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Car industry: imports up, local producers down
The top three car importers, ranked within the top five sellers on the market, saw 52% growth on average in the first two months of this year, while domestic producers saw an average decline...
Salans business goes up 50%
Salans, the Bucharest based law firm, saw a turnover increase of 50% last year, amid an overall upsurge on the local business market. According to the latest available information, Salans po...
BCR and Erste set up housing bank
S Bausparkasse, the housing savings and loan bank of Erste Bank, is to establish a subsidiary in Romania together with BCR, Astrid Kratschman, head of S Bausparkasse operations in Central an...
Elimination of down payment for credits to drive flat prices up
The elimination of the 25% down payment for mortgage credits will prompt a new increase in the price of flats, according to representatives of the real estate market. In anticipation of a ne...
Domestic economy up by 7.7% last year
The domestic economy grew by 7.7% last year, compared with a previous estimate of 8% and with a growth of 4.1% registered in 2005, according to data published by the National Institute of St...
Gallaher sales up by over 30% on the local market
British company Gallaher, one of the world leaders in the tobacco industry, last year saw a 30.2% increase in the volume of sales on the Romanian market, pushing its market share up to 3.4%,...
RCS&RDS business up 46% to 300m dollars
RCS&RDS, one of the leading players on the domestic communications market, posted a turnover worth over 300 million dollars (239 million euros at the average exchange rate announced by the N...
Altex sets up real estate unit, plans to float it
Altex group, including Altex Impex, Romaniaes main retailer of electronics and electrical home appliances, plans to set up a real estate unit by merging Cometex Suceava and Real Estate compa...
Holcim to give up production of white cement in Turda
Holcim Romania, the local subsidiary of the Swiss group Holcim, will halt the production of white cement at its factory in Turda at the end of this year, following the increase in the price...