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Cuneyt Turktan to be replaced?
Cuneyt Turktan, the chief executive of Telemobil, the operator of the mobile telephony service Zapp, could be replaced from his position over the coming weeks, sources close to the situation...
BRD, Raiffeisen and BCR to offer 24/7 services
The "self-banking" service model introduced by ING Bank on the market in mid 2004 and received with suspicion by the competition at the time is now being adopted by other banks, as well. BRD...
Polus pays to avert trial
Polus Transilvania, held by Hungarian TriGranit Development Corporation and businessman Arpad Paszkany is willing to pay up to 8 million euros to amicably settle the suit filed by the Univer...
Ovidiu Buluc hopes to directly compete with EU drug distributors
The general manager of drug distributor Farmexim has downwardly revised his budget in the wake of the reduction of distributor''s mark-ups. The Romanian drug distribution market will benefit...
HVB and UniCredit to forge biggest domestic leasing firm
The takeover of the German group HVB by UniCredito Italiano will also be felt on the leasing market. With total contracts worth around 300 million euros this year, HVB Leasing Romania and Un...
Infrastructure to eat up 1.4bn-euro loans
The infrastructure projects that will be carried out next year will benefit from foreign loans worth 1.4bn euros, with most of the money coming from the European Investment Bank (EIB), Trans...
AES bid up to GDP value
US-based energy group AES Corporation, which has global operations, has long-term interests in Romania, which it sees as a key market in the region, with one of the fastest growth rates, Pau...
Acquisition propels Saint Gobain to top place
French firm Saint Gobain took over the leading position on a market worth more than 40 million euros and with high growth potential, after acquiring BPB, owner of Rigips Romania. Saint Gobai...
Weltauto goes to Suceava
Porsche Romania, the importer of the Audi, Porsche, Seat, Skoda and Volkswagen brands, has decided to expand its Weltauto project to the rest of the country. The Weltauto project consists in...