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Porsche, the first car importerlikely to join the billionaire club
Porsche Romania could become the first car importer to overshoot the 1 billion-euro sales mark on the domestic market, if it maintains a sales rate of a minimum of 4,000 units a month and re...
Targu Mures airport likely to enter into partnership with private firms
The chairperson of Mures County Council, Lokodi Edita Emoke, stated she asked the management of Transilvania airport to draw up a study on the investments needed to develop the airport, addi...
Top Genko invests 5m euros to modernise Famos Suceava
Top Genko Bucuresti company, part of Italy's Genko group, is to invest over five million euros to retool Famos Suceava, a producer of medical equipment and instruments and will make the comp...
BSE to introduce derivative trading on September 14
The Bucharest Stock Exchange (BSE) will start trading derivative financial instruments on September 14 and the first product of this type is the BET Index Futures contract, with BET, BSE's b...
Premium Auto Motors to expand dealer network
Premium Auto Motors, the only authorised Jaguar dealer on the Romanian market, aims to sell 120 Jaguar limousines this year, up 40% against last year, due to the stepped-up expansion of its...
AVAS chairman's wife appointed to Ardaf management team
Laura Atanasiu, wife of Teodor Atanasiu, the chairman of AVAS (The State Assets Resolution Authority), was appointed to the position of deputy general manager of the insurance company Ardaf...
Blue Air founder in talks to sell to Aegean Airlines
Blue Air, the largest low-cost airline operator on the domestic market and an entirely Romanian-held company, is involved in sales talks with Greek-based Aegean Airlines, with the domestic c...
Lilly's top man leaves to start his own business
Marius Savu, the general manager of the domestic unit of US drug maker Eli Lilly, intends to relinquish his position at the company and start his own business. At the moment, Savu is conside...
Seroussi cancels contract with Hugo Boss due to disagreement over prices
Joseph Seroussi, owner of J&R Enterprises, one of Romania's biggest clothing manufacturers, which employs around 6,000 people, stated that he had cancelled contracts with renowned retailers,...