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Erste expects BCR to pay its own restructuring bill
The situation of the non-performing loans in BCR''s portfolio looks "somewhat better" than Erste Bank had estimated, Andreas Treichl, chairman of the Austrian group, said in Vienna on Friday...
Mondostar doubles investments in its stores
Sibiu-based textile manufacturer Mondostar doubled the number of stores it intends to open by the end of the year, from 5 to 10. "The Romanian real estate market sometimes behaves in very st...
Microsoft will double its number of employees in the Central and Eastern
Europe over the next three years, and will very soon announce a significant investment in the region, Vahe Torossian, the vice-president for this area stated at the end of last week. Microso...
Azomures could send part of its employees home
The chemical fertilisers producer in Targu-Mures, Azomures, could send a number of employees home, until negotiations regarding the price of delivery for methane gas are completed and activi...
Remex creates its own models for higher profits
Furniture manufacturer Remex SA in Reghin estimates business and profits for this year will grow, after adjusting its strategy due to problems seen last year. "We will invest in developing o...
Flanco places its people in Flamingo
Shareholders of the group Flamingo International decided to change the membership of the Board of Directors once the transaction to acquire Flanco is completed. In January, Flamingo signed t...
PS awaits integration to boost its fleet by 50%
Trans Courier Service, an international express courier service provider, authorised service contractor for UPS, will make investments to expand its fleet by up to 50%, depending on the answ...
RBL doubles its assets
Raiffeisen Banca pentru Locuinte (Raiffeisen Housing Bank - RBL) ended last year with total assets worth 40 million euros, double the level seen at the end of 2004. The average value per hou...
5.5m-euro fines for Wrigley Romania and its distributors
The Competition Council on Monday decided to punish chewing gum manufacturer Wrigley Romania and 26 economic operators that distribute its products by fining them 201bn ROL (some 5.5 million...