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2,664 agents to sell optional pensions
The sale of optional pension products will begin with the 2,664 authorised marketing agents, according to data published by the Private Pension System Supervision Commission (CSSPP). Current...
Terapia to transfer production of some Indian-made drugs to Cluj
The export level of pharmaceuticals of leading domestic producer Terapia Cluj Napoca totalled 10 million dollars last year, 9 million dollars of which were generated by the export of Faringo...
NBR: exchange rate to set the tone for price variation
The monetary policy signals sent by the NBR (National Bank of Romania) by means of the interest rate channel, have continued to be weakened by the central bank being a net debtor to commerci...
Petrom's first quarter profit plunges 55% to 112 million euros
Petrom's turnover fell by 8% in Q1, to 815 million euros. "In the first three months we were faced with unfavourable conditions including lower oil prices and the strong appreciation of the...
CEC to sign with EBRD this week, several days later than planned
The lending contract between the EBRD and CEC (The Romanian Savings Bank) to finance SMEs will be signed this week, with a few days' delay, but an annulment of the deal is out of the questio...
Number of visitors at the CERF fails to meet organiser expectations
The IT&C fair CERF (Computers & Electronics Romanian Fair), which took place from May 9th to May 13th, organised by Expotek and held at the Romexpo exhibition centre, attracted around 60,000...
Leder & Schuh, to open 500 sqm shoe store
Leder & Schuh, the biggest Austrian footwear retailer and numbered among Europe's top six retailers, announced it would arrive on the Romanian market next year. The footwear company plans to...
Up to 20% sales target for MAN lorries importer
MHS Truck&Bus, exclusive importer of MAN lorries, has invested 6 million euros in the biggest car centre dedicated to the MAN brand on the local market. The centre takes up 12,000 square met...
Help Net: from graduation project to 55m-euro business
Started in 1998 as an MBA graduation project, with a 15,000-euro investment in the first drugstore in Timisoara, Help Net is now one of the major drugstore networks in Romania. With plans to...