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IKEA closes Siret plant and lays off 400
Swedish furniture producer Swedwood, held by the most powerful furniture and interior decorations retailer in the world, IKEA, closed its only furniture factory on the Romanian market at the end of last month. "We've been having very serious problems for a whi...
Brokerage companies lay off staff amid Stock Exchange crisis
Prime Transaction, Confident Invest and GM Invest - three medium-sized brokerage companies on the Stock Exchange, have closed ten agencies over the last two months, and have laid off around...
Brussels puts off competition verdict on Erste-Vienna Insurance deal
The European Commission has extended until June 17 the preliminary examination period for a 1.4 billion-euro transaction that will see Erste Bank, the majority shareholder of the BCR, sell i...
Private pensions firms start off on the wrong foot with 50m-euro losses
Mandatory private pension companies (pillar II), initially touted as the business of the next decade, ended last year with overall losses worth almost 50 million euros (164.8 million RON), a...
E.ON Gaz threatens to cut off gas supply
From the third quarter of the year, E.ON Gaz Romania intends to increase gas prices by 19%, otherwise the level of imported gas will be reduced, which could mean some consumers' gas supplies...
Domestic alternative energy business to take off
The Romanian market of alternative energy systems, which according to European statistical surveys currently stands "at zero", has a huge potential because of the inefficiency and high costs...
Perini, Romstal: Transparency pays off
Enrico Perini, the chairman and majority shareholder in Romstal, a group of firms with annual turnover worth above 300m euros, says the best policy for the company is to ramp up its presence...
Land Rover Freelander 2, un off road premium pentru oras
Segmentul SUV-urilor compacte a captat in ultima perioada din ce in ce mai mult atentia producatorilor internationali. Cititi in numarul de maine al ZIARULUI FINANCIAR cum au realizat produc...
Consumer lending cools off in Q4
The appetite for consumer loans slaked toward the end of last year. In December, the volume of consumer finance advanced by only 1.4%, compared with monthly paces of almost 10% seen at the m...