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S&P: Since EU accession Romania has added fuel to fiscal fire
The high level of public spending, the halt in structural reforms and the possibility of early elections being held are all risks for Romania, which, after entering the EU "has added fuel to...
Lafarge Ciment revises estimated growth upwards to 30%
Lafarge Ciment, the domestic branch of the French group Lafarge, the most profitable company in the constructions industry, has revised its estimates for this year's turnover upwards, to 300...
Genpact to hire 500 people in Cluj
Business services and technology solutions provider Genpact, formerly a division of General Electric, will hire 500 staff in Cluj-Napoca, where it will open its second Business Process Outso...
Ford to make 300,000 cars in 2012 or pay fine
According to the contract signed between Ford Motor Company and the Romanian state, the carmaker must expand its production capacities at the Automobile Craiova plant and could face a penalt...
MiniMax to develop discount shopping centres
Real 4 You, an Austrian-based group which is co-developing with other foreign investors the MiniMax Discount store network, intends to build several discount shopping centres on the Romanian...
Bogaris to invest 450m euros in its first large-scale project
Alfonso Otero Zapata, managing director for Poland and Romania of the Spanish real estate developer Bogaris, which has ongoing investments worth 680 million euros, has decided to open an off...
High euro costs could lead to more expensive RON loans
An increase in interest rates for euros is being considered by several banks in order to maintain profitability now that refinancing costs are higher. In addition, bankers also anticipate a...
Eximbank set to co-finance EU funds
Eximbank is set to grant loans to co-finance projects carried out through European structural funds in a partnership with the National Authority for Scientific Research (ANCS). As a result,...
Real estate market drives Macon Deva turnover to 16.6m euros
Macon, a Deva-based producer and distributor of construction materials, in the first half of this year generated turnover worth above 16.6m euros, up 34% against the same period in 2006. The...