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Funds manage to gain only one investor a day in Q1
The over 30 mutual funds available on the Romanian market have managed to attract only 84 investors in the first quarter, on top of the number of investors already acquired last year, accord...
Pasmatex estimates 80% decline due to tightening competition
Timisoara-based textile company Pasmatex estimates an 80% decline in profit in 2007 compared with 2006. The estimate follows a rise in production expenditures and increased competition in th...
Mail products market set to rise by over 7%
Thierry Blain, the general manager for Central and Eastern Europe with GPV, one of the major producers of envelopes on the market, says the Eastern European arm of the group will contribute...
LeasePlan to manage car fleets in Romania
Dutch company LeasePlan Corporation, one of the leading European companies in vehicle fleet management, is preparing to enter the Romanian market later this year. "We intend to start operati...
Pelican Com to make 300m-euro investment
Pelican Com, a division of the Turkish group G?rtas, wants to invest up to 300 million euros in five real estate projects in Bucharest, with projects involving the construction of homes and...
Artego's business increases to 53m euros
Artego, the Targu-Jiu based rubber manufacturer increased its business by 20.8% last year, generating 181.65 million RON (53 million euros). The net profit also increased 2.5 times, to 4.56...
Modern retail drives chocolate market to over 180m euros
Romanians ate eight chocolate tablets each last year, two tablets more than in 2005. Sales of chocolate products on the domestic market increased by 19% in terms of volume last year against...
A headhunter can make up to 40,000 euros
Tariffs operated by recruitment companies on the local market cover a wide range of margins, from 500 euros for entry-level positions, to 40,000 euros in the case of getting a top manger for...
Birkart moves to more profitable fields
Birkart Romania, a company specialising in logistical services for the ready-to-wear industry, took over the Focsani branch of German company SGT, which operates in textile quality control....