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Premio comes up with benchmark index for investors
Florin Dolea, the executive manager of CA IB Asset Management, considers the existence of a benchmark index will allow investors to know from the very beginning what they are investing in, a...
Sales of new cars up 4% in Q1
The sales of new cars on the Romanian market have progressed by 4.1% in the first quarter of this year from the same time last year to 50,260 units, according to the data presented by the As...
Contracts with Ferrari help Electromagnetica up
Contracts with Ferrari and other carmakers generated an almost five-fold increase in the profit of Electromagnetica Bucharest for 2005, to 0.76 million euros (2.75 million RON). The total re...
Macromex to set up HoReCa unit
Dan Minulescu, general manager and founder of Macromex, leader of the Romanian frozen vegetables distribution market, is counting on the HoReCa (hotels, restaurants, catering) growth potenti...
Foreign deficit goes up
The current account deficit has resumed its fast-paced growth, going up 71% after having slowed down to 30-40% in the last few months of 2005 against the corresponding period of 2004. The do...
TriGranit sets up a company in Romania
The real estate company TriGranit Development Corporation, which announced that it wants to develop the Esplanada real estate project, has set up a company in Romania. The sole shareholder o...
Banca Transilvania asks shareholders to come up with 35m euros
Banca Transilvania will ask 35 million euros in cash from its shareholders in order to continue its development process. The capital increase will be done by distribution of bonus shares and...
Phoenicia plans to set up hotel network
The Phoenicia Hotels company, which manages the Phoenicia four-star hotel of Bucharest, intends to create a hotel network, Dinel Saizu, Phoenicia general manager, told ZF. "The next hotel mi...
Leasing market to go up to 2.3 billion euros in 2006
The total leasing market will amount to 2.3 billion euros this year, up by some 15% on 2005, the representatives of the Banking Leasing Association (ALB) say. The total value of the goods fi...