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IT salaries in western Romania go up 10% this year
The salaries of employees in IT companies in western Romania will go up by an average 10% this year after last year specialists in the field saw their wages up by more than inflation (10.10%...
Administrators of Burci's plants seek buyer for majority stake
The judicial administrators of Astra Vagoane Arad, Meva and Romvag, which have become insolvent over a 120 million-euro debt, are seeking an investor to take over the majority stake in the t...
It's just a matter of time before euro is worth 4 lei, say analysts
A 4-lei euro, a level that seemed unimaginable as early as at the beginning of this year, when one euro was still close to the 4.3-lei mark, is already considered by all analysts after the e...
ZF was right: Investments of pension funds will be out in the open
The more than five million participants to the private pensions system will find out every six months where their money has been invested after the Private Pensions Supervisory Commission (C...
Schoiswohl, BCR: Team strengthening, key to boosting corporate funding by over 15%
BCR last year persuaded large companies of almost all industries to start working with the largest bank on the market with one or more products and services, and the success rests with the n...
Sonae Sierra set to start first project built from scratch in Romania
Portugal's Sonae Sierra, which owns 49 malls in Europe, but only one in Romania, River Plaza Râmnicu-Vâlcea, is likely to start works on Adora mall of Craiova this year, the first project bu...
Beer wins battle with soft drinks and water, despite consumption decline
Beer consumption, which last year reached 78 litres per capita, is in line with the European average, with beer as one of the few beverages with which Romanians can keep up with Europeans.
Provisions bite into Banca Românească profit
National Bank of Greece financial group, the majority shareholder in Banca Românească, reported 12m-euro profit for Romanian operations in 2010, down 37% from the 2009 profit.
With more clients and falling loans Piraeus preserves profit
Piraeus Bank, the domestic subsidiary of a top Greek financial group, last year generated 25m-euro gross income, flat from 2009.