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Praktiker sees Romania as its biggestforeign market
Praktiker aims to reach 30 stores over the next two years, from 20 at the moment. Average investment per store stands at 8 to 10 million euros. "The company plans to consolidate its position...
Vienna Insurance buys BCR out of its insurance business
In a sweeping move, Vienna Insurance group has taken over the two insurance companies owned by BCR - BCR Asigurari and BCR Asigurari de Viata. The Austrian-based insurer bought the entire in...
How A&D Pharma became the largest firm in its field
A&D Pharma, the largest Romanian pharmaceutical company, has changed its organisation structure in order to tap into regional markets. Whereas, until 2007, A&D Pharma consisted of two divisi...
Sortilemn sells 70% of its output to IKEA
Sortilemn, one of the leading furniture producers on the domestic market, forecasts turnover worth 35 million euros this year, the same level as in 2007. Last year, the Gherla-based manufact...
Impact sheds 65% of its market value in just three months
The stock of Impact Developer & Contractor (IMP), the only real estate developer listed on the first tier of the Bucharest Stock Exchange, has lost about 50% since the beginning of the year,...
Jardine, Wolf Theiss: The market has its ups and downs
With American-born managing partner Bryan Jardine at the helm, the Bucharest office of Austria's Wolf Theiss law firm has become the second biggest after the office in Vienna. However, Bryan...
CSSPP offers voluntary pensions to its employees
The Private Pensions System Supervisory Commission (CSSPP) has decided to contribute to a voluntary private pension fund (3rd pillar) on behalf of its employees, as part of a benefits packag...
UPC parts with its CFO after 7 years
On February 1, Dragos Tanase, 35, relinquished his position as chief financial officer of UPC Romania. According to UPC officials, it was Tanase who decided to leave. "Dragos Tanase, Chief F...
Distribuitorul IT&S: laptop-urile au avut o crestere de 200%
Compania IT&S (International Transactions & Services) Bucuresti, distribuitor de produse IT, si-a majorat cu 5 milioane de euro tinta de afaceri pentru 2008, la 35 mil. euro, mizand pe evolu...