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Pioneering in a new field has advantages and risks
"Being an entrepreneur primarily means employing staff who depend on you, working more than any employee and having the largest possible amount of freedom to make decisions. Of course, the d...
Six new Motor Jeans stores by yearend
Paradis Star, master franchiser of Motor Jeans, intends to open another six stores this year, in the wake of a 300,000-euro investment. "The opening of a Motor Jeans store entails an investm...
NBR: Population short on money for new credits
The population's demand for credits could decline in the coming period, after individual clients already experienced liquidity constraints, while optimism regarding future increases in incom...
Romeo Dunca investsin new ski resort
Businessman Romeo Dunca, stakeholder in Dunca Expeditii, a commodities shipment company, has hired Canada's Ecosign, a leading mountain resort planner, to start "hundreds of millions of euro...
MedLife to invest 30m euros in 4 new hospitals by 2010
Private medical services provider MedLife will open four hospitals in Iasi, Constanta, Brasov and Timisoara in the next two years, and also targets an expansion of its medical services portf...
New tour operators clash over leisure travel market growth
During the Sofia travel fair in February 2007, Corina and Aleksei Hinkov met Livent Aydin, general manager and a shareholder in the biggest tour operator on the Turkish coast. As a result, t...
CEC Bank, the new name of Romania's oldest bank
Casa de Economii si Consemnatiuni (Romanian Savings Bank-CEC), the oldest bank on the Romanian market, with a 144-year history, is set to receive a new name, CEC Bank, as well as a new visua...
21 new malls set to open in 2008
21 shopping centres are scheduled to open by the end of this year, which means that a new mall will open, on average, every 11 days in Romania, with the available modern commercial area set...
George Paunescu invests 4m euros in new furniture plant
Businessman George Paunescu, who indirectly controls Arad-based furniture manufacturer Imar, will invest over 4 million euros in a new plant this year, an investment which will increase the...