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AIG Life to launch life insurance with diagnosis in US
AIG Life, the second largest player on the life insurance market, intends to launch an individual life insurance product in the first half of next year. Since spring the company has provided...
Partnership with Tnuva takes Greiner's turnover to 25 million euros
Sibiu-based plastic packaging manufacturer Greiner forecasts turnover worth approximately 25 million euros in 2007, up almost 30% on last year, when it registered 18.9 million euros, after i...
Radu Georgescu strikes his second deal with an IT giant
A consortium of seen investors, which includes an investment fund financed by the American giant Cisco - the leading supplier of networking equipment worldwide - has acquired 11.7% of the sh...
Auchan targets 22 cities with 0.5bn-euro investments
French retailer Auchan targets 22 cities with more than 100,000 inhabitants by 2010, and will continue to implement its hypermarket format with larger sales areas in order to compete with di...
Aquila Group signs contract with Zewa producer
Aquila Group, one of the largest consumer goods distributors on the market, closed two new partnerships this year, to expand its transportation activities in the EU, with DHL Euronet and Log...
CEZ: We could operate with half the number of employees
The distribution infrastructure, which lacks adequate technical equipment, is helping to keep around 3,000 employees of the former Electrica Oltenia power distributor (controlled by the Czec...
Romanian drug consumption to rapidly catch up with Western Europe
Romanians last year spent four times less than West Europeans on drugs per person. The Romanian pharmaceutical market will witness average annual growth of 13.3% by 2010, according to estima...
Israelis compete with huge investments in real estate
Two of the biggest companies in Israel, Africa Israel and Europe Israel, are set to build two multifunctional real estate projects in Bucharest (Dambovita Center and Cotroceni Park), which w...
Covalact shareholders come up with 4m euros to increase capital
Covalact, the dairy producer, which this year sold 70% to US-based investment fund SigmaBleyzer, will increase its share capital by 13.5 million RON (around four million euros), in order to...