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Nokia to spend 200m euros on Cluj-based plant
Nokia intends to invest 200 million euros in a mobile telephone factory and a research centre in Cluj. The final discussion between representatives of the County Council and those of the Fin...
Arctic banks on exports to boost turnover
Arctic Gaesti, the largest domestic home appliance manufacturer, derived turnover worth 194 million euros last year, up 30% compared with 2005. The 60% rise in exports, to 741,000 units, was...
Record high in non-residents' acquisitions on BSE before correction
The net acquisitions of foreign investors on the Bucharest Stock Exchange reached a record high in February, a figure standing at more than 90 million euros, close to the figure invested in...
Gallaher sales up by over 30% on the local market
British company Gallaher, one of the world leaders in the tobacco industry, last year saw a 30.2% increase in the volume of sales on the Romanian market, pushing its market share up to 3.4%,...
Sharpest decline in a single day on the Stock Exchange
The Bucharest Stock Exchange felt the second wave of decline that hit the international capital markets yesterday. The BET index lost 5.2%, a decline exceeded only by the decline of the stoc...
Pet owners spend 40m euros a year on pet food
The market of dog and cat food will exceed 40 million euros this year, up by around 5% against last year's figures, according to Euromonitor estimates. The over 15% growth rate of dog and ca...
Otter Distribution introduces Fila on Romanian market
Otter Distribution, the company that distributes the Otter shoes as well as the Geox brand introduced the Italian sportswear brand Fila on the domestic market this year. "We currently have t...
On the move
Xerox Florin Sudor, distributor manager Romania si Republica Moldova Florin Sudor, 26 de ani, s-a alaturat recent echipei Xerox, ocupand pozitia de distributor manager Romania si Republica M...
Pambac banks on sales worth 49m euros
Pambac Bacau, one of the main producers in the milling and bakery industry recorded a turnover worth 41 million euros last year, up 32% against results reported in 2005, and a net profit of...