Drugmaker Terapia Ranbaxy, held by Indian group Ranbaxy, isputting a 9-hectare plot in Cluj up for sale and has receivedseveral offers from retailers, with another similar plot beingconsidered by the shareholders for building a new plant.
The company's intention is older, but only recently has it managedto decontaminate the land, which cost it 3 million RON, an amountthe management is hoping to recoup from the sales.
The price of land in Cluj ranges between 150 and 200 euros persquare metre, according to data of local real estate agencies. Atan average price of 180 euros, Terapia's plot could be put at 16.2million euros.
Dragos Damian, the company's general manager, specified the 9hectares are in excess and that even if there will be expansionplans, they will not involve a plot larger than one hectare. Inaddition to the 9 hectares of land put up for sale, the companyholds another similar plot.
"For the next five years there are plans of transferring technology(moving production to Romania i.e.) which, if fulfilled, couldentail building a new production facility. It remains to be seen ifthese optimistic plans will come true," said Damian.
He did not wish to specify what the development plan amounted to,only saying the decision to invest in a production facility isstrictly dependent on this plan, which, in its current form, couldentail the building of a production facility, for which Cluj couldbe in the cards.
NBR sets its sights on bankers' salaries: payments of above 1meuros, to be reported
Liviu Chiru, Adelina Mihai
The National Bank is to collect information on payments of above1m euros made by banks, which it will report further to theCommittee of European Banking Supervisors.
The modifications, included in a law modifying Ordinance 99/2006,regulating banks' operations, come amid the rising pressuresinternationally to review banker compensation system.
The outlook of some fat bonuses related to their achieving somehighly ambitious targets on the short term have made bankers takeon too high risks in the past years, which eventually led to thefinancial crisis of 2007-2008. Moreover, banks further granted highbonuses during crisis years, though many of them had asked for thestate's support or were even nationalised to be saved frombankruptcy, thus stirring taxpayers' anger.
At present, the fixed monthly salary a boss of a top five bankdomestically stands at 40,000 euros net, to which the annual bonusis added, which in a multinational can account for even 100% of theannual salary. Thus, annual incomes are likely to climb above the1m-euro per year threshold in top banks.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
