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British company GTK opens cables factory in Craiova

British company GTK announced the opening of a cables production unit in Craiova, the only factory of the company in Romania and the first outside Great Britain.

EC expects Romanian economy to post 5.2 pct of GDP growth in 2016

The European Commission has revised the estimations regarding the Romanian economy increase by a percentage point, to 5.2 percent, the increase slowing down to 3.9 percent in 2017 and it will reach 3.6 percent in 2018, according to the autumn economic forecast published on Wednesday.

Colliers International appoints Mihai Patrulescu as head of research department

The real estate consultancy company Colliers International recruited Mihai Patrulescu as head of Strategic Analysis, in order to lead the research department. Patrulescu has five years’ worth if experience in economic research in the banking system, formerly occupying the position of senior economist at UniCredit Bank.

Penalties of 75 million lei applied to company building Barcau-Bors highway and notification for contract termination

The National Administration Company for Road Infrastructure (CNAIR) issued penalties of 75 million lei for the company dealing with the construction of Barcau-Bors highway and sent notifications requesting the termination of the contract, a company press release shows.

Average net wage in Romania, up 14% in September compared to last year

The average net wage in Romania reached RON 2,094 (EUR 465) in September, up 0.9% compared to the previous month. Compared to September 2015, the net average wage went up by 14.2%.

Romania’s Finance Ministry introduces new amendments to the fiscal code

Employees who receive shares in the companies they work for as extra benefits will no longer pay social contributions when they sell these shares, reports local Ziarul Financiar.

Olympus milk factory in Romania works at 60 percent of total capacity

Dairy maker Olympus uses its milk factory from Halchiu, Brasov, at 60 percent of its total capacity, since opening it five years ago.

CTP invests EUR 35 million in a new warehouse within CTPark Bucharest West

CTP, one of the largest investors in industrial and logistics facilities, started works for a new building within CTPark Bucharest West, an investment of EUR 35 million to be completed in the second quarter of next year.
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