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Arsene resigns as head of Bunge''s domestic operations
The manager gave up the position he had held for five years during which he developed the domestic operations of the US food giant that made several acquisitions propelling it to the leading...
Competition between dealers of the same car brand?
The general manager of Renault Nissan Romania foresees tighter competition on the domestic car market amid a market decline after the boom seen in recent years. "The question I''m asking mys...
Americans buy 11.5 hectares of land in Cluj
Emerson, a global leader in the electrical engines industry, yesterday was scheduled to sign a contract for the purchase of a plot of land of 11.5 hectares in the Tetarom II industrial park,...
GM pulls out of race for Craiova factory
General Motors has pulled out of the bidding for the Daewoo factory in Craiova and is in talks with Ford Motor Co and the Renault-Nissan alliance, the other parties interested in a takeover...
Nicolae Ivan appointed head of Property Fund
Nicolae Ivan was appointed chairman of the Supervisory Board of the Property Fund on December 23, 2005. He handed in his resignation as state secretary within the Ministry of Public Finance...
Asirom shareholders decide in favour of delisting
Asirom shareholders on Thursday decided to have the shares of the insurance company delisted from RASDAQ and rejected the application of cumulative voting for the appointment of directors, s...
And the winner (of BCR) is... Erste Bank!
Erste Bank offered 3.75bn euros for 61.88% in Banca Comerciala Romana (7.65 euros/share), which makes this sum the highest ever committed in a privatisation in Romania. The price was the onl...
Number of employees still going down
The economy lost another 17,000 employees in October, with a total of 40,000 people laid off from July through September. Industry has been hit hardest by layoffs, while the construction and...
Franz Fruehwirth: Used cars boost sales of new cars
The general manager of Porsche Romania has decided to launch the Weltauto sale system for used cars, after testing it in countries such as Austria, Slovakia, and Hungary. "We decided to ente...