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Certinvest to transfer know-how to Aviva fund
Voicu, who has 13 years' experience in mutual fund management, will be in charge of investment decisions of Aviva's new pension fund. Besides the pillar II mandatory pension fund, Certinvest...
Nine-month results fail to halt stock market's downward trend
Most large companies that have filed reports with the Bucharest Stock Exchange so far have posted weaker results in the third quarter against the same time last year. The nine-month financia...
Romanian drug consumption to rapidly catch up with Western Europe
Romanians last year spent four times less than West Europeans on drugs per person. The Romanian pharmaceutical market will witness average annual growth of 13.3% by 2010, according to estima...
SoftNet Grup: Companies forced to recruit beginners
The large number of IT&C multinationals that have entered the Romanian market, which require more personnel than is available on the market, has prompted a strong wage increase and caused a...
Carpatcement to invest 55m euros in Bicaz plant
Carpatcement Holding, the domestic unit of Germany's HeidelbergCement group, is set to invest 55m euros to start and modernise the second production line of Bicaz plant, currently under cons...
Garanti Bank plans to more than double assets
Garanti Bank, the domestic arm of Turkey's third largest bank, is attempting to pursue aggressive growth on the retail segment and become a "top" player, after maintaining a small presence f...
New Yorker to open 7 stores by 2008
New Yorker, one of the largest German clothing retailers, will open three stores on the Romanian market this year, in Cluj Napoca, Sibiu and Bucharest, and plans to continue its expansion in...
Cora owner brings Match convenience stores to Romania
The Louis Delhaize group, which holds the Cora hypermarket network and the discount store Profi on the Romanian market, will enter the convenience stores sector with Match convenience stores...
Lufthansa heading to 15% market share in 2008
Stefan Versemann, the new general manager of Lufthansa Romania, which is among the top three foreign airlines on the Romanian market, says the main targets for 2008 are boosting market share...