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Loss-making restructuring at Policolor
Paint maker Policolor Bucharest began a restructuring process at the end of last year, in order to boost profits. It closed a productive department and laid off 40% of employees. Still, unti...
Strike at Dacia suspended
The strike at Dacia lasted only two days. The company management on Tuesday succeeded in getting the general strike suspended, after the court found in favour of the representatives of the P...
Winds of change at The Body Shop
The Body Shop Romania will change its look and part of the products, following a decision of the parent company, Great Britain's The Body Shop International. As of April 1, the stores will h...
Jacques Chirac points at Romania, investors lend ears to rumors
Unwillingly, or maybe not, the President of France, Jacques Chirac has succeeded in making some foreign investors drop the Romanian eurobonds traded on the international markets. Chirac poin...
American CEO at RomTelecom
National fixed telephony operator RomTelecom will have a new CEO as of March 1. The CEO position, vacated by Panagiotis Kargados' resignation in late last year, will go to US-born James Hubl...
$50 million investments at Electrica
Electrica will invest 1,578bn ROL ($48.3 million) from its own resources this year. The bulk of investments, more than $19.1 million, will be directed to upgrading medium and high voltage ne...
Sogelease aims at 50m euros
BRD Sogelease, the leasing company of BRD Groupe SociAétAé GAénAérale, expects contracts worth 50 million euros in 2003, up 66% since last year. "2002 was our first year of opera...
Changes at Unilever and CIS
Fergus Cass will leave his position as chairman of Unilever South Central Europe, which includes the Romanian branch, at the end of the month. He will be replaced by Martina Kastler, who has...
At last, mortgage credit regulations
Several years of procrastination and delays later, the mortgage credit market has finally been regulated. Moreover, the normative act regulating this type of financing includes clear stipula...