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A&D Pharma to absorb Bulgarian distributor
A&D Pharma, the largest domestic pharmaceutical company, could by the end of this year, could integrate Bulgarian drug distributor Arishop Pharma into its own business, a company controlled...
Headhunters can make up to 100,000 euros from recruitment
The recruitment of a Romanian manager can cost up to 25,000 euros, while in the case of expat managers, costs can be four times as high, depending on the salaries involved. "For a general ma...
CMU to invest 20m euros in aggressive expansion
Medical services provider Centrul Medical Unirea (CMU), which last year entered the portfolio of investment fund 3i, will invest over 20 million euros this year to expand its clinic network,...
Gecsat will invest 6m euros to expand production
Tarnaveni-based Gecsat, a manufacturer of aluminium and PVC trim, intends to invest around 6 million euros this year to acquire and install machinery to manufacture glass mineral wool. "We i...
BT takes 20m euros from DEG to fund SMEs
Banca Transilvania (BT), the fourth largest bank in the system in terms of assets, has taken out credit worth 20 million euros from German fund DEG. The bank will use these funds to sustain...
Turabo to pursue expansion
Tudor Dragomir Niculescu, owner of the Turabo coffee shop chain, estimates his event centres will generate turnover worth up to 2.8 million euros, i.e. 20% of the turnover budgeted for 2008....
Banks revert to two-digit interests to boost savings
The hunger for RON is persuading more and more banks to offer 10% interest rates on RON deposits, as well as monetary rewards to clients that save over the coming months. BRD, the second-lar...
Cadbury brings new head to the helm of Kandia-Excelent
British producer Cadbury Schweppes, which last year took over local sweets producer Kandia-Excelent, will appoint Jose Bonito as country director for Romania, who will succeed Sorin Alexandr...
Plus Discount network to reach 80 stores in a year
The Plus discount store network plans to expand by 25-30 stores on the local market by the end of the next fiscal year (April 30th 2009), through investments estimated at 1.5 million euros f...