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Oracle set to hire 500 people within a year
Oracle Romania, the domestic arm of the world's biggest business software company, is set to hire approximately 500 people within a year for its Bucharest-based services and support centres....
Astra H1 turnover climbs to 57m euros
Astra Asigurari in H1 underwrote gross premiums worth almost 190m RON (57m euros), up 2.5% against the results generated during the same period of 2006. General insurance premiums rose by al...
Traffic on Targu-Mures airport set to triple
Transilvania Targu-Mures airport is set to witness passenger traffic levels of approximately 160,000 by the yearend, considering the 100,000 passenger mark is expected to be hit this month,...
A&D Pharma invests 500,000 euros to launch Respiro card
Lauren Finance IFN, a division of A&D Pharma, has launched the first credit card for exclusive use in drugstores, Respiro, with the overall investments for the product's launch estimated to...
Orange revenues, up 24% in H1, to 578m euros
Revenues generated by mobile telephone operator Orange Romania in the first half of this year soared by 24.3% against the same time last year, reaching 578m euros, amid an increase in the nu...
Vincon Vrancea, first employer to offer private pensions
Vincon Vrancea, a producer of wine and wine distillates, is the first company in Romania to provide its own employees with a voluntary private pension (pillar III) in the form of a salary be...
Lazard bank to handle Siveco sale
Siveco and the investment funds controlling 32% of its capital - Polish Enterprise Fund V and Intel Capital have retained international investment bank Lazard to look abroad for a buyer or i...
Consumer lending accelerated in May due to lower interests for RON
Consumer lending accelerated considerably in May, posting the fastest growth of the past nine months. Consumer finance gained steam as early as the beginning of spring, after witnessing a si...
Contracts with brewers drive Arca Schoeller turnover to 3m euros
Arca Schoeller Systems, which manufactures plastic packaging for companies such as Coca-Cola, Pepsi and Heineken, expects to reach revenues worth 3 million euros this year, four times bigger...