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Alpha Bank wants to fund municipalities
Alpha Bank Romania will start to fund medium-sized municipalities this year, says Radu Ghetea (photo), vice-chairman of the bank. In order to sustain this project, the bank contracted a spec...
Petrom tries to cut down costs at refineries
Petrom will invest one billion euros over the next five years to retool and slash production costs of Arpechim Pitesti and Petrobrazi Ploiesti refineries. The company''s management on Monday...
Solution proposed for SIFs to address shareholder dispersion issue
Over 9 million participants to the Mass Privatisation Programme could soon pay some of their taxes to the state not with cash but with shares. It is about the residual shares in SIFs, which...
Prescon group to hit 150m euros
The Brasov-based Prescon group of firms has budgeted a 50 percent higher turnover for this year, according to businessman Ioan Neculaie, owner of the group. The Prescon Group comprises sever...
Aerotravel to boost number of charters
Aerotravel, one of the top five travel agencies, estimates revenues from the sale of holiday packages will come to account for 20% of turnover. Antonio Nitu, 35, has been running Aerotravel...
Intercapital Invest hopes to float in three years
Brokerage firm Intercapital Invest Bucharest intends to have its own shares listed on the Bucharest Stock Exchange in three years. It is thus following in the footsteps of Cluj-based Broker,...
Spanish manager to replace Oliver at Carrefour
Carrefour Romania will be run by Jacobo Caller Celestino, one of the managers of Carrefour Spain, starting this month, after Francois Oliver was general manager of the company for the last s...
Catarama resorts to layoffs to reposition on furniture market
Elvila, the largest domestic manufacturer of furniture, controlled by businessman Viorel Catarama, will lay off nearly 10% of its staff this year. Catarama is relying on the personnel cutbac...
DHL to become supplier of integrated logistics services
Alexandru Gheorghe, the commercial manager of DHL Romania, the international express delivery company, believes there will be no change in how the main players are positioned in the shipment...