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Schmidt: BMW's arrival not triggered by our performance
Michael Schmidt, the general manager of Automobile Bavaria, the BMW dealer in Romania, says the direct arrival of major global carmakers on the domestic market has to do with the fact the ma...
KPMG: We'll hire 100 graduates by September
Audit and consulting company KPMG Romania will hire at least 100 young graduates this year, after having recruited another 100 over the past year, Serban Toader, audit partner at KPMG and fu...
Porsche Mobility to finance 1,000 vehicles by yearend
Porsche Mobility, a division of the Porsche Financial Group specialising in operational leasing and fleet management, has set itself as a target to finance 1,000 vehicles by the end of the y...
Continental increases tyre production by 8%
Continental Automotive Products, which owns a tyre plant in Timisoara, will increase the production of its Timisoara-based plant by around 8%, to over 13.5 million tyres, compared with the c...
Millennium: 1.4bn-euro assets by 2010
Banca Millennium, the name under which the Portuguese at Millennium BCP have registered their domestic branch, expects to operate 100 branches by 2010, with a portfolio of around 150,000 cli...
Brandl-Ro to hire 300 people by 2008
Brandl-Ro, part of the German group Brandl GmbH, an international producer of components for car bodies, intends to hire around 300 people by the end of 2008, with the number of company empl...
Ten non-bank financial institutions registered by the NBR in May
The NBR (National Bank of Romania) has so far registered 118 non-bank financial institutions in the General Register, from a total of 266 companies that submitted the necessary papers. The f...
Avicod Codlea offsets losses caused by bird flu
The producer of poultry products Avicod, based in Codlea, Brasov county, estimates it will post a turnover of approximately 5 million euros this year. The figure predicted would account for...
Otelinox to decrease capital by 1.6m euros
Targoviste-based Otelinox, a producer of stainless steel strips and sheets intends to decrease its share capital by 5.3 million RON (1.6 million euros), to 21.3 million RON, according to a c...