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December private pensions deadline for 35 to 45-year old employees
Employees aged between 35 and 45 who are eligible for optional private pensions (the second pillar) in the August-November period, will fully forfeit this right in December 2007, the Private...
Petrom's Arpechim refinery forced to close
The closing down of the Arpechim refinery following the suspension of the integrated environmental authorisation by the National Environmental Protection Agency in Pitesti, generated a 4.7%...
Marcom doubles turnover to 46 million euros
Marcom company, the domestic distributor of Komatsu Japanese construction equipment brand and one of the major players on the domestic market, last year generated turnover worth 46m euros, d...
Debt collector Urban si Asociatii apply to join FENCA
Debt collection company Urban si Asociatii (Urban and Partners) has submitted the necessary papers required to join the Federation of European National Collection Association. The request is...
Mobexpert to invest 28 million euros in relocation
Mobexpert group, the largest player on the domestic furniture market will invest 28 million euros in an area near Targu Mures in order to move its production and logistics units to a new ind...
Bankers call on exporters to cover foreign currency risks
Exporters may encounter problems because they are not using hedging instruments to protect themselves against foreign currency risks, states Lucian Anghel, chief economist with the BCR. "In...
Rabobank leasing arm set to enter domestic market
De Lage Landen, the leasing arm of the Rabobank Dutch financial group, believes that investing on the Romanian market is vital to the company's long-term development. "Today's emerging marke...
Otelinox to decrease capital by 1.6m euros
Targoviste-based Otelinox, a producer of stainless steel strips and sheets intends to decrease its share capital by 5.3 million RON (1.6 million euros), to 21.3 million RON, according to a c...
Meda sees 17% sales increase due to expansion of retail chains
Charcuterie producer Meda Prod in Bucharest posted a 17% turnover increase in the first three months of this year, prompted by the regional expansion of hypermarket networks, and by the incr...