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Inscut business to reach almost 7m euros
Inscut, a company operating in the field of constructions and of sales of constructions equipment, estimates a 15% increase in turnover for this year, to 6.7 million euros, according to comp...
Marriott shareholders borrow 111m euros from Erste to pay debts
The shareholders of the company that owns the biggest hotel in Romania, JW Marriott in Bucharest, want to take out a 111.2 million euro loan from Erste Austria, the new owner of Banca Comerc...
A Newcomer to Bucharest
Although I have only reached the grand age of two and half weeks I feel it is long enough to give some first impressions about life in Bucharest in my capacity as a dual nationality, semi-ex...
Diverta expands to Spain and Israel
The Diverta network, part of the RTC group, owned by businessman Octavian Radu, will expand to the Spanish and Israeli markets. "Our expansion to Spain and Israel is just an idea so far. May...
Construction materials to peak in at least 5 years
Philippe Questiaux, chairman and general manager of Lafarge Romcim, estimates the Romanian construction materials market will peak in the next decade. "The construction materials market is w...
Ericsson aims to double revenues by 2008
The Swedish producer of communication equipment and technologies aims to double its revenues in Romania by 2008, Adriana Boersma-Rodriguez, chief executive of the Romanian branch of Ericsson...
Sobis turns from IT to hotels
The management of Sobis in Sibiu, specialising in developing and implementing Lotus Notes applications, communication networks and systems, decided to expand the company''s field of activity...
SMEs'' incapability to get loans set to cost them dearly
The incapability of the small and medium-sized enterprises to get banking or governmental loans, largely caused by the lack of managerial competencies and long-term development plans will ca...
Club Air, from charters to regular flights
Italian air operator Club Air this year has started operating 42 regular weekly flights, after the liberalisation of air traffic between Romania and Italy. The strategy change will bolster a...