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Prista Oil wants 30% of lubricants market by 2010
Bulgarian lubricant manufacturer Prista Oil, present on the local market for over ten years, intends to double its market share in around two years, and secure the No. 1 position among lubri...
Investors withdraw over 60% of Premio fund's assets
Equity fund Premio, managed by Pioneer Asset Management, was left with assets worth just one million RON (277,000 euros), after investors withdrew 2 million RON (550,000 euros) from the fund...
In four months, bankers make half of last year's profit
Banks have continued their race to derive an annual profit worth one billion euros, after they derived almost half last year's overall net profit, worth around 825 million euros, four months...
In anticipation of Sandero, Dacia's sales drop 38% in May
Dacia sales on the local market fell by almost 40% in May compared with the same time last year and reached a volume of 7,740 cars, according to data provided by the Renault Group. According...
Tnuva appoints Israeli of Romanian origin as CEO
Shmulik Porre is the new chairman and CEO of Tnuva Romania, the local branch of Israeli dairy producer, which started local operations last year. Tnuva Romania has been led by Yoram Israeli...
Steel and aluminium producers reap the benefits of price hikes
The rising prices of raw materials coupled with fluctuating quotations for steel and other metals had a serious impact on steel and metallurgic industry producers last year. Nonetheless, the...
Gerovital estimates to hold 11.4% of the cosmetics market
The Gerovital local cosmetics range, produced by Farmec in Cluj-Napoca, holds an 11.4% share of the cosmetics market in terms of value, and ranks fourth after international brands Nivea Visa...
How to get 60% of a pension from private funds
An employee can get at least 60% of their pension from private pension funds if they save at least 100 euros per month in a voluntary pension fund. Such a contribution to a voluntary pension...
Online sales of air and rail tickets boom
The online booking of air and rail tickets is becoming increasingly popular among Romanians who prefer to spend their time doing other things than running from one agency to another in searc...