OPERATIONS
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Mechel Targoviste To Resume Activity On Feb 27
Russian group Mechel on Monday announced that activity at steel processor Mechel Targoviste (COS.RO) might be resumed on February 27, since the weather conditions are improving.
Nokia To Move Romanian Operations To South Korea, India, China
Finnish mobile giant Nokia will be moving its production operations to factories in South Korea, India and China after shutting down its Romanian unit at the end of this year, said Alin Tise...
Alfred C. Toepfer Expands Grain Operations In Romania
U.S-based group Archer Daniels Midland (ADM), the world’s major grain processing company, will expand its grain origination, storage, transportation and export operations along the Danube Ri...
A Quarter Of Microsoft’s Romanian Business Comes From Public Sector
The turnover of Microsoft Romania will go up by just over 5% in the financial year that started on July 1, largely thanks to contracts with the public sector, which generate a quarter of the...
Ciurel, AXA: We Want To Become A Top Five Insurer In 3 Years
AXA Life Insurance, a company that entered the Romanian market last year, when French giant AXA took over Omniasig Life, plans to become one of the top five players on the life insurance mar...
Oltchim Returns to Pre-crisis Turnover
Chemical plant Oltchim Ramnicu-Valcea (OLT.RO), run for over 20 years by Constantin Roibu, has in the first quarter of this year reached turnover of 464.7 million lei (EUR110 million), 93% m...