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Stephen Stead relinquishes position at the top of Terapia
The chief executive of drug maker Terapia Cluj Napoca, Stephen Stead, will relinquish his position after having reached an agreement with the new majority shareholder, the Indian company Ran...
Dodge in the TiriacAuto Park
TiriacAuto, the car division on the group of firms owned by businessman Ion Tiriac, will invest over half a million euros in the TiriacAuto Park, where, according to company representatives,...
Lidl postpones entry on the market
The network of Lidl discount stores, a part of the German group Schwartz, postponed indefinitely its plan to enter the markets of Romania and Bulgaria, stated sources from the retail market....
BCR makes 90 million-euro profit four months into the year
BCR posted 90 million euros in net profit four months into the year, an increase of some 20% compared to the same period in 2005. Assets overshot the 11 billion-euro mark, Nicolae Danila, th...
Demand in the construction sector boosts industrial output
The growth of the construction market will lead to a growth of industrial production, especially in the construction materials industry, the extractive industry and the metallic construction...
Battle of the banks over accounts worth several million euros
At least half a billion euros. That is how much the accounts are worth that the big banks are managing for their over 3,000 individual customers with at least 100,000 euros in cash each. Mar...
Interamerican targets the top 4 in life insurance
Interamerican intends to become one of the top four life insurance companies in Romania by the end of 2008, according to the annual report of the Eureko group, the company''s majority shareh...
Expansion brings Praktiker in the black
Praktiker Romania, the company that operates the Praktiker network of DIY stores, last year derived profit for the first time since it was set up, after increasing its rate of expansion. The...
Alum goes into the black
Alumina manufacturer Alum Tulcea, owned by Alro Slatina, logged a net profit worth over 1 million euros (3.8 million RON) in the first quarter, as compared with losses worth 4.8 million euro...