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Mazda moves to Romcar, manager sacked
Romcar, Ford general representative in Romania, member of the auto division of the tiriac Group has also become the importer of another Ford-controlled brand, the Japanese Mazda, this year.T...
BCR and BRD about to storm Romanian mutual funds market
Banking deposits rates keep dropping, pushing many investors to look for more profitable investment options. Since the revenues derived from interest rates and insurance will be encompassed...
Exchange rate back to 33,338 ROL/USD
Yesterday's appreciation of the euro against the dollar on the international markets and the banks' need for ROL in order to deposit their minimal mandatory reserves, in addition to the lack...
Omega-Tehnoton turnover soars to $40m
Iasi-based group Omega-Tehnoton aims to double turnover to $40 million this year, as one of the group's companies has become a certified Army and Interior Ministry supplier. "The group poste...
Ibiza expands to Baneasa
Spanish company Ibiza Construct will invest $2.5 million in a new residential complex located in the Baneasa-Iancu Nicolae area, close to another project of the same company. Ibiza Construct...
Inter hops from Stock Exchange to RASDAQ
Compania Hoteliera (Hotel Company) Intercontinental (CHI), owner of the Lido and Intercontinental hotels in Bucharest and of the Rex Hotel in Mamaia, is planning to pull its shares from the...
RomTelecom deal to be signed on Friday
The negotiations between Romanian authorities and officials of the Greek group OTE over the RomTelecom privatisation have been completed; the two parties are prepared to sign the contract on...
Mazrom to pocket 10m euros
Mazrom Motors, Mazda general representative in Romania, hopes to sell 400 cars this year, up 45% since 2002. "Our turnover will thus grow to 10 million euros," said Viorel Niculescu, general...
Electrica has some $170m to recover
Electrica has more than 5,700bn ROL (some $170 million) to recover from the top ten industrial consumers, Ioan Damian, head of the company's Supplying Department said. Siderurgica Hunedoara...