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RAEF unaffected by troubled start of the year
Horia Manda, senior vice-president and chief investment officer of RAEF (Romanian American Enterprise Fund), has stated that he intends to make acquisitions worth over 40 million euros this...
Losses prevail on stock market in fourth quarter of 2007
Of the 35 non-financial companies listed on the Bucharest Stock Exchange that released preliminary results for 2007, 14 posted losses in the last quarter, while 10 reported shrinking profits...
Fotoreporter Mediafax Foto, premiat la Pictures of the Year International
Andrei Pungovschi (foto), fotoreporter la Mediafax Foto, a castigat un Premiu de Excelenta la categoria Sports Action a celei de-a 65-a editii a competitiei de fotojurnalism Pictures of the...
UPC said to consider replacing head of Romanian subsidiary
American-born Richard Anderson, 58, will be replaced as chief executive of UPC Romania - the largest cable TV operator on the domestic market. His replacement comes as a result of the declin...
Car market shows no signs of a slowdown
In January, sales of new cars soared by almost 43% against the same period in 2007, and overturned the expectations of most players on the market, after a 5% growth rate was announced. Impor...
Ardaf set to double turnover and get rid of losses
Ardaf, one of the ten biggest insurance companies on the market, plans to end this year with gross underwritten premiums worth 100m euros, double the level reached last year. "Our goal is to...
Leader of Polish constructions market buys Coifer
The largest constructions company on the Polish market, Polimex - Mostostal, listed on the Warsaw Stock Exchange, has acquired the Coifer group, one of the largest players on the metallic st...
Bostina: More of a manager than a lawyer
As law firms grow, they increasingly resemble corporations, with the managing partner becoming more of a manager and less of a lawyer. "For two years, I have not been working as a lawyer muc...
Cuprom: financial losses 11 months out of 12
Cuprom Romania, one of the leading regional players in the copper industry, posted a 380 million-dollar (277 million-euro) turnover in 2007, up by around 84% against last year, according to...