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Howard Johnson to open on February 9
Howard Johnson Grand Plaza, the former hotel Dorobanti from Bucharest, will open on February 9, as the $30m modernisation works have been completed, said Antoni Kuhnen, the hotel's general m...
Finance Ministry and National Bank decide to slash four zeroes from ROL's tail
Four zeroes will be slashed from the ROL's tail next spring. Consequently, the current 10,000 ROL bill will metamorphose into a 1 ROL coin, which can only be found in the safes of commercial...
BRD market value soars to more than $1bn on Bucharest Stock Exchange
The market value of BRD (Romanian Development Bank) - Groupe Société Générale, Romania's second-largest bank in terms of banking assets, yesterday exceeded the one billion-dollar landmark on...
Interbrands soars to $450 million
Interbrands, Romania's largest distribution company, last year posted record-high sales. "2003 was a year of strong development, focused on organic growth and improvements of Interbrands' pe...
Thermopane glass market climbs to 480m euros
The sales of thermo-insulating glass saw the highest growth rate of the last few years, about 20%, in 2003, amounting to approximately 480 million euros, preliminary estimates show. Consumer...
Selgros to open two more stores
Selgros, the cash & carry unit of the German trading group Rewe, will open another two stores in Romania this year, under investments estimated to amount to 30 million euros. "The first stor...
Maschio Gaspardo sells to Italian farmers in Romania
Farming equipment maker Maschio Gaspardo Romania sold 2 million euros' worth in the first nine months last year, and began operating directly on this market last April. "We estimate our sale...
Unions moving to blackmail: votes vs. investments
Worried that the Government might modify certain provisions in the Labour Code as requested by foreign investors, provisions currently allowing for a great union influence in labour-related...
Electrolux to invest another 4.5m euros
Swedish group Electrolux will invest 4.5m euros in its cooker plant based in Satu Mare, Romania. According to Electrolux Romania officials, the Swedish group's investments total 14.3m euros,...