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Voestalpine: It is difficult to negotiate with over 100 landowners
Negotiations between the state and Voestalpine on the signing of a memorandum of understanding (MoU), which could pave the way for an around 5 billion-euro investment in a steel plant, are being delayed due to the demands of landowners whose plots are being ta...
RAM: To start with, we will sell voluntary pensions to corporate clients
Raiffeisen Asset Management (RAM), a company that recently launched a voluntary pension fund (3rd pillar), will start off by selling pensions to companies, relying mainly on the credit portf...
ASE faced with 15,000 drop in the number of students
"The reduction in the number of students, which will be done gradually by reducing the number of places available, is caused by an insufficient number of teachers. We now have 1,000 teachers...
Altex's Ostahie ventures on banks' turf with personal loan product
Dan Ostahie, the majority shareholder of electrical and IT retailer Altex, plans to consolidate the company's position on the non-bank financial sector through Credex by launching a "Persona...
OTP ends first half with over 5 million-euro losses
OTP Bank Romania ended the first half with a net loss worth over 5 million euros, most of which was accumulated in the second quarter, due to the increase in credit loss reserves by no less...
The biggest deal with Property Fund stock
FP is projected as one of the biggest businesses in Romania for the next decade. The fund held stakes put at 4bn euros when it was set up, plus hundreds of millions of euros in cash. The US...
Servier gains top 5 position with cardiovascular drugs
Servier, France's biggest independent drug maker, has gained a position among the top five pharmaceutical companies in Romania after it banked on cardiovascular products, given the rise in t...
UTI and Romprest win 41m-euro contract with the Post Office
UTI Facility Management and Romprest have won a contract worth over 41 million euros (148 million RON) with the Romanian Post Office, under which they will supply cleaning and maintenance se...
McDonald's pushes for expansion to cope with aggressive competition
Fast-food restaurant operator McDonald's Romania, which owns a network of 55 restaurants, is resuming the aggressive growth strategy it previously applied from 1995 through to 1999 by openin...