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Romanian stock market stays true to January effect
The shares listed on the Bucharest Stock Exchange began the year in full gear with an average growth of nearly 4%. The stars of the first trading day were the SIFs, the top performers last y...
Domestic market not ready to go organic
Seventy percent of the organic food produced in Romania is exported, given that Romanians do not use such products because of the little information they have on them and due to the much hig...
VB Leasing doubles financing to 100m euros
VB Leasing, part of the Austrian Volksbanken financial group, in the first 11 months of 2005 secured contracts worth more than 100 million euros, double the figure from the same period last...
Law firms merge to create new entity
The merger between law firms Calin Zamfirescu & Asociatii and Racoti Predoiu has been completed, thus creating a new player on the market. Zamfirescu Racoti Predoiu, which comprises two of t...
EU allocates some 30bn euros to Romania
The administration in Bucharest is pleased with the compromise reached by the EU on the financial prospects for 2007-2013 and believes that the new version of the budget, that made a consens...
Travel agency owner to invest in hotels
Marshal Turism travel agency, one of the top three players on this market, announced its intention to invest 10 million euros to acquire a plot of land and construct a four-star hotel upon i...
Fiscal Code for 2006 could cause investors to change strategy
The law modifying the Fiscal Code, which came into effect on June 4th 2005, has again attracted the attention of investors on the Stock Exchange, of businessmen and consultants, after Premie...
Chinese imports drive Artfil to Russia
Sighisoara-based Artfil, a manufacturer of phosphatic porcelain products, set out to expand its presence on the Eastern-European markets, as its officials say the domestic market is flooded...
New plant to double Albalact turnover
Albalact, one of the major players on the Romanian dairy market, expects sales worth more than 30 million euros in 2007, after the opening of a new plant that it is planning to build. Moreov...