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Farmexpert to merge branches and use hedging as protection to foreign exchange risk
Pharmaceuticals distributor Farmexpert, one of the main players in its industry, has secured part of its cash flow this year by using bank hedging, with the value of the contracts to stand a...
Celco: Romanians don't want to be bought by Romanians
Nicolae Dusu, chairman of Celco Constanta, the biggest Romanian-held company on the aircrete market says that he has been probing the market in search of potential acquisition targets but "R...
New factory to boost Tymbark's production capacity 30%
Tymbark Maspex, a Poland-based company, which will finalise its second factory in Romania in September, estimates a 30% increase in its juice production capacity, as a result of the investme...
Sodexho: Small firms have less time and money to motivate employees
The reason for this decision is that the penetration of the voucher system is four times lower in such companies than in multinationals. "The penetration rate of vouchers (luncheon vouchers,...
MediaCom expects growth to slow down
MediaCom one of the top ten players on the market of media agencies estimates the business growth to slow down to 20% this year, compared with 2007 when it went up 34.5%, to 33 million euros...
General Electric gets close to 1,500 employees in Romania
"We are hiring about 200 people a year. I think this is a solid growth rate. GE has experienced a gradual increase on the market, given that it started out with two people in 1984," says Cri...
Blue Air owner wants to take over Iptana
Businessman Nelu Iordache, the owner of Blue Air airline and manager of Romstrade, wants to take over Iptana Bucharest, where he is a minority shareholder for 13.5 RON/share, which puts the...
Farmec Cluj increases profit by 36% to 1.5m euros
Farmec Cluj, the biggest Romanian-held cosmetics producer posted 1.5 million euros in gross profit in the first half of this year, an increase of 36% against the same time last year, when it...
BNP Paribas Lease to grant 10m-euro funding
BNP Paribas Lease, the newest player on the leasing market, part of the French giant BNP Paribas, estimates it will grant 10 million euros in funding by the end of the year. The company will...