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Actavis aims for a top three position
With a new name for Sindan Bucuresti producer of oncology drugs and with investment plans worth around 35 million euros in a new production facility, Iceland's Actavis group is trying to gai...
10% of Romanians provide for the remaining 90%
Romania is experiencing an alarming situation as far as the employment of workforce is concerned, because approximately 10% of the population has to provide for the remaining 90%, Paul Pacur...
BT earmarks 3.5m euros for pension fund
Banca Transilvania (BT) intends to become involved in the pension funds market, after its shareholders approved the decision to include among its activities fund and pension fund assets depo...
1st of May, a very good barometer for the summer season
Over 10,000 tourists are currently holidaying at the seaside resort of Mamaia, a number exceeding hotel operators' initial estimates, stated Dragos Raducan, secretary general of the Federati...
RON, the currency of choice for savings
The RON returned as the population's favourite currency for savings, after placements in euros were more in demand last year. Starting November last year, deposits in RON have increased fast...
1.2m-euro profit for Grawe
Insurance company Grawe Romania, a branch of Austrian group Grawe, has posted a net profit worth 4.16 million RON (1.2 million euros), an increase of 7.7% on 2005. The profit derived by Graw...
OTP Bank to rely on alternative channels for 50% of sales
Bankers have started to study more closely the possibility of distributing products through alternative channels as the rising prices of commercial space and the increase in salaries are dri...
Manitoba makes T-shirts for BAT and Coca-Cola
Textile manufacturer Manitoba Tex in Arad estimates an approximately 10 million-euro turnover for this year, up 20% on 2006, when the company saw sales worth around 8 million euros. "This ye...
6m-euro losses for Unita in 2006
Insurance company Unita, a member of the Vienna Insurance group, saw losses worth 21.39 million RON (6 million euros) last year, having previously posted 283,641-RON (80,502-euro) profit in...