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Outsourcing of distribution cuts 500 jobs at Coca-Cola
Coca-Cola HBC Romania, the largest producer of soft drinks on the local market, with turnover estimated at over 450 million euros, will cut its number of employees by 20%, after it transfers 500 employees involved in distribution to specialised companies
Vienna Insurance cuts costs by 7m euros a year
Austrian group Vienna Insurance is currently working on a plan to create synergies among five out of the seven companies it owns on the local market in order to cut costs by 7 million euros...
UPC Romania cuts prices for SME clients
UPC Romania, the largest cable TV operator on the Romanian market, has launched three full-service packages for SMEs, which include broadband Internet, fixed digital telephony, web hosting a...
Privatisation cuts 3,000 Distrigaz jobs
The leading gas distributor on the Romanian market, Distrigaz Sud, with business worth over one billion euros last year, has cut its staff by around 3,000 people compared with 2005, when it...
Intrarom cuts turnover target in half
Intrarom, one of the main providers of IT&C products and solutions in Romania, posted a 34.7 million-euro turnover in the first half of this year, and estimates to reach around 70 million eu...
Government cuts funds for wages and roads to pay for pensions
After four years in office, the Government has shifted its focus from transport and infrastructure to education, pensions and social security, with regard to the budget. The 2008 budget focu...
Citi cuts 2 euros from the price target for Erste shares
Analysts from the American bank Citi have cut the price target for Erste Bank (BCR's majority shareholder) shares by 2 euros, from 69 to 67 euros, but maintained the recommendation to purcha...
Cosmote Romania cuts roaming charges in the EU
Cosmote Romania, the domestic branch of the Greek mobile telephony operator Cosmote, has announced cuts in roaming charges in the member states of the European Union, as of September 30. The...
Europharm closes six drug warehouses due to mark-up cuts
Drug distributor Europharm, held by the UK giant GlaxoSmithKline (GSK), leader of the Romanian pharmaceutical market, will close down 6 of its 17 warehouses, with the company having the most...