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Stefanel aims for higher market share
Stefanel, the first international company that directly entered the Romanian apparel market 17 years ago, estimates the market will expand this year amid the arrival of international players...
Raiffeisen analysts: higher NBR interest rate brings slower credit increase
The decisions of the National Bank (NBR) to increase the monetary policy interest rate, combined with a slower economic growth in the 2008-2009 period will primarily affect the dynamics of l...
Covalact forecasts 15- 20% higher turnover
Covalact, one of the largest dairy producers on the local market, held by private equity fund SigmaBleyzer, has budgeted turnover worth 24 million euros for this year, after reporting an ove...
Banca Transilvania registers 65% higher income in Q1
Banca Transilvania (TLV) reported gross income worth 60.26m RON (16.3m euros) in the first quarter of this year, up 65% on Q1 2007. The Q1 growth rate in profit is double the rate forecast f...
Argus Constanta forecasts 4 times higher profit
Argus, the Constanta-based vegetable oil producer, estimates gross profit worth 20.8 million RON (5.7 million euros) this year, almost four times higher than last year, according to the comp...
Higher appetite for credits in RON
The population's appetite for consumer credits in RON went up significantly in February, after volumes registered an almost two-fold increase against the previous month in absolute terms. Co...
TMK-Artrom expects 42% higher business
Steel pipes maker Artrom Slatina (ART) has budgeted 742 million RON (212 million euro) turnover for this year, an increase of 42% on 2007. Company representatives estimate the profit will go...
Higher interests unable to persuade clients to save more
The increase in deposits made by individual clients both in RON and in foreign currencies continued to slow down in February, and reached one of the lowest levels of the past year. Deposits...
Marsh budgets 25% higher revenues
Marsh, a leading insurance broker on the local market, has budgeted a revenue increase of 20-25% for this year, set to reach around 7.6 million euros. In 2007, the broker, which exclusively...