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800m euros to be invested in RomTelecom and Cosmorom
Telecoms operator RomTelecom has freed itself of the cash troubles it was facing over the last few years, the most recent of which being related to the Cosmorom situation. On the back of imp...
Clujana to return with own brands
The footwear manufacturer Clujana has announced the start of investments worth over one million euros in upgrading its production facilities. The work is scheduled for completion by June 200...
Montresor to export wine to EU
Italian winemaker Montresor, which entered the Romanian market by acquiring 1,000 hectares of land in Dobrogea, is planning to make wine in Romania for export to the European Union. "Romania...
Allianz-Tiriac grows 30% in Q1 to 57.4 million euros
The value of gross premiums underwritten by Allianz-Tiriac Asigurari during the first three months of the year grew by over 30% to 57.4 million euros, compared with the same period last year...
Connex customers to enjoy same benefits as Vodafone''s
Vodafone is committed to building on Connex''s investment and to offering Romanians global services and scale benefits, said Paul Donovan, Vodafone''s CEO for the OVS (Other Vodafone Subsidi...
Fiscal Code chaos brought to an end by fourth emergency ordinance
The law modifying the Fiscal Code was published in the Official Gazette last night after President Traian Basescu faxed his signature of the decree implementing the draft law from Tokyo. As...
"After Sunday''s vote, I feel ashamed to be French"
On Sunday, the majority of French voters voted "no" in the referendum on the EU constitution. However, to many it was not clear what it was they were actually voting against: the constitutio...
Prices of old apartments expected to fall by end of the year
The prices of old apartments in Bucharest could go down towards the end of the year, as this segment of the real estate market has reached an impasse in terms of high prices. a??Prices for o...
ACE Automotive relocates to Romania
The Spanish manufacturer of electronic automotive components, ACE Automotive Group, has announced plans to relocate its five factories from Spain to Romania by 2011. The company''s managemen...