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Unisistem counts on direct distribution to construction sites
Unisistem Grup, a construction materials distributor controlled by Stoicea family, expects its turnover to rise by around 20% this year, to 12m euros, because of the expansion of services to...
Vinterra unable to pay debts to banks
Vinterra International wine producer, a Romanian-Dutch joint venture that owns 100 hectares of vineyard in the Dealu Mare and Vanju Mare regions, has defaulted on bank debts worth several hu...
Prima Pensie to set up voluntary pension fund
Prima Pensie, a private pension fund manager created by Slovenia's Prva group, will expand on the segment of voluntary pension management by the yearend, when it plans to launch a pension fu...
Niculae, Asirom: I won't sell to the Austrians at the same price
Businessman Ioan Niculae, who recently sold 30% in insurance firm Asirom to Austria's Vienna Insurance group, maintains he does not intend to sell the rest of the shares within the next 2 or...
Romanian personal branding, from Malaxa and Capsa to Tiriac
Almost half the world's most valuable brands are personal names - Toyota, Disney, McDonald's, Hewlett-Packard, Honda and Dell, a survey by Interbrand reveals. Nevertheless, Romanian business...
Bucharest's malls expand to satisfy Romanians' shopping appetite
The supply of lettable retail space in Bucharest's mall-type shopping centres is expected to increase by only 12,500 square metres this year, amid the expansion of already existing projects...
Actavis: 0.4 million euros to rebrand Sindan
Iceland-based Actavis has estimated that it will cost 0.4 million euros to rebrand Sindan, a drug producer that it acquired last year. The process is unfolding in several stages, from changi...
Delta Airlines to encourage passengers with a 20% price cut in September
Delta Airlines, which in June re-launched the Bucharest-New York flight after a ten-year hiatus, expects to maintain its passenger occupancy rate at 80% (a level registered during the first...
Asiban shareholders up capital by ?6m prior to sale
The four banks, which each hold 25% in insurance company Asiban - BCR, BRD-SocGen, Banca Transilvania and CEC, will increase the insurer's capital by 6 million euros (20 million RON), to 29...