Health
Romania, IMF Agree On Raising Wages For Resident Doctors, Novice Teachers In 2014
Romania’s government and the International Monetary Fund agreed on increasing the wage fund for resident physicians and teachers at the beginning of their career by 3% to 4% in 2014, people...
Biofarm To Double Production Capacity, Seeks To Develop Exports
Romanian pharmaceutical company Biofarm (BIO.RO) will double its production capacity and will enter new therapy areas with its relocation to a new plant in 2015, and plans to focus on develo...
Gedeon Richter Sales In Romania Up 11% In January-September
Hungarian pharmaceutical company Gedeon Richter registered sales of EUR107.8 million in Romania in the first nine months of 2013, up 11.1% on the year, fueled by distribution and retail, the...
Farmaceutica Remedia Turnover Slightly Up To RON177M In January-September
Pharmaceutical distributor Farmaceutica Remedia Deva (RMAH.RO) had a turnover of RON177 million (EUR40.1 million) in the first nine months, up 3.3% compared to the same period last year.
Surgeon Turned Entrepreneur Builds 16-Store Chain For Ecco
A surgeon by training, Victor Tighinean started his own business while a resident, selling footwear for medical and nursing staff. He then became a dealer of Danish footwear brand Ecco, whic...
Avon Estimates It Will Host 5000 Stores On Its Online Platform By 2014
Cosmetics company Avon estimates it will host 5,000 online stores by the end of the year on its newly launched online delivery platform where its sales representatives can set up their own o...
Farmec Sales Up 16% On Year To RON105M In January-September
Romanian cosmetics producer Farmec registered turnover of 105 million lei (EUR23.6 million) in the first nine months of 2013, up 16% on the year.
Bucharest Bourse Ends Up; Turnover Lifted Again By Biofarm Deal
The Bucharest stock exchange closed up 0.67% Thursday and a 10.67 million lei (EUR2.4 million) deal with 3.2% of the shares of medical drug producer Biofarm (BIO.RO) lifted the bourse’s turn...
SIF Muntenia Buys New Stake In Biofarm For EUR2.4M
Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday bought 3.2% (or 35 million shares) in medicine producer Biofarm (BIO.RO) for 10.67 million lei (EUR2.4 million).