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Transilvania Constructii derives three times higher profit
The net profit of Cluj-Napoca-based construction company Transilvania Constructii climbed 274% last year, from 3.1 million RON in 2006, to 8.5 million RON (2.5 million euros) due to the rapi...
Farmec Cluj, 10% higher exports
Farmec Cluj, the largest Romanian producer on the cosmetics market, forecasts its sales on the international market will reach almost 2.4 million euros this year, up 10% on 2007. Currently,...
Aviva Fond de Pensii to pursue higher yields and low risk
The yield will be the main goal for Eugen Voicu, the new CEO of Aviva Fond de Pensii, with his over 13 years' experience in mutual fund management helping the company draw up a strategy for...
Auto market in 2007: three times higher growth than expected
Sales of vehicles in 2007 accelerated 23% and reached a total volume of 366,819 units, according to the statistics of the Association of Automotive Manufacturers and Importers in Romania (AP...
Heidi: 45% higher sales
Heidi Chocolats Suisse, the producer of the Heidi chocolate, posted sales worth around 12.5 million euros last year, while the last three months generated around 40% of the company's busines...
Transgaz budgets 28% higher profit in 2008
Transgaz Medias (TGN), the national natural gas pipeline company, has budgeted gross income worth 317.6m RON (90.7m euros) for this year, around 28% higher than the estimated level for 2007,...
Bucharest has higher rents than Warsaw
An expat pays around 4,200 dollars a month (3,000 euros) for an apartment in Bucharest, the same cost as Prague, but a few hundred dollars more than in Warsaw, shows a study conducted by hum...
An MBA does not guarantee higher wages
Master of Business Administration (MBA) programmes do not guarantee a higher wages for employees; on the contrary, such a diploma can have a negative impact on employers. "There is the idea...
Holdmann anticipates 60% higher business
Iasi-based Holdmann, one of the main importers and distributors of professional cleaning and hygiene products on the local market, estimates a turnover worth 6.5m euros for 2007, up by over...