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Altex wants to bring back customers who shop in Hungary
Electronics retailer Altex, which saw a 20% decline in turnover last year, estimates it will close the 2006 financial year with a 0 to 1% profit margin. "We hope to achieve a profit margin o...
Gregory's set to open 5 new outlets
Greek fast-food chain Gregory's Romania this year plans to expand by opening four new outlets and a franchised outlet, all located in Bucharest. According to the information previously avail...
GSK intends to halt market share decline
The launch of new products, the development of vaccines, along with the production of a new drug at the plant in Brasov, are the prime targets David Lechleiter, the new general manager of Gl...
HVB Tiriac's private banking portfolio up to 160m euros
The private banking customer portfolio of HVB Tiriac doubled last year, reaching an asset volume worth 540 million RON (almost 160 million euros), according to the data published in Buchares...
Schieffer to expand production capacity
Schieffer Romania, a division of the Austrian automotive components producer, estimates a 50% increase in its number of employees in 2007, to 100 people, and plans to invest in expanding its...
Medeus to produce charcuterie for children
Medeus charcuterie producer, which registered a turnover worth 25 million euros last year, is set to raise its marketing budget by 20% this year, earmarking 1.2 million euros for product pro...
ARB in talks to establish the Banking Mediator
Individuals or small firms that suffered a loss or encountered other problems after resorting to a bank's services will have the possibility to receive a maximum compensation worth the equiv...
SIFs to collect 59m-euro dividends from BCR, BRD and Petrom
The SIFs (Financial Investment Companies) will collect dividends worth a total of 200 million RON (59 million euros) from BCR, BRD and Petrom this year, around 17% higher than last year. The...
Renault Group to invest 266m euros in 2007
The Renault Group will invest some 200 million euros in Automobile Dacia in 2007, on top of which a further 66 million euros will be invested in the future gearbox manufacturing plant, the R...