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Tnuva to team up with Bank of Europe
Bank of Europe will become a partner, with 35% in the $50m investment that Israeli dairy company Tnuva will make on the Romanian market, Arik Raichman, Tnuva general executive manager, was q...
Alro shareholders to meet next month
Shareholders of aluminium plant Alro Slatina, one of Romaniaa??s biggest companies, will convene to discuss filing charges against the former chairman of the company, Alexander Krasner. The...
Piraeus Bank to triple network
Piraeus Bank Romania plans to open 50 branches by the end of next year. At present, the bank operates a network of 18 units and is to open another two over the following period. a??We want t...
Rates for ROL loans down to less than 10%
Volksbank yesterday slashed interests for ROL-denominated loans to 9.5% per year, down 5.5 percentage points. The new level is applied to both real estate loans and consumer loans, with vari...
Renault investments to reach 2bn euros
Renaults'' investments in Dacia will increase a great deal over the next few years, vice-premier George Copos says. "Renault''s investments in Pitesti will reach 2bn euros by 2008, as they c...
Malls likely to expand to the province
Anchor Grup, the developer of the two mall-type commercial complexes on the Romanian market, Bucuresti Mall and Plaza Romania, is to expand its portfolio outside Bucharest, too. "We are in t...
Flow of RON contained to fend off eager customers
As of the afternoon of July 1, when all the cash dispenser networks are to be brought back online, the screens of all ATMs will only display amounts in new ROL (RON). Only that few will be t...
Government preparing to announce increase in standard VAT quota
The unavoidable is about to happen: as of January 1, 2006, the standard VAT quota will be upped from 19% to 22%, while the low VAT will increase from 9% to 11%, Finance Ministry sources told...
Dedeman gets closer to Bucharest
Bacau-based Dedeman, a company that sells construction supplies, inaugurated a shopping centre in Vaslui at the end of last week, with another store in Braila scheduled to be opened by the e...