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Nestle recruits CFO from Hungarian branch
French-born Muriel Pouliquen became the new finance & control director for Nestle Romania in August, replacing Stephan Wirtz, who left the Romania company to join the Investors Relations tea...
Dragos Cabat moves from OTP to Citi
Dragos Cabat, vice-president of Association of Charted Financial Analysts, moved to Citibank Romania this week, taking over the position of deputy manager of the risk management department o...
easyJet delays flying from Baneasa airport
Low cost airline easyJet, which introduced its first flight on the Romanian market on September 10, continues to operate from Otopeni airport in the Capital, although it was supposed to move...
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...
Socar to bring refined petroleum products from Turkey
Socar, the largest petroleum and gas producer in Azerbaijan, says one of its first operations on the Romanian market will be the delivery of petroleum products processed in Turkey, through t...
Banks will have more capital available for loans from January 1
As of January 1, the risks calculated by banks for mortgage credits will drop from 50% to 35%, according to the new Basel II rules. However, four main requirements have to be met - firstly,...
Remex targets 5m euros from furniture exports
Remex, Reghin-based furniture manufacturer, estimates turnover worth 5.5 million euros for 2007, up 10% on last year. "We estimate a 10% turnover increase this year, against results register...
Azur Baia Mare takes out 5m-euro loan from BCR and BRD
Transportation company Azur Baia Mare will take out two loans worth a total of 5 million euros (from BRD and BCR) to guarantee two plots of land with a total surface area of 28,000 square me...
Voluntary pensions receive contributions from 14,500 clients
The number of clients that contributed to voluntary pensions exceeded 14,500 in late September, according to data published by the Private Pensions Supervision Commission (CSSPP). Compared w...