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A&D Pharma gives up chairman position
A&D Pharma Group, the largest player in the Romanian pharmaceutical industry, has decided to pursue regional expansion through its three business divisions, which all operate locally. A&D Ph...
OTP puts insurance division up for sale
OTP, the largest financial group in Hungary, present in Romania through OTP Bank, OTP Garancia Asigurari (the insurance division) and OTP Fond de Pensii (the private pensions division), coul...
Over 1ha land plot supply in Bucharest about to dry up
The programme that entails the elimination of plants located within Bucharest is coming to a close. Republica, Titan Mar and Timpuri Noi are among the last "redoubts" in the way of real esta...
Minimum cigarette excise up 4.5% in first half of 2008
The minimum cigarettes excise duty will be worth 39.5 euros/1,000 cigarettes in the January 1 - June 30 2008 period, 4.55% more than in the first half of 2007, following an order issued by t...
AutoItalia: Car sales go up irrespective of discounts
Particularly in November-December, a rising number of car importers or dealers are rolling out special promotions, but these do not have a significant impact over sales, says AutoItalia chai...
Promotion drives Zaraza sales up to 5.8m euros
Zaraza brandy, formerly Vinars de Murfatlar, could reach sales worth 5.8 million euros next year, with representatives of Murfatlar company, the holder of the Zaraza brand, targeting a 40-45...
Pralines market up by 300% in December
Praline producers are expecting 4 times higher sales in December against a regular month, after the first 9 months of 2007 brought them increases by over 80% against the same time in 2006. T...
Up to 1bn euros from eurobonds
Romania could borrow up to 1 billion euros in the 1st quarter of next year, through a ten-year eurobond issue, which will be managed by three investment banks - Eurobank EFG, UBS Bank and Cr...
Loans taken in stores set to go up further
Consumer lending firms have ambitious plans for 2008, still seeing potential for sustained growth, of above 50%, after having achieved turnover increases at about the same rate this year. BR...