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What made IKEA give up production in Romania?
The business model that brought IKEA annual sales of over 20bn euros, which targets the lowest possible costs, was the reason why the Romanian plant, held by its production unit, Swedwood, was forced to close down. The retailer is pursuing a maximum cut down i...
What Romania stands to gain from its 45bn-euro petroleum reserves
The tripling of crude oil prices over the last few years to 130 dollars a barrel has brought Romania's reserves to around 550 million barrels of petroleum, all of them operated by Petrom to...
8% of Petrom now worth half of what it used to
If employees of SNP Petrom, who will soon be able to buy shares from an 8% stake made available by the company, were to sell their shares on the Stock Exchange today, they would see a twofol...
What does the future hold for Mexxem after Puma's direct entry?
Cluj-Napoca-based Mexxem, importer and distributor of Puma products in Romania, estimates a 30% increase in turnover next year, to over 30 million euros. Representatives of the Cluj-based co...
What voluntary private pension managers have to report
Managers of voluntary private pensions (third pillar) have to inform their clients every time they change the investment policy for the funds they manage, according to the regulation on repo...
What a CEO should not do in the first 10 days in office
If you consider that a CEO may be in office for three, four or five years, then ten days is a very short period in the professional life of a top manager. However, the first ten days of a ma...
What integration means for the capital market
What integration means for the capital market
What integration means for the capital market
What integration means for the capital market
UniCredit chairman: It is impossible to predict what the NBR will decide next
UniCredit chairman: It is impossible to predict what the NBR will decide next