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Tuborg to boost market share from 9% to 15%
United Romanian Breweries Bereprod (URBB), the producer of Tuborg and Carlsberg beer, plans to increase its market share by 6% this year, to 15%, after it conducts investments to increase it...
TotalSoft aims to quadruple business by 2013
TotalSoft, a local software and services provider, plans to reach turnover worth 100 million dollars (67.3 million euros) within the next 5 years, after the company expands its regional pres...
Private pension funds to collect monthly contributions worth 20m euros
Mandatory pension funds could receive total contributions worth 20 million euros (72 million RON) every month when collection starts in May, Mariana Campeanu, chairperson of the National Pen...
Mobexpert continues exports to be able to monitor Western trends
Mobexpert group, owned by businessman Dan Sucu, is set to invest 8m euros this year when it adds 4 new large stores to its national network, after last year it opened just one store in Sofia...
Government promises to reduce budgetary deficit to less than 2.5% of GDP
The Government has promised, half-heartedly, to reduce the budgetary deficit to less than 2.5% of GDP, to straighten out public spending and to avoid offering any "electoral giveaways", whil...
Foreign currency reserve climbs to 25.5bn euros
The NBR announced a fresh increase in its foreign currency reserves, by 245 million euros in January, after an extremely turbulent month for the RON. The reserves climbed to a record 25.5 bi...
Electronic Arts starts to make video games in Bucharest
The largest producer of videogames worldwide, Electronic Arts (EA), is set to produce video games for computers, PS3 (Sony) and xBox360 consoles (Microsoft) in Romania, and has already rente...
Carrefour: Romania is growing too fast to fall prey to international crisis
"International crisis is a phrase used far too often; we have to concentrate on what we can do to develop the local economy. Romania is still a market with a high growth rate, in an unfavour...
Piata Presei Libere to become Bucharest's second hotel pole
Parc Hotel group, controlled by businessman Gabriel Popoviciu, will consolidate its presence in the area of Piata Presei Libere after it opens Ramada Plaza hotel and brings neighbouring hote...