branch
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Euler Hermes opens branch after notifying CSA
Euler Hermes, a German group that specialises in commercial credit insurance, entered the local market by setting up a local branch, based on the establishment right that EU companies have, according to the Insurance Supervisory Commission (CSA). Such branches...
Gedeon Richter grants 23.6m-euro funding to local branch
In the wake of acquisitions worth over 30 million euros, which led to a 7% market share, Hungarian pharmaceutical group Gedeon Richter will continue to finance the development of its Romania...
Nestle recruits CFO from Hungarian branch
French-born Muriel Pouliquen became the new finance & control director for Nestle Romania in August, replacing Stephan Wirtz, who left the Romania company to join the Investors Relations tea...
Holcim's Romanian branch: fastest growth rate in Europe
The three largest cement producers on the Romanian market, Lafarge, Carpatcement Holding and Holcim, with cumulated profits worth over 190 million euros last year, maintained their fast-pace...
Medical services branch of Polisano sees 30% increase in revenues
The medical services division of the Polisano group, involved in retail and drug distribution, estimates an over 30% increase in turnover for this year against 2006, after having expanded it...
OTP estimates 23% asset rise for Romanian branch
The Hungarians at OTP Bank have made only moderate development plans, for their Romanian branch in 2007, after it saw its assets triple last year. The assets of OTP Bank Romania are expected...
Volksbank pumps another 100m euros into local branch
Volksbank, one of the most aggressive banks on the retail market, will get a 100 million-euro injection of capital from its majority shareholder. The bank will therefore operate a 112 millio...
Soft drinks companies branch out for higher profits
A decision by the Romaqua group, the largest domestic producer of mineral water, to expand its interests by building a brewery has not taken the soft drinks industry by surprise, as the indu...
Alumil branch to float on Bucharest Stock Exchange
Alumil branch to float on Bucharest Stock Exchange