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Peter Weiss to take over at ABN Amro
Peter Weiss, 46, is to take over as head of ABN Amro Romania next month. He will replace Henk Mulder as chairman of the board and chief executive. Weiss has worked for five years as ABN Amro...
Consumption drives Q1 growth to 5.9%
The Romanian economy grew by 5.9% in the first quarter of the year compared with the same period last year. This growth was mainly the result of performance in the services sector and in ind...
Major law firms follow investors to Romania
Wolf Theiss, one of the leading law firms in Austria, is to enter the Romanian legal market at the beginning of July by opening an office in Bucharest, according to the website of the Britis...
Steep fall in prices to double sales of plasma TVs
Three or four years ago sales were in double figures. This year, however, sales of plasma and liquid crystal display (LCD) televisions are set to double at least, market players say, to reac...
Banca Romaneasca brand to leave market
A year and a half after its takeover of Banca Romaneasca, National Bank of Greece (NBG) is preparing to establish its brand on the market and will drop the name and image of the bank it acqu...
Cotonella turns to retail
Through hypermarkets and by using its own distribution network, the Buzau-based company, Madirom, which makes Italian Cotonella underwear under contract, will see its turnover increase by 37...
Upet to gain 10m euros from out-of-town relocation
Oil equipment producer Upet Tårgoviste is to relocate from the centre of Tårgoviste to outside the city. It hopes to derive 10 million euros from the sale of its land in the city centre, the...
Petrom to have budget for foreign acquisitions
Petrom, the largest oil company in Romania, is to have a budget for acquisitions on foreign markets, including Serbia and Bulgaria, Wolfgang Ruttenstorfer, chairman of Austrian group OMV, th...
EU MEMBERSHIP: "NON" to 2007, "NEE" to 2008, "DA" to 2012?
Immediately before the recent "no" votes in France and now, more definitively, in Holland, I drove to Turkey to watch Liverpool win the Champions League, immediately followed by a weekend in...