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Adesgo looks at Bulgaria, Serbia and Ukraine for exports
Stockings and underwear manufacturer Adesgo Bucharest is looking into the possibility of entering markets in Serbia, Ukraine and Bulgaria with its Diamond brand, which is only sold in Romani...
Hungarians at ASA put prefab plant up for sale
Hungarian-based ASA group is in talks to sell its operations in both Hungary and Romania, in a deal worth around 100 million euros, according to market sources. The most advanced negotiation...
Romanian manager at Raiffeisen Kosovo
Raiffeisen International, which manages the operations of the Austrian group in Central and Eastern Europe, has appointed Bogdan Merfea to the helm of the subsidiary in Kosovo, Raiffeisen Ba...
Dacia expects Sandero to take sales up by at least 13%
One month after its launch, Sandero, the latest Dacia model, has become the driving force behind Automobile Dacia's sales growth, which are estimated to go up by more than 13% worldwide this...
Transport Ministry asks for 600m euros at budget adjustment
The Ministry of Transport has asked to be awarded around 600 million euros at the next budget adjustment, in order to speed up road and railway infrastructure projects. Priorities include th...
Egger to double chipboard production at Radauti plant
Egger Romania, which manufactures wood-based materials, announced its intention to double its share of the melamine-faced chipboard market in Romania, from 20% to 40%, before its Radauti-bas...
Eurozone inflation reaches all-time high at 4%
Annual inflation in the eurozone hit a record high of 4% in June heightening expectations that the European Central Bank (ECB) will increase its monetary policy rate, currently at the same l...
Private health insurance market estimated at 14,000 clients
The private health insurance market numbers 14,000 clients at most, but the growth potential is significant, according to Mihail Marcu, chairman of medical services provider MedLife. "The pr...
Outsourcing of distribution cuts 500 jobs at Coca-Cola
Coca-Cola HBC Romania, the largest producer of soft drinks on the local market, with turnover estimated at over 450 million euros, will cut its number of employees by 20%, after it transfers...