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FATA Asigurari to expand outside agricultural insurance
The company will use its sales force to develop on the segment of non-agricultural insurance, which is expected to account for 50% of its portfolio by yearend. "A company that operates exclu...
CFR Calatori to repair 50 Sageata Albastra trains
Passenger railway carrier CFR Calatori will organise an auction in July, with a view to repairing 50 Desiro Sageata Albastra self-propelled trains, with the value of the contract estimated a...
C&A set to open ten stores in Romania
C&A, a major apparel retailer, with over 1,000 stores in Europe, plans to open ten stores on the Romanian market by 2010, with the first location to be launched in 2009. "In the first year,...
BCR's net profit surges 82.4% in Q1, to 382.7 million RON
Banca Comerciala Romana has derived net profit after tax and payment of minority interests worth 382.7 million RON (103.6 million euros), an increase of 82.4%, whilst assets increased 2% and...
Barlinek to triple Diana Forest's production capacity
Floorboard producer Barlinek, held by Michal Solowow, the wealthiest Polish businessman, will change the name of the Romanian floorboard producer Diana Forest, which it acquired for 23 milli...
Hewlett-Packard Romania to hire 750 people
Hewlett-Packard Romania (HP), the local division of the largest producer of PCs and printers worldwide, will hire around 750 people over the coming eight months, the majority of whom will wo...
Garanti set to triple assets
Turkish-based Garanti Bank targets aggressive growth on the credit card segment in a bid to gain ground on the retail market. Last autumn, the bank launched an electronic chip credit card as...
First three Galleria malls, to open by September
The first three Galleria shopping centres developed by Globe Trade Center (GTC) on the local market, in Buzau, Suceava and Piatra Neamt, will be opened by September this year, being the only...
Ecolor sees 30% turnover increase from sales to IKEA
Cluj-based Ecolor, which manufactures furniture exclusively for Swedish group Ikea, posted an over 4.3 million-euro turnover in the first three months of the year, up 30% against the same ti...