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Becsenescu in talks to sell passenger carrier Antares
Dumitru Becsenescu, owner of Antares group, is in negotiations to sell the passenger transport company Antares Transport, while the value of the transaction could revolve around 7m euros, ac...
KBC Consumer Finance not looking to grow overnight
KBC Consumer Finance, the consumer finance company of Belgium's KBC group, which started operating in April, estimates it will grant loans worth 20 million euros by yearend. "So far, we've g...
Petrom buys twice the volume of oil to offset stagnating production
Petrom Bucharest (SNP), the largest Romanian company, bought oil and oil products worth 2 billion RON (545 million euros) from other companies in the Austrian OMV group (its majority shareho...
Auchan to recruit 500 people for Militari hypermarket
Auchan, the French company that operates the largest hypermarkets on the local market, will hire around 800 people for two openings this year. The opening of its second store in Bucharest, l...
ING appoints Romanian CEO to the helm of insurance division
Cornelia Coman has been appointed to the helm of the largest life insurance company on the local market, ING Asigurari, with turnover worth 150 million euros last year, and will replace Dutc...
Biggest executive in pharmaceutical industry prepares to leave
Dragos Dinu, CEO of the main group in the pharmaceutical industry, A&D Pharma, is about to leave the company following talks with shareholders regarding results and performance, according to...
Braiconf tries to boost its exports
Clothing manufacturer Braiconf Braila, with turnover worth over 14 million euros a year, intends to boost its foreign sales by 5% this year, after it reported a decline in exports in 2007. C...
FMCG marketing managers earn up to 14,000 euros per month
The gross salary of a marketing manager at a multinational company in the consumer goods industry with more than 1,000 employees can reach as much as 9,000 euros per month. The entire salary...
Johnson Controls to make seats for 600,000 Logans
US-based Johnson Controls (JCI) group, a 100 million-euro business on the domestic market, will manufacture seats for more than 600,000 Logan cars, half of which will delivered straight to t...