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RoBank changes name to OTP Bank Romania
RoBank, the local branch of Hungarian OTP Group, now appears as OTP Bank Romania SA on its parent bank''s website. There was no announcement in Bucharest as to the change of name of the bank...
HAT seeks to double Samsung market
The official distributor of Samsung mobile phones, Hat Romania, will make approximately 40 million euro turnover this year, double last year''s figures, said Alin Carstea, the company''s vic...
MedLife expects hospital to generate 8m-euro revenues
Private medical service company MedLife has begun an investment in its first private hospital, Memorial Hospital, a project that will generate annual revenues worth about 8 million euros, th...
Autoliv to build third $13m plant in Brasov
Swedish company Autoliv will add a $13m plant manufacturing airbag gas generators to its investments in Brasov, according to information released by the company. The new plant, which will st...
NBR tries again to raise price of foreign currency lending
In an attempt to nudge the market towards lending in RON, the National Bank is trying again to raise the price of the foreign currency lending, after the previous measure taken in February f...
Grand Plaza Hotel to invest 20m euros in new hotels
The owner of the Howard Johnson Grand Plaza, Grand Plaza Hotel, is to invest 20m euros over the next two years in three new hotels (one in Bucharest and two outside the capital), says Tinu S...
Zapp spends extra $60m to boost coverage
Telemobil, the operator of the Zapp mobile communications network, has begun the fourth phase of its network expansion and upgrading programme with the investment of 60 million dollars (50.4...
Business community appeals to government
In the first few months of the year we rejoiced at the flat tax, while there was a feeling that our politicians would keep their electoral promises and not hesitate when it came to doing the...
ACE to move entire production from Spain to Dej
Spanish group ACE, a producer of electrical parts for the car industry, has announced it will start building a new plant in Romania over the next two weeks. ACE Automotive Grup recently anno...