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Catarama resorts to layoffs to reposition on furniture market
Elvila, the largest domestic manufacturer of furniture, controlled by businessman Viorel Catarama, will lay off nearly 10% of its staff this year. Catarama is relying on the personnel cutbac...
Romanian real estate market, Western pensioners'' heaven
Romania''s EU integration will generate significant moves on the Romanian market, especially owing to the fact that the country will become an intermediary area for the populations of countr...
Consulting services market, 280m euros last year
The Romanian consulting services market witnessed considerable expansion last year, to 270-280 million euros according to some estimates, due to economic growth and the forthcoming European...
Germanos wants to buy market rivals
GSM equipment and accessories retailer Germanos is preparing a rapid expansion on the Romanian market, as the company''s goal is to own twice as many stores by March next year. This strategy...
Turabo enters event market
Tudor Dragomir Niculescu (26), owner of the Turabo Cafe chain, will expand his business by another 10 coffee shops and a new concept of event halls, Turabo Grand Ballroom, this year. The own...
Ranbaxy closes biggest transaction on pharmaceutical market
Indian pharmaceutical company Ranbaxy acquired drugmaker Terapia Cluj-Napoca for 325 million dollars (approximately 270m euros). The seller is investment fund Advent International, which bou...
Beer market stays at 600m euros
Beer consumption last year saw a 4.7% increase to 15.2 million hectolitres due to a 43.5% increase in sales of beer in PET bottles compared with 2004. The increase of consumption in the PET...
Broker Cluj enters forex market
Broker Cluj will be the first brokerage company to offer its clients the opportunity to conduct forward transactions on the exchange rate on the interbank market. Broker will soon select two...
Yacht market to triple by 2010
The number of yacht owners will triple in five years'' time, according to representatives of the companies that operate in this segment. The small club of yacht owners currently comprises ab...