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Interests, racing to catch up with inflation
The year 2006 debuted with interest rates closer to the inflation rate, for the RON deposits: BRD pays up to two points more for saving accounts, while ING even doubles interests, from previ...
The Christmas build up
Having spent half of the last 10 days in London with the remainder back in Bucharest, it has been something of an education to compare the atmosphere in both places and how Christmas visuall...
Mobex sees sales pick up in 2006
Targu-Mures-based furniture manufacturer Mobex expects sales to pick up next year now that the company''s business went down due to the fluctuations of the foreign exchange rate this year. "...
Renault up now, down next year
Renault Nissan Romania, the second largest car importer on the local market, has doubled its sales this year due to the boom seen by funding systems. The company will exceed the 300 million-...
Worst news: GDP up only 1.8% in Q3
The announcement of the National Statistics Institute (INS) at the end of last week that the Gross Domestic Product for the first nine months of the year was only 3.6% higher than in the sam...
Dasimpex teams up with fund
Businessman Sorin Stoica, 36, one of the entrepreneurs to bet on the growth of mobile telephony, is in very advanced talks to attract an inflow of capital worth several million euros from a...
Price hikes push inflation up
The inflation rate went up to 1.2% in November, leading to an annualised inflation of 8.7% one month before the end of the year, according to data published by the National Statistics Instit...
Infrastructure to eat up 1.4bn-euro loans
The infrastructure projects that will be carried out next year will benefit from foreign loans worth 1.4bn euros, with most of the money coming from the European Investment Bank (EIB), Trans...
AES bid up to GDP value
US-based energy group AES Corporation, which has global operations, has long-term interests in Romania, which it sees as a key market in the region, with one of the fastest growth rates, Pau...