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Adamescu changes Baumeister management to double turnover
Dan Grigore Adamescu, owner of Bucharest's Unirea Shopping Center, this year decided to restructure Prahova-based constructions firm Baumeister (which registered turnover worth 35m euros) an...
200,000 people expected to work in malls
Real estate developers' aggressive expansion plans on the domestic market will have a significant impact on the labour market, as retailers will need to hire around 200,000 people to work in...
One in twenty Bucharest residents expected to buy a car this year
Over a third of the total cars sold in Romania in the first 10 months of this year, i.e. 258,000 units, were purchased by Bucharest residents, which roughly means that one in every twenty in...
Gerocossen to see 3.4m-euro business
Romanian cosmetics producer Gerocossen, held by three Romanian shareholders, estimates turnover worth 3.4 million euros next year, up 10% against this year, after higher investments in promo...
AIG Life to launch life insurance with diagnosis in US
AIG Life, the second largest player on the life insurance market, intends to launch an individual life insurance product in the first half of next year. Since spring the company has provided...
Euro climbs to 16-month high
The euro climbed to a 16-month high of 3.65 RON on the Bucharest market and was sustained by aggressive buying by foreign investors, who closed their positions on the local market. Sources f...
Romania to lead CEE mortgage market growth
Romania's mortgage market, which is isolated from the US credit crunch, is expected to boast the fastest growth rate in Central and Eastern Europe, with improved salaries to largely aid deve...
Ascendis: We are not an easy to sell business
The market value of Ascendis, one of the leading players on the Romanian training and human resources consultancy market, currently stands at around 45 million euros, says Costea Dumitrescu,...
Compania de Factoring to double turnover in 2008
The factoring market will maintain a growth pace of around 40% in the following years, though we may see some major players enter the market as late as 2009. "For the moment, though it is ra...