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What made IKEA give up production in Romania?
The business model that brought IKEA annual sales of over 20bn euros, which targets the lowest possible costs, was the reason why the Romanian plant, held by its production unit, Swedwood, was forced to close down. The retailer is pursuing a maximum cut down i...
Austrians give up pasta produced at Titan
Austrian bakery producer Leipnik Lundenburger Invest (LLI), controlled by the Raiffeisen group, which paid over 30 million euros last year for the local branch of the Greek group Loulis, gav...
Eurolines owners give up 47% of the group
Dragos Anastasiu and his associates have given up a 47% stake in Touring Eurolines, a company with turnover worth over 30 million euros, which operates in international passenger transport,...
Automobile Dacia: "We cannot give a 51% raise because of losses"
The 550 RON fixed increase (51%) in addition to bonus increases and the profit-sharing condition, as requested by Sindicatul Automobile Dacia (Automobile Dacia Union - SAD), cannot be grante...
Aldis to gradually give up its own store network
George Naghi, president and majority shareholder of Aldis, says he intends to give up his store network amid the boom of the retail segment on the local market. "We will gradually give up ou...
Give back to the community!
Titlul nu-mi apartine. L-am vazut, sub forma de banner, pe un site al romanilor din Ontario (www.arcweb.ca), care se vrea un fel de liant al comunitatii de aici. Nu stiu cine sunt administra...
Holcim to give up production of white cement in Turda
Holcim Romania, the local subsidiary of the Swiss group Holcim, will halt the production of white cement at its factory in Turda at the end of this year, following the increase in the price...
Klaas Postema to give up his position at Zentiva
The general manager of the drug maker Zentiva SA (former Sicomed), Klaas Postema, intends to give up the position he holds in the company, sources from the market told ZIARUL FINANCIAR. "Kla...
Buyers in good faith might have to give their Biofarm shares back
The state is supposed to become the main shareholder of Biofarm Bucharest again, according to a court ruling delivered at the end of last month, whereby the State Assets Resolution Authority...