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Delphi: Iasi plant will be run by Romanian managers
American automotive components producer Delphi, which is hiring over 10,000 people in the two plants it owns in Timis and Arad, has already recruited 34 employees of the first 300 to be hire...
Volume of credits granted by TBI double after 9 months
The volume of credits granted by TBI Credit, a member of the financial services group TBI, reached 90 million euros at the end of September, up 125% against the same time last year. "There w...
Mars forecasts business will rise by over 20%
"We expect our domestic turnover to register an over 20% increase this year and our various market segments to experience steady growth," said Tomasz Pawlowski, general manager of Mars Roman...
Changes in the railway infrastructure by 2018
The main projects for the rehabilitation of Romania's railway infrastructure are trans-European corridors IV and IX, which total over 2,000 km of railway and investments worth above 10bn eur...
BCR to bring five funds onto the market by mid-December
BCR Asset Management, the investment management division of the financial group BCR-Erste, will launch five open-end investment funds on the market midway through December, two months after...
Tuborg to boost canned beer production by 30%
United Romanian Breweries Bereprod (URBB), the producer of Tuborg, Carlsberg and Skol beer brands, will invest around 16 million euros in order to expand production capacities next year. "Fo...
Economy grows by 5.7% in third quarter
Economic growth above analysts' expectations has taken the exchange rate to less than 3.5 RON/EUR and pulled the Stock Exchange up by 2-3% on all indices. Economic growth amounted to 5.7% in...
ABN Amro targets top 3 position in private banking by 2012
ABN Amro aims for one of the top three places on the local private banking market within the next five years, and expects an up to 20% share of a market estimated to include 500,000 clients...
Holidays boost wine sales by over 30%
The winter holidays, which traditionally are that time of the year when sales peak across all retail channels, is also expected to bolster wine producers' turnovers, which anticipate at leas...