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Nitescu to put up for sale Ultex Tandarei
Businessman Vasile Nitescu, the owner of Ultex Tandarei, one of the leading vegetable oil producers on the domestic market, has decided to sell the business, a sale that will also include hi...
Two companies within Mobexpert group to merge
Suceava-based furniture manufacturer Moldo Mex is to be merge by absorption with Stratus Mex, with both companies being held by businessman Dan Sucu, the owner of Mobexpert. According to a d...
Bombardier considers exporting to Turkey or Hungary
Swedish constructor Bombardier, which registered sales of 4 billion dollars in the first quarter of this year, could extend its partnership with Electroputere Craiova, where underground trai...
Uniqa Group interested to buy more stock in Astra
Uniqa, the Austrian group that became the majority shareholder of Astra-Uniqa, maintains that it is interested in buying up more stock in the insurance company, depending on its performance....
Cefin revises turnover estimates upwards to 250 million euros
Cefin Holding Romania, a developer of logistics space and a retailer of commercial vehicles, has changed the estimates for the business of its vehicle division at 250 million euros for this...
A further 23% stake in Astra sold to Austrian-based Uniqa
Austrian group Uniqa has become the majority shareholder of Astra-Uniqa, after signing a contract for the purchase of a 23% stake in the company with businessman Dan Adamescu. In the summer...
Leumi to add $65m to its capital
Bank Leumi's share capital will be raised by $65m (49m euros) to $100m (75m euros), in the wake of the bank's expansion on the domestic market, reads Globes Israeli publication. The bank is...
Genpact to hire several hundred people in Cluj
Business service and technology solutions provider Genpact, a division of General Electric, will open its second Business Process Outsourcing (BPO) centre on the Romanian market in Cluj Napo...
IMF: Public sector wage raises are to blame for inflationary pressure
Excessively rapid wage increases in the public sector are believed to be responsible for an increase in demand and for the reappearance of inflationary pressure, experts of the International...