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Akrom Akal lays off half of personnel
Akrom Akal lays off half of personnel
5% of Braiconf change owner
Shares of the clothing manufacturer Braiconf Braila, were the object of a large transaction on the RASDAQ market on Monday, through which a total of 5.8% in the company's capital was transfe...
MKB to fund Romexterra's growth through sale of bonds
MKB, the second Hungarian bank to enter the Romanian market, intends to fund Romexterra Bank's development plans through syndicated loans and bond issues denominated in RON and euros, accord...
Amonil Slobozia to lay off 28% of staff
Amonil Slobozia, a chemical fertiliser producer, will lay off 231 employees, following a decision made in the Extraordinary General Meeting of Shareholders. In the EGM that took place at the...
Iasitex bets on expansion of production facilities and personnel
Iasitex, one of the top ten producers in the textile industry, is counting on the expansion of production facilities and personnel growth, at a time when most players in the sector are conce...
Socep Constanta sells a piece of property
Constanta-based harbour operator Socep has cut some of the losses it had witnessed in the first three months of the year, in the second quarter, but it may not be able to fully offset them,...
Number of bankruptcies doubles
The number of bankruptcies in the Romanian economy doubled in 2005 compared with the previous year, with about 10,000 of the 11,000 companies for which insolvency procedures were started goi...
Nestle poised to boost exports of Timisoara plant
The general manager of the Romanian branch of Nestle group, Paul Nuber, says the competitive edge of Romania in terms of low production costs, allows the company to remain competitive on bot...
Drastic cuts of budget-paid staff planned
The government is planning on making drastic cuts in the number of budget-paid employees, with the intention of saving 900m euros (1% of the GDP). The initiative is yet to be officially anno...