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Copper Beech wants to build 17,000 homes
Diwaker Singh, CEO, chairman and shareholder in developer Copper Beach, also known in Romania for his stint with Telemobil (Zapp), wants to build 17,000 homes on a market that is showing the...
UPA has moved 25% of Italian operations to Romania
UniCredit Processes and Administration (UPA), the administrative services unit of Italy's UniCredit group, has so far invested millions of euros to select and train around 1,000 people that...
Cadbury Romania to recoup financial losses in three years
Cadbury Romania, owner of confectionery producer Kandia-Excelent, wants to recover last year's losses, worth 1.5 million euros (5.1 million RON), within 3 fiscal years, according to informat...
Bechtel to hire another 5,000 workers for motorway by 2010
American-based Bechtel, the builder of Transilvania Motorway, estimates its number of employees in 2010 will be 2.5 times higher than at present. Almost 3,000 employees are currently working...
Wipro to hire 450 people in Bucharest
The local subsidiary of Wipro, one of the largest outsourcing and software services companies in India, will reach 600 employees in Bucharest by the end of next year, from 150 at present. Ad...
FCC Construction to reach 150m-euro turnover in 2 years
Within three years, Spanish giant FCC Construction has worked its way up from a single contract to around seven projects worth approximately 200m euros, with the value likely to increase to...
Over 50% of payments to pension funds worth ?3 to 10
Most employees who joined mandatory pension funds transferred contributions that ranged between 3 and 10 euros this month, according to the data Aviva, BCR, BT Aegon and Omniasig sent to ZF....
Royalton Partners want to invest ?50m on local market
Ivan Vohlmuth, a partner with Swiss private equity firm Royalton Partners, says financial assets in Romania are the most expensive in Central and Eastern Europe. Having entered the local mar...
NBR raises key rate for the sixth time in a row, taking it to 10%
NBR's decision to raise the key interest rate on RON for the sixth time in a row, taking it to 10% a year, is making room for a new rise in credit prices, as well as for talks about further...