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Head of Allianz-Tiriac: Insurers' losses will be at least as big as last year
The insurance market will see net losses at least similar to those recorded in 2007, worth almost 76 million euros, forecasts Cristian Constantinescu, general manager of Allianz-Tiriac, the...
Giusto ahead of Cappy and Prigat on still drinks segment
On the still drinks market, which increased 37% in the first half of the year against 2007, bottled water producer Borsec ranks first in terms of sales volume, after leaving behind brands of...
Volintiru leaves Relad after 4 months
Adrian Volintiru, which at the end of May this year was appointed CFO of the Relad group, the second largest player on the local drug distribution market, gave up his position to start his o...
Germans invest intensively on Romanian market
Deutsche Bahn, Deutsche Post and Deutsche Telekom, the largest companies in Germany and some of the largest players in Europe, have made their entry onto the Romanian market this year
Antibiotice makes redundant 6% of employees
Antibiotice Iasi, the third largest drug manufacturer on the local market, will lay off 100 employees this year, as part of a more extensive programme for rendering operations more effective...
Authorities take steps to revive Stock Exchange
The financial authorities and the institution that regulates the capital market have joined forces for the first time in order to take measures they regard as "extraordinary", meant to reviv...
Omilos Group manager: Retailers and developers revise plans downwards
The Romanian real estate market has been affected by the global financial crisis, which has lead to higher borrowing costs, and raises doubts among developers and retailers, which are re-eva...
Pharmaceutical market undergoes dramatic executive changes
Surprising departures and the migration of executives from companies have typified the pharmaceutical market over the past few weeks. The phenomenon has not happened before and the names of...
Mercedes-Benz sees 38% rise on stagnating market
Mercedes-Benz Romania, representative on the local market of the brands of the Daimler and Chrysler groups, posted a 38% sales increase in the first eight months of the year compared with th...