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Electrolux sees 80% growth, to 105m euros
Swedish home appliances maker Electrolux sold 105 million euros' worth on the Romanian market last year, up 80% from the year before. The growth was based, as explained by Electrolux Romania...
EBRD to fund post-privatisation
The European Bank for Reconstruction and Development (EBRD) is willing to finance those investors that took over companies from the Privatisation Authority (APAPS) and have encountered diffi...
Some Romanians can afford to turn down $20,000 monthly salaries
It has long been known that Romanians are not happy with their wages. Consequently, it is certainly surprising that some Romanian managers are refusing net monthly salaries that can go up to...
State owes $72m to taxpayers
The 2002 global income tax "affair" has ended in the obligation of the Finance Ministry to repay individual taxpayers 2,350bn ROL, that is no less than $72 million. Out of this considerable...
Romanians rushing to invest in National Lottery games
Romanians have spent 49 million dollars to buy tickets for the lottery since the beginning of the year. The figures, released by the National Lottery, are huge, considering that only 24 mill...
Best Computers aims to double revenues
Best Computers, a retailer of IT equipment and software, is changing strategy. It wants to move from an intensive to an extensive growth and double the turnover in the process. Best Computer...
Citigroup to advise Romtelecom
US bank Citigroup has been selected to advise RomTelecom on its options for Cosmorom, the company's mobile telephony division, said Dan Pazara, RomTelecom's communications director. "The Rom...
Nestle goes straight to retailers
Nestle Romania, the local branch of the Swiss food and beverage company has had a change of distribution strategy on the Romanian market, Paul Nuber, Nestle Romania's general manager said. T...
Unita to be absorbed by Agras
Unita insurance company held by the leading Austrian insurer WienerStaedtische, became the hottest topic of conversation on the insurance market at the end of last week. On the one hand, the...