...ggest salaries this year, making approximately 6,000 euros per month, higher than the average salary made by financial , sales or humanThe heads of the marketing departments earned the biggest salaries...
Friday, 29 December 2006
Investment funds saw their average yield drop to around 8% this year, that is a little more than what a banking deposit yielded during this period.
However, those investorsInvestment funds saw their
Friday, 29 December 2006
Investors on the Bucharest Stock Exchange flooded the market with buy orders worth 130 million euros in order to grab as many shares as they could in the 8.4Investors on the Bucharest Stock Exchange f
Tuesday, 19 December 2006
The dividends the financial investment companies (SIF) will be able to grant next year from this year's income will not account for more than 3% in the price ofThe dividends the financial investment c
Tuesday, 19 December 2006
Austria is the most popular travel destination during winter holidays, as a rising number of Romanians choose the Tyrol or Salzburg ski travel packages, according to the data releasedAustria is the mo
Tuesday, 19 December 2006
Assessing the value of CEC (Romanian Savings Bank) is now a more difficult task in the wake of its restructuring and the development of its business following its entranceAssessing the value of CEC (R
Tuesday, 19 December 2006
Nuclearelectrica, the electrical power producer and operator of the Cernavoda-based nuclear power plant estimates turnover will amount to 255 million euros (899.5 million RON) in 2007, up 33.7% inNucl
Tuesday, 19 December 2006
The Greeks at Piraeus Bank have voiced ambitious plans for the bank's local branch, which should double its turnover in 2007. "We will double the number of clients, theThe Greeks at Piraeus Bank
Tuesday, 19 December 2006
Businessman Catalin Chelu, one of the leading investors on the capital market, with significant stakes in SIFs, failed in his attempt to list CCC Blue Telecom, the third biggestBusinessman Catalin Che
Tuesday, 19 December 2006
British investment fund Fabian, which includes two Bucharest office buildings in its portfolio, plans to acquire office building projects worth up to 60 million euros, as well as toBritish investment
Tuesday, 19 December 2006
National grid company Transelectrica has revised its revenue budget for this year upward, by 45%, to 683.2 million euros (2.4 billion RON), against the 468 million euros (1.63 billionNational grid com
Tuesday, 19 December 2006
The number of vehicles sold over January-November this year reached 233,187 units, up 17.8% against the corresponding period of 2005, according to statistics by the Automotive Manufacturers and Import
Tuesday, 19 December 2006
The traded value on the Bucharest Stock Exchange (BSE) could increase by 51% this year compared with 2005 and reach 10.7 billion RON (3 billion euros), according to estimatesThe traded value on the Bu
Tuesday, 19 December 2006
Jolidon, one of the biggest ready-to-wear companies in Romania, has bought the majority stake (71.8%) in ready-to-wear manufacturer LCS Conf SA (Flacara) in Cluj-Napoca, owned by Romanian-German compa
Tuesday, 19 December 2006
Anglo-Dutch giant Shell, the world's third-largest petroleum corporation, is in talks to sell the Shell Gas Romania business in a packaged deal with its operations in other five countriesAnglo-Dutch g
Friday, 15 December 2006
Edwin Botterman, chairman of Brau Union, the leader of the domestic beer market, says the company will brew more than 4.1 million hectolitres of beer this year, 17% moreEdwin Botterman, chairman of Br
Friday, 15 December 2006
International DIY chains could total 60 outlets by the end of 2008, according to the expansion plans announced by players.
Two international companies have already entered the do-it-yourself marketIn
Friday, 15 December 2006
Dunca Expeditii, the transportation and logistics company based in Timisoara, estimates it will derive net profit worth over 1.5 million euros this year, double against 2005, with growth especiallyDun
Friday, 15 December 2006
Banca Comerciala Romana will integrate into a holding owned by Erste Bank by the middle of next year. The holding will include all the Austrian group's branches from CentralBanca Comerciala Romana wil
Friday, 15 December 2006
French-German group Eurocopter was the only company to launch a bid to purchase 64.89% in aircraft manufacturer IAR Brasov. Yesterday was the deadline for submitting the documents, according toFrench-
Friday, 15 December 2006
MiniMax Discount, the network of discount stores developed by the former head of the XXL Mega Discount network, Rainer Exel, will invest 20 million euros in 2007 to expandMiniMax Discount, the network
Friday, 15 December 2006
The overdue debt of individual clients climbed 5% in November, reaching 392 million RON (equivalent to 114 million euros), according to data supplied by the Credit Bureau. The growthThe overdue debt o
Friday, 15 December 2006
BT Asigurari (BT Insurance), part of financial group Banca Transilvania, plans to perform a 10 million-RON capital increase very soon. "This month we are operating a 10 million-RON capitalBT Asig
Friday, 15 December 2006
Romania could build some 2,500 kilometres of highway in the 2008-2018 period, almost half of which is to be funded by means of a public-private partnerships, said Radu Berceanu,Romania could build som
Friday, 15 December 2006
Next year, the State Assets Resolution Authority (AVAS) will put up for sale stakes of up to 5% in the 140 companies listed on the capital market in whichNext year, the State Assets Resolution Authori
Friday, 15 December 2006
The leasing market registered funded goods worth 2.33 billion euros in the first nine months of this year, a 67% increase against the same time last year, according toThe leasing market registered fun
Friday, 15 December 2006
Cascade Empire, the local acquisitions division of the Austrian company Holzindustrie Schweighofer, which operates in the field of wood processing, has so far bought 5,000 hectares of forest onCascade
Friday, 15 December 2006
BCR has no less than 40 projects in progress, all of which aimed at integration and adjusting to Erste group standards. However, it will not slow down the businessBCR has no less than 40 projects in p
Thursday, 14 December 2006
According to Gunter Grieb, general manager of Kaufland, competition is not as fierce in smaller Romanian cities. As a result, the company will consider opening outlets in cities withAccording to Gunte
Thursday, 14 December 2006
PharmaFarm Cluj, a drug distribution firm, plans to develop an online order portal, E-PharmaFarm, next year.
Its development plans include working with up to 500 drugstore customers through thisPharm
Thursday, 14 December 2006
Financial news 