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Manea: Working in a multinational compares to public red tape
The working system in multinational companies can be compared to the red tape that is specific to the state institutions, believes Dan Manea, who took over as HR head for Northern Europe of...
Rising oil prices add 40% to top four players' turnover
Petrom, Lukoil, Rompetrol and MOL Romania, the top four players on the Romanian market, whose sales account for over 90% of all petrol and diesel oil sold domestically, posted record figures...
Foreign debt rises 40% in one year to 44.8bn euros
Romania's medium and long-term foreign debt reached 44.8 billion euros at the end of the first half, an increase of 42% against the same time in 2007, while the current account deficit rose...
Water bottlers struggle to attain 2007 sales peak
After a milder-than-usual summer, the mineral water market increased just 11% in terms of volume in the first seven months of the year against the same time last year, half of the water bott...
Omniasig Pensii: Mandatory pensions to surge in autumn
Around 250,000 university students graduated this year, but not all will join a pension fund because some are already working, whist others will continue their studies and not get a job. How...
Hagi invests 4m euros to upgrade Iaki hotel to 5-stars
At present, the Iaki hotel is a four-star unit, with a capacity of 99 rooms, to which a further 27 rooms will be added starting next year. "The new rooms will be available from May 2009 and...
PCfun.ro doubles sales to 4m dollars
Sales of PCfun.ro, one of the largest local online stores of IT&C and electronic products doubled sales in the first half of the year and reached 4m dollars. "Amid the rather slow start of t...
Rising oil prices add 34% to Lukoil turnover
However, procurement expenses also increased and had a negative impact on the company's net income, after Lukoil Romania lost 33% of the net gains worth $17.6m (13.2 million euros), generate...
Patriciu, in talks to take over Anglo-Romanian Bank
Businessman Dinu Patriciu has entered the race to acquire the Anglo-Romanian bank, which is completely held by BCR (Romanian Commercial Bank) and was put up for sale by Austrian-based Erste...