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Romania's biggest hotel triples profit to 14m euros
JW Marriott Bucharest, the biggest hotel operating in the capital city, recorded the highest profit on the hotel market in 2005. Societatea Companiilor Hoteliere Grand (GHES), which manages...
Contact centre and business outsourcing market to reach 350-500m euros
In five to ten years, about 50,000 Romanians will be working in the contact-centre and business outsourcing industry, Florin Talpes, general manager of Softwin told ZIARUL FINANCIAR. There a...
Turbomecanica shares go to managers
Members of the Turboact association, who control the majority stake in Turbomecanica Bucharest, have decided to dissolve the association and redistribute the shares held by its members. Amon...
Vladescu promises to sell T-bills
Starting this autumn, the Ministry of Finance will resume sale of T-bills on the market to fund the 2% of GDP deficit. "Two or three months after the new budget adjustment, we will start to...
IMF sends new representative to Bucharest
The Spaniard Juan Fern?ndez-Ansola will be the new representative of the IMF in Bucharest, replacing Graeme Justice, who is ending his term in office. Ansola has handled the Fund's relations...
Klaas Postema to give up his position at Zentiva
The general manager of the drug maker Zentiva SA (former Sicomed), Klaas Postema, intends to give up the position he holds in the company, sources from the market told ZIARUL FINANCIAR. "Kla...
Druxlmaier sends 300 Romanians to Mexico to open a plant
"It's important for us to have cheaper labour force, but we are more concerned about employee motivation than the low costs," stated Ferdinand Zilcher, managing director for Romania with Dru...
Seroussi prefers losses to loss of foreign customers
Businessman Joseph Seroussi, one of the most important producers in the textile industry, will focus more on the domestic market on short term in order to offset the negative effects of the...
Finance Ministry to propose upward revision of deficit target to 2%
The Finance Ministry will propose the Government to endorse a second budgetary adjustment next week that should take the deficit target for this year at 2% of GDP, compared with the 0.9% end...