ZF English
Salaries in the tobacco industry and IT rise 20% in February year on year
Romanian employees' net salaries went up over 20% in the tobacco industry and in IT in February against the similar period of last year, with two-digit increases (between 14 and 17%) also re...
State brings 13m euros and two new vice-presidents at CEC Bank
CEC Bank, the only top-ranking bank still in the state's portfolio, will increase its capital by 52.9 million lei (nearly 13 million euros) from last year's profit and by incorporating reser...
Three vacant tower buildings bring losses of 1m euros/month
Three of the tallest buildings in Bucharest, Tower Center in Piața Victoriei (Victory Square), Cathedral Plaza on Luterană Street and Millennium Business Center in the Armenească area are un...
Tourism Ministry announces it will build 50m-euro multipurpose hall
Compania Națională de Investiții (The National Investment Company), an institution subordinated to the Ministry of Regional Development and Tourism (MDRT) yesterday launched a prior informat...
Major wine producers are upbeat
Major wine producers such as Murfatlar, Cotnari, Recaș, Halewood and Angelli have budgeted higher or flat sales from 2010 for this year, after two challenging years with weak figures for mos...
Dorna loses ground to cheaper brands and private labels
Coca-Cola HBC, the biggest player on the domestic non-alcoholic drinks market, has a single mineral water brand left among the five best-selling brands on this segment in terms of volumes, n...
Russia's Renaissance wins mandate for Petrom's offering and starts preparing the deal
The winning consortium asked the lowest fee, of around 1.65m euros, to broker the transaction. The consortium made up of Russia's Renaissance Capital investment bank and domestic brokerages...
Sales up for more than 50% of stores in large malls
Bucharest shopping centres boasting the biggest sales in 2010 were Cotroceni Park, Băneasa Shopping City and București Mall, of Vitan, according to a survey conducted by Colliers Internation...
Overdue loans up to 3.8bn euros in February
Overdue instalment payments for loans contracted by individuals and companies rose by 3.8% in February, to 16.2bn lei (3.8bn euros), double the early 2010 level, according to NBR data.