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Austrians give up pasta produced at Titan
Austrian bakery producer Leipnik Lundenburger Invest (LLI), controlled by the Raiffeisen group, which paid over 30 million euros last year for the local branch of the Greek group Loulis, gave up pasta manufacturing, an activity that generated less than 5% of i...
BNP puts Romanian at the helm of Cetelem
France-based Cetelem, the largest consumer finance provider on the Romanian market, have appointed a Romanian at the helm of local operations, after the business was in the hands of an expat...
Copos hopes to keep Crowne Plaza profit margin at 48%
Bucharest five-star hotel Crowne Plaza, controlled by businessman George Copos, expects a 48% gross profit margin this year, although seven-month figures show the hotel is not on schedule to...
Salaries at Broker Cluj down 40%
The average salary of an employee at Broker Cluj, the only brokerage company listed on the Stock Exchange, fell by 40% in the first half of the year against the first half of 2007, according...
Immoeast will not sell at undervalued prices
Representatives of the Austrian investment fund Immoeast, the most active buyer of real estate property on the local market, with a portfolio of 3.3 billion euros, say they will not sell pro...
Carabulea: Many are knocking at our door and I cannot but open it
"Many people are knocking at our door and I cannot but open it. You have no way of knowing whether talks will materialise in a business partnership or in the sale of a stake," Ilie Carabulea...
Editura Polirom, put at 25m euros
Editura Polirom (Polirom publishing house), one of the biggest players on the Romanian book market, with turnover put at 7.5m euros this year, has a market value of 25 million euros, in line...
Average gross salary at Carpatcement to exceed ?900
Employees of Carpatcement Holding, the local subsidiary of German cement manufacturer HeidelbergCement, will earn a gross income worth over 900 euros this year, over 20% more than last year....
VB Leasing funding stagnates at 90m euros in H1
Funding granted by VB Leasing, one of the top ten companies on the leasing market, stagnated at 90 million euros in the first half of the year, after the company registered two-digit increas...