H1
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Banks achieve better cost control in H1
The banking system succeeded in improving cost management over the last year, so the share of costs in overall revenues fell by over 6 percentage points, from 62.73% in the first half of 2007, to 56.55% in the first half of 2008. At the end of last year, the c...
FOA investment fund loses 5.6m euros in H1
Fondul Oamenilor de Afaceri (FOA) investment fund, managed by SAFI Invest, reported 20.7 million RON (5.6 million euros) in losses in the first half of the year, after the fund lost over a t...
Carrefour Romania doubles operating income to 14.8m euros in H1
Carrefour Romania, the largest player on the hypermarket segment, in terms of turnover, doubled its operating income in the first half of the year compared with the same time in 2007, to 14....
AIG Life makes biggest profit on the market in H1
AIG Life, the second largest player on the life insurance market, posted a gross profit worth 24 million RON (over 6.5 million euros) in the first half of the year, double against the same t...
Generalcom turnover climbs 62% in H1
Generalcom Bucuresti, a company that deals in rental of real estate space, posted a 62% turnover increase in the first half of the year, to 7.31 million RON (2 million euros), from 4.51 mill...
Insurance market passes 1.2bn-euro mark in H1
Comprehensive and auto liability insurance policies account for 75% of the general insurance market, with gross underwritten premiums worth 730m euros. The insurance market went beyond 4.42b...
Foreign investments up 60% in H1
Foreign investments made in the first half of the year came close to 5 billion euros, higher than initially estimated and around 60% higher against the same time last year. They could amount...
BCR Leasing: Market up 40% in H1 to 2.9bn euros
Amid the very slow increase in car sales, leasing companies have shifted their focus towards commercial vehicles and equipment funding. The leasing market reached 2.9 billion euros in the fi...
Romanians spend 29bn euros in H1
Romanians spent around 29 billion euros in the first half of the year on goods and services, i.e. on food, energy, cars, homes and mobile phones, according to Finance Ministry data on VAT co...