it to 6.7 billion euros. T...
Linklaters to close Bucharest office, but continue activities
British law firm Linklaters, number two on the global law market, will close its Bucharest office on November 1, along with those in Budapest, Bratislava and Prague, but aims to build a new...
Ram Global to invest 250m euros in real estate
Real estate developer Ram Global Group, controlled by Israeli businessmen, will invest about 250 million euros primarily on the residential segment in the next three years, as well as in sho...
Rulmenti Barlad wants to establish subsidiary in India
Rulmenti Barlad wants to establish a company that makes and sells ball bearings in India, and also increase the capital of its Turkish branch, as proposed by the Board of Directors to the sh...
Wood&Co rates Erste's exposure to structured products as manageable
Erste Bank's exposure to structured products, which amounts to 3 billion euros, has driven many investors away and caused the bank's shares to fall by 20% over the past year, yet the risk as...
Ten years not enough to match Western productivity
Cezar Coraci, chairman of the General Union of Romania's Industrialists UGIR 1903, says the lack of a skilled workforce, the high indirect costs of business and the instability of the fiscal...