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Saff Trading targets 40% share of the toffee segment
Ciprian Scrieciu, the general manager and one of the shareholders of Saff Trading Distribution Company, has decided to create his own brand for the sweets market after he took part as a mark...
Vrancart budgets a net profit of 1.4m euros
Paper and cardboard manufacturer Vrancart Adjud budgeted a 60-million RON turnover for this year (some 17.1 million euros for an average exchange rate of 3.5 RON/EUR), a rise of some 22% aga...
Changes at the top of Unita
Wiener Staedtische insurance company yesterday replaced the management of the fifth biggest general insurance company in Romania, Unita. Therefore Dan Odobescu and Daniel Stan, the former th...
Government to discuss sale of shares to Petrom employees
The Ministry of Economy and Trade sent a memorandum to the Government about the 8% stake in Petrom set aside for employees. The memorandum suggested two options, the sale to employees or to...
CEC will only be sold for a significant amount of money
The sale of the stake in Casa de Economii si Consemnatiuni (CEC) will be done only for a significant amount of money, with the Romanian authorities reserving the right to reject all bids, if...
Romania, behind China in terms of business environment
The biggest Chinese investment in the Romanian manufacturing sector, DHS Eurosport company, is managed by Yang Xi, a former math teacher in China. The company last week opened a bike plant i...
Microsoft will double its number of employees in the Central and Eastern
Europe over the next three years, and will very soon announce a significant investment in the region, Vahe Torossian, the vice-president for this area stated at the end of last week. Microso...
Romania accounts for some 10% of Wintershall business
Wintershall-owned companies in Romania posted turnover worth over 700 million euros last year, therefore the operations in this country contributed more than 8.4% of the global sales of the...
Azomures could send part of its employees home
The chemical fertilisers producer in Targu-Mures, Azomures, could send a number of employees home, until negotiations regarding the price of delivery for methane gas are completed and activi...