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December, best month for home appliance retailers
The top three electrical home appliances retailers on the domestic market, Altex, Domo and Flamingo, expect to generate sales worth 140m euros in December. In January, the retailers announce...
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...
80% of RCS&RDS pledged as collateral for loan
Businessman Zoltan Teszari, owner of RCS&RDS telecom operator, has pledged as collateral for a loan (contracted from a syndicate of 14 banks) both the shares he owns, as well as the 78 perce...
Porter: The private sector must be the driver for change
The Government cannot provide sufficient welfare and it is unrealistic for a country to expect changes to come from the central authorities. This is the duty of private companies, believes p...
Romania is not yet ready for EU funds
DZ Consulting, a company that has offered financial consulting for deals worth over 2 billion euros on the Romanian market, closed a partnership this year with Belgian company Euro Keys, for...
What does the future hold for Mexxem after Puma's direct entry?
Cluj-Napoca-based Mexxem, importer and distributor of Puma products in Romania, estimates a 30% increase in turnover next year, to over 30 million euros. Representatives of the Cluj-based co...
Romania, most important for Vienna Insurance in 2010
Romanian operations are expected to boast the highest contributions to overseas revenues generated by Austrian-based Vienna Insurance group by 2010, believes Boris Schneider, general manager...
City Grill, not ready for partnership or takeover yet
City Grill restaurant chain, controlled by businessman Dragos Petrescu through Totter Prim company, has received several partnership and takeover bids from different investment funds, which...
Allianz-Tiriac: 20,000 clients for voluntary private pensions
Allianz-Tiriac Pensii Private (Allianz-Tiriac Private Pensions) has exceeded the 19,000 client-mark for its two voluntary private pension funds (the 3rd pillar), company representatives told...