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Eximtur posts 14m-euro sales in July and August
Eximtur, one of the leading tour operators on the local market, posted 33 million-euro turnover in the first 8 months of the year, whilst this year's forecast points to 45 million-euro turnover, up 29% against 2007 and above the initially budgeted turnover of...
Tight battle among importers of Ford, Renault, Skoda, and VW for top spot
Whereas last year Renault won the "race" of imported automotive brands, with 6,000 cars more than its second place competitor, this year's ranking will most likely be decided in December, as...
IKEA closes Siret plant and lays off 400
Swedish furniture producer Swedwood, held by the most powerful furniture and interior decorations retailer in the world, IKEA, closed its only furniture factory on the Romanian market at the...
City Mall changes manager and turns leisure areas into offices
At the end of 2006, City Mall shopping complex in Southern Bucharest was valued at 88.2 million euros, 15 million euros below the price paid by the Australians at APN/UKA, the current owners...
Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and...
BCR, BRD and Raiffeisen accumulate 80% of banking system profit
The top three banks in terms of assets - BCR, BRD-SocGen and Raiffeisen Bank, accounted for 80% of the profit derived in the banking system in the first half of the year, a total of 421 mill...
Seat: old and new Ibiza models both in demand
Bogdan Militaru, Seat brand manager at Porsche Romania, the largest automotive importer in terms of turnover, says the launch on the local market of the new Ibiza has not affected sales of t...
Richter Gedeon's growth, fuelled by Romanian, Russian and Polish operations
Hungarian drugs manufacturer Richter Gedeon anticipates its development to be spurred by operations in Central and Eastern Europe, including those in Romania, given that the situation on the...
AAA Auto loses 1.2m euros in Romania and the Netherlands
AAA Auto, a company that sells second-hand cars on European markets such as the Czech Republic, Poland, Hungary and Romania, posted 1.25 million-euro losses at its Romanian and Dutch divisio...