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Higher demand for Nike brings Elmec sales to 23m euros
Sales of Elmec Romania, a division of Greek clothing and footwear distributor Elmec Sport went up 34% in the first six months of the year, compared with the same time last year, and reached 23.4 million euros. EBITDA amounted to 4.1 million euros during the sa...
IKEA brings 4.6m-euro profit for billionaire Puiu Popoviciu
The IKEA franchise, owned by Puiu Popoviciu, one of the most discreet billionaires in Romania, registered net income worth 15.2m RON (4.6m euros) in the first nine months in business in 2007...
Lactalis brings first French managers to LaDorna
French dairy producer Lactalis, which bought the LaDorna group from businessman Jean Valvis, has appointed its first expat managers to run its operations in Romania. The main positions targe...
Romtelecom brings German manager on board
Wolfgang Breuer, 44, former vice-president of Deutsche Telekom for Central Europe and CEO of T-Mobile Croatia has been recruited by Romtelecom for the position of chief executive of technolo...
July brings exchange rate lows
The RON is 10% weaker than a year ago, while forecasts for the coming few months vary. July, as in 2007, brings the prospect of an annual low, after the euro stands at an average of 3.59 RON...
Adamescu brings construction workers back from Spain
Baumeister, a constructions company owned by businessman Dan Grigore Adamescu, is in talks to bring back Romanian workers from Spain. The workers will be employed in two housing projects dev...
Paskany brings Sheraton luxury hotel to Cluj
American hotel chain Starwood Hotels and Resorts is in advanced negotiations to open the its first hotel in Romania in Cluj, within the Sigma Tower project, started by Cluj businessman Arpad...
Iaki hotel brings Hagi revenues worth 3.4m euros
Iaki four-star hotel in Mamaia, owned by former football player Gheorghe Hagi, has budgeted an over 20% increase in revenues for this year, to 3.4 million euros. The level of revenues places...
Advent brings former Terapia team to LaborMed
Stephen Stead, the British manager that Advent International investment fund appointed at the helm of drug producer LaborMed Pharma, has recruited Lucian Codreanu (as Commercial Manager), Mi...