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Holcim's Campulung plant to become Bucharest's largest supplier
Holcim Romania, which last year generated turnover worth 290 million euros, up 28% on 2006, will finalise an investment worth 185m euros in order to increase the production capacity of its C...
Asitrans to expand through franchise system
Asitrans, taken over last year by the Bulgarian group Eurohold, intends to expand through a franchise system and plans to open 50 new territorial offices this year. "We don't levy a franchis...
Nokia's subcontractors attracted to Romania
EU membership and low labour costs are turning Romania into an attractive destination for Finnish companies that want to relocate their businesses. One recent example is subcontractor Hansap...
Lukoil lends 150m euros to Petrotel refinery
Petrotel-Ploiesti refinery, controlled by Russian petroleum group Lukoil, intends to contract a 150 million-euro loan from its majority shareholder Lukoil Europe Holdings, registered in Holl...
RCI expects Transelectrica to triple profit
Analysts of brokerage company Raiffeisen Capital & Investment (RCI) have reduced their target price for Transelectrica shares (TEL), by 10%, to 40.1 RON, given the reduced growth rates forec...
Pipera will not have easy access to water because of erratic development
The 120 million-euro turnover of Veolia Apa Nova, the company which is managing Bucharest's water and sewer services, will remain constant within the next five years, according to the compan...
Ursus expects market growth rate to slow down
Stefan Maria Weber, the new chairman of Ursus Breweries, the producer of Ursus and Timisoreana beer brands, says he is impressed with the domestic beer market's growth rate over the past two...
Nokia attracts real estate speculators to Jucu
Nokia's investment has brought the prices of properties in the Cluj county commune Jucu close to those in Cluj, with apartments being on the market at around 900 euros / square metre. "Nokia...
Private loans climbed to 41bn euros in December
Loans taken out from banks by the population reached 19.8 billion euros at the end of last year, a massive increase of 82% on 2006. Non-government loans went up to a sum equivalent to 41 bil...