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Ecaterina Craciun
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2012
- Articles
- 19.828
CFR Marfa To Start Layoff Of Over 2,000 Employees Next Week
Romanian Transport Minister Dan Sova said Thursday that freight railway carrier CFR Marfa will set off the layoff process of over 2,000 employees next week, due to the company’s unfavorable...
GSK Fails To Find Buyer For Its Europharm Plant in Brasov, Sets Off Shutdown Procedures
British pharmaceutical group GlaxoSmithKline (GSK) has decided to close down its medicine production line in Brasov, central Romania, after it failed to find a buyer, the company said in a s...
Romania And IMF Fail To Agree On Cutting Social Security Tax As Of July 1-Sources
The Romanian Government and the International Monetary Fund (IMF) have failed to reach an agreement on the lowering of the social security contributions by five percentage points as of July...
Accor To Open First Mercure Hotel In Romania This Fall
French hotel group Accor expands its presence on the Romanian market with a new brand, Mercure, by opening a hotel in downtown Bucharest this autumn.
ASF: Damage Claims Up 1%, Underwritten Premiums Down 3.4% In 1Q/2014
Insurance companies in Romania paid damage claims of RON1.31 billion in the first three months of 2014, up 0.93% on the year, while revenues from underwritten premiums fell 3.4% to RON2.05 b...
Bucharest Stocks Open Mixed In Quiet Trade
The trading session on the Bucharest stock exchange was quiet Thursday morning, with few shares posting significant moves and low traded values reaching just 2 million lei (EUR470.398).
Romania Seeks Financing In China For Energy And Road Infrastructure Projects
Romanian Economy Minister Constantin Nita met Wednesday in China with the vice-president of the Industrial and Commercial Bank of China, the world’s largest bank by market capitalization, an...
Profi Opens First Modular Store In Romania
Discount retailer Profi opened its first modular store in Romania, in the central-northern city of Sighisoara, reaching a 227-store network locally.
Labormed Posts 61% Higher Sales, 84% Lower Loss In 2013, 1st Year Under Alvogen’s Control
Sales of Romanian generic drug producer Labormed Pharma surged nearly 61% to 141.8 million lei (EUR32 million) and its loss narrowed by 84% to RON18 million in 2013, the first year under the...
Arad-based Industrial Park Cefin Put Up For Sale For EUR26M Debts
The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer...
Posta Romana Gets New Executive Board, Interim GM
The shareholders of Romanian state-run postal operator Posta Romana sacked the company’s general manager Ion Smeeianu and appointed Alexandru Petrescu to this position, who will serve in an...
AVI Compact Eyes 10% Higher Sales In 2014 Due To Rising Demand For Energy Efficiency Projects
AVI Compact, provider of integrated solutions of air conditioning and installations, expects its sales to rise 10% in 2014 due to growing demand for energy efficiency projects on the corpora...