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ITG make airbags for Ferrari and Dacia in Sighisoara
Airbag producer ITG Automotive Safety Ro, the former ASCI (Automotive Safety Components International Ro), based in Sighisoara, delivered around 10,000 airbags last year to the Italian sport...
Male CEOs make 30% more than female counterparts
Men at the helm of an organisation on the local market make an average of 11,600 euros (gross sum), 30% more than women who hold the same position, who earn slightly more than 8,000 euros, a...
Headhunters can make up to 100,000 euros from recruitment
The recruitment of a Romanian manager can cost up to 25,000 euros, while in the case of expat managers, costs can be four times as high, depending on the salaries involved. "For a general ma...
This year's exits make 20 new millionaires in euros
The cumulated value of exit deals conducted by local entrepreneurs reached 360 million euros in the first three months of this year, according to the data centralised by ZF. Those that creat...
Cheaper firms will make funds open purse strings
Stock Exchange corrections and the depreciation of the national currency against the euro are making Romanian companies cheaper targets for private equity funds, for which the year 2008 is h...
Asirom's managers could make as much as 5m euros a year
The members of the management board of Asirom insurance company, who will be elected in the next few weeks, will receive gross annual pays of 10,000 euros to 2.5% of gross underwritten premi...
More expensive CHF loans make Romanians shiver
Romanians with RON-denominated incomes are finding it significantly harder to pay instalments for the CHF loans they took out in the context where the Swiss currency's exchange rate has clim...
Individuals make 7.5 billion-euro profit from financial investments
Last year, individuals made more than 7.5 billion euros from financial investments (shares, bonds, dividends, deposits and foreign exchange transactions), up 65% on 2006. Profits from financ...
Electronic Arts starts to make video games in Bucharest
The largest producer of videogames worldwide, Electronic Arts (EA), is set to produce video games for computers, PS3 (Sony) and xBox360 consoles (Microsoft) in Romania, and has already rente...