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Analysts: The NBR will not raise interest rates after August deflation
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable inflation progression in August and the prospect of entering a disinfl...
PwC: Manager salaries are nine times the average in the economy
The difference in salaries between the management and the national average has gone down this year compared with 2007, when managers earned 9.6 times more than the net average, according to...
Heidi: Distribution makes the difference
From the outside, the small Heidi chocolate plant in Pantelimon, close to Bucharest, does not appear to have more than a few dozen employees. However, around 150 people work here in three sh...
Centrofarm slips into the red, despite 72% growth in business
The revenues of Centrofarm Bucharest drugstore network increased 2.3 times in the first six months to 76.58 million RON (21.2 million euros), mainly as a result of the sale by the majority s...
Who is Calin Tatomir, the new CEO of Microsoft Romania?
Calin Tatomir, 46, one of the best-known managers in the domestic IT&C industry, is going to take over the position of chief executive officer of Microsoft's domestic office starting from Oc...
How Cornelia Coman became the most powerful woman in insurance
The return to capitalism and the development of businesses that did not exist on the market 20 years ago has turned Romania into the country of unlimited possibilities in terms of careers. W...
Teva: Romania is a priority within the group
Teva, leader of the global generics market, targets a 60% turnover growth rate this year, to 16m euros, and a 25% increase in 2009, as part of the aggressive strategy the Israeli group is pr...
On the move
Cetelem Daniel Boaje, CEO Francezii de la Cetelem, cea mai mare companie de credite de consum, au numit un roman la conducerea operatiunilor locale, dupa ce timp de mai multi ani afacerea s-...
BNP puts Romanian at the helm of Cetelem
France-based Cetelem, the largest consumer finance provider on the Romanian market, have appointed a Romanian at the helm of local operations, after the business was in the hands of an expat...