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Campofrio: Tulcea plant could close next year
"The plant in Tulcea needs 11m-euro investments in order to meet EU requirements and the production unit is only authorised to operate until December, 31, 2009," stated Ovidiu Wencz, general manager of Tabco-Campofrio. According to Wencz, the plant is undergoi...
General Electric gets close to 1,500 employees in Romania
"We are hiring about 200 people a year. I think this is a solid growth rate. GE has experienced a gradual increase on the market, given that it started out with two people in 1984," says Cri...
Wizz Air: Six-month results are close to last year's
Hungarian airline Wizz Air transported 370,000 passengers in the first six months of this year on flights to and from Romania, close to last year's level of 415,500 passengers. The company's...
Private medical services market: close to 1bn euros by 2012
The market of private medical services could reach 890m euros by around 2011, more than double the 350m euros forecast for this year, a period during which cities other than Bucharest will c...
Government securities close to floating
Technical tests aimed at determining whether government securities should be listed on the stock exchange are drawing to a close. The instruments will start trading depending on regulatory f...
Linklaters to close Bucharest office, but continue activities
British law firm Linklaters, number two on the global law market, will close its Bucharest office on November 1, along with those in Budapest, Bratislava and Prague, but aims to build a new...
Transition is over: IMF could close office in Bucharest
IMF, the "bogeyman" of Romanian governments since 1990, might close its Bucharest office, as part of a restructuring process whereby the international financial institution attempts to curb...
Colgate-Palmolive to close Romanian plant
American group Colgate-Palmolive, the largest worldwide manufacturer of toothpaste, has announced it will terminate production in Romania, and close down its only local plant in Brasov. The...
For every new hypermarket opened, 100 small stores close
New hypermarkets often cause several tens of convenience stores to close, however, the real winners are petrol stations that stay open 24 hours and do not rely on store sales alone. What are...