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Carpatair wants to carry 630,000 passengers after introduction of new routes
Carpatair, the second most important airline after Tarom on the Romanian market, will rely on domestic flights and destinations in Greece and Ukraine in order to boost traffic by around 12%...
After Kraft, Tchibo enters coffee shop market
Tchibo, the largest coffee producer in Germany has announced that it will focus its investments on Eastern Europe, and plans to expand its coffee shop network in Romania, as well as in Polan...
LaborMed sold for 123m euros after 6-month process
The sale of drug manufacturer LaborMed Pharma, acquired by US investment fund Advent, first began in June 2007, when shareholders were reticent to exit the company completely. At the time, t...
Bancpost poised to boost income after restructuring
Bancpost, the domestic arm of Greek group Eurobank EFG, last year generated net income worth 28.8m euros, up around four times compared with the level reached in 2006. The bank's assets soar...
UPC parts with its CFO after 7 years
On February 1, Dragos Tanase, 35, relinquished his position as chief financial officer of UPC Romania. According to UPC officials, it was Tanase who decided to leave. "Dragos Tanase, Chief F...
Pension firms' targets and achievements after 4-month battle
Only 3 of the 18 mandatory pension companies reached their initial sales targets, whilst the remainder failed to meet their original forecasts. ING, Allianz-Tiriac and Generali are the only...
Pension company ranking after four-month campaign
Almost 4.1 million Romanians have joined one the 18 pension funds on the market, which includes 920,000 in the last ten days. The last ten days of the mandatory pension campaign brought an u...
Foreign investments amount to 6.6bn euros after 11 months
The value of foreign investments declined in the first 11 months of last year by around 20% on 2006, to 6.6 billion euros, according to a statement made on Tuesday in Vienna by Eugen Dijmare...
Zapp to see investments after takeover by Arab group Saudi Oger
The takeover of Romanian company Telemobil (operator of the Zapp network) by the group owned by the family of the former Lebanese Prime Minister Rafic Hariri - one of the richest families in...