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Ferrosan turns Cluj plant into regional centre
Danish-based Ferrosan, a producer of nutritional supplements and sterile surgical instruments, intends to turn the production facility acquired in Cluj into a regional centre for Central and...
Vodafone eats into Orange and Cosmote retail network
Vodafone, the second largest player on the local mobile telephony market, has made a new acquisition on the local GSM retail market, the third in the last year, by taking over Vegastel 2007...
Chimopar branches into sanitary products and PET recycling
Chemicals producer Chimopar Bucuresti will establish two companies that specialise in manufacturing paper-based sanitary products and in PET container recycling. The investments required exc...
BRD ventures into voluntary pensions
BRD Fond de Pensii will launch a voluntary pension fund (pillar III) by September, with another one in the pipeline for the end of the year, Damien Marechal, general manager of the company t...
Inox Style, a successful venture into unknown field
How important is experience when starting a business? How can a company attract customers? How significant is a company's image, and how can it be improved? An entrepreneur must choose very...
Prefab Bucuresti slips into the red
Prefab Bucuresti, a manufacturer of construction materials, has posted revenues worth 20.4 million RON (5.6 million euros), down 15%, and slipped into the red with 2.63 million-RON (730,000-...
Electroaparataj slips into the red, with 1m-euro losses in Q1
Bucharest-based Electroaparataj stepped into the red in the first quarter of the year, after the company derived losses worth 1 million RON, even though it posted 630,000-RON profit in Q1, 2...
Greek-based Piraeus pumps 1bn euros into retail lending
The volume of loans granted to retail clients by the local subsidiary of Piraeus Bank, one of the largest financial groups in Greece, reached one billion euros at the end of the first quarte...
Cargus founders venture into other fields
They started with an Oltcit and 3,000 dollars and came to run a company whose sale value was put at 50m euros on the market. Augustin PleSea and Carmina Dumitrescu, the founders of Cargus, t...