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Teba Industries closes plant with 900 employees in Arad
High labour costs are driving Teba Industries group towards East Romania. The shareholders of clothing manufacturer Teba Industries have decided to close down the plant in Arad and move oper...
EOS KSI: Increasingly more clients have debts with two or more banks
The average value of overdue payments for bank credits has climbed to 700 euros, with increasingly more clients having overdue payments at two or more banks, according to George Kovacs, gene...
Advent expands d?fa Deutek's portfolio with 19m-euro acquisition
Varnish and paint manufacturer d?fa Deutek, held by American investment fund Advent International, has acquired Bengoss Comimpex, which retails dry mortars under the Bauleiter brand, followi...
Only 10 towns with over 50,000 inhabitants still untouched by mall developers
Mall developers have, over the past year, targeted cities with a population that ranges between 50,000 to 100,000 inhabitants, in their search for cities still untapped by their competitors....
Rothschild bankers tackle market together with Israelis at Ocif
The Rothschild family of bankers are poised to invest in Romania via a partnership with Israeli company Ocif Group, which targets projects worth at least 200 million euros over the next two...
Kia's importer shortens delivery time with rail transport
Dan Chitaru, general manager of Kia Rom Auto, the official importer of the Kia brand on the domestic market, says transportation by railway will allow for an increase in the volume of simult...
Real consolidates team with two Metro-trained managers
Hakan Cakici has been appointed dry food manager of real, - Hypermarket Romania, where he will supervise departmental operations. With 10 years' retail experience, Hakan started his career a...
Head of Rompetrol Moldova to coordinate relations with KazMunaiGaz
The former Prime Minister of the Republic of Moldova, Ion Sturza, gave up the management of Rompetrol Moldova, but recently took over the position of deputy general manager of the petroleum...
Cefin to develop 7 industrial parks with 500m euros
Cefin Holding, controlled by the Albarosa family and by Valad Property Group, (an Australian investment fund) will develop a network of 5-7 industrial parks, in the cities with over 100,000...