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Altex relies on Romanians' penchant for high-quality goods
Altex, the biggest retailer of electronics and electrical home appliances on the Romanian market, has recruited a new financial officer from one of the tobacco industry's main players, JTI R...
Dufa Deutek: 10% of turnover allocated for marketing
Paint and varnish producer Dufa Deutek, owned by investment fund Advent International US, has earmarked 3m euros (net value) for this year's marketing budget, with Super Weiss paint to recei...
Pirelli hires 350 individuals for Slatina-based tyre factory
Italian-based Pirelli group, which owns two production facilities in Romania, will hire 350 individuals for its Slatina-based tyre factory by the end of the year, taking the total number of...
Large banks utilise networks for private pensions distribution
The majority of top-ranking banks on the Romanian market have started to utilise their branch networks for the distribution of mandatory private pensions (the 2nd pillar). Some banks broker...
Insurer BT Asigurari sold for record 90m euros
Banca Transilvania has signed the sales contract for BT Asigurari (BT Insurance) with Groupama, a French financial group with operations in Europe and Asia, with 90% of the company sold for...
GSK could produce drugs in Romania for Western Europe
British company GlaxoSmithKline (GSK), leader of the Romanian pharmaceutical market, could outsource production for some of its drugs to Romania in the coming period GSK is currently testing...
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...
NetJets expects 15-20 Romanian clients for luxury flights
NetJets, the private jet operator owned by Warren Buffet, one of the wealthiest people in the world, intends to attract 15-20 new clients among Romanian companies, in comparison to the 7 cli...
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...