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Head of CSA replaced
Nicolae Crisan, chairman of the Insurance Supervision Commission (CSA), will be removed from office and replaced by Angela Toncescu, formerly the president of Asirom and the current manager...
Cris-Tim wants to fill gap left by the closing of 600 plants
Radu Timis, chairman of Cris-Tim group, the most important player in the charcuterie industry, says the bankruptcy of more than 600 plants that are not compliant with the European standards...
War of the malls in Cluj
Polus Transilvania will this week start construction of the Polus City Center shopping centre, an investment estimated at 140 million dollars. "The construction of the retail centre will be...
BET index fall annihilates gains of BSE investors
The Stock Exchange witnessed a new abrupt fall yesterday, with the BET index dropping below last year's level for the first time in 2006. The BET index gauges the performance of the most imp...
Austrians forced to sell 11.7% of Armatura Cluj
The Austrian company Herz Armaturen will sell 11.7% in the manufacturer of taps for household use Armatura Cluj-Napoca, out of its current 44.7% stake. The 11.7% stake is now worth over 0.5...
Luxury cars arrive in Romania ahead of Europe
The growing number of wealthy customers willing to pay hundreds of thousands of euros to buy a Porsche, Rolls-Royce, Maserati or Maybach has made domestic importers rush to present the new m...
Bere Mures targets 7% of mineral water market
Bere Mures targets 7% of mineral water market
Misu Negritoiu takes the reigns of ING Romania
Misu Negritoiu takes the reigns of ING Romania
AVAS freezes accounts of over 5,500 companies
The State Assets Resolution Authority (AVAS) has frozen the accounts of over 5,500 private capital companies, whose debts to the institution exceed 17.5 million RON. The companies have debts...