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Rating upgrade from Eximbank and OECD
Eximbank - US and the Organisation for Economic Co-operation and Development (OECD) have upgraded Romania's rating from 5 to 4, Jonathan Marks, the US Embassy commercial attaché in Bucharest...
Finance Ministry and National Bank decide to slash four zeroes from ROL's tail
Four zeroes will be slashed from the ROL's tail next spring. Consequently, the current 10,000 ROL bill will metamorphose into a 1 ROL coin, which can only be found in the safes of commercial...
Corporate respectability, hard to earn and even harder to keep
As the corporate scandals and frauds are making headlines all over the world, another group of companies is calmly heading for success, without losing public esteem. At a time when turbulenc...
Fairy and Herbal Essences push P&G turnover to $120m
Procter & Gamble Romania (P&G), the local division of the American consumer goods producer, logged more than $120 million revenues last year, general manager Matthew Price said. Turnover in...
Bosch and Honeywell boost Compa's turnover
Automotive parts maker Compa Sibiu will witness a strong sales growth this year from 990bn ROL ($30 million) in 2003 to 1,700bn ROL (more than $45 million), due to the contracts closed with...
Emporiki Bank: new name and strategy
Commercial Bank of Greece (Romania) has changed its name to Emporiki Bank - Romania early this year, following the main shareholder's decision to promote internationally the name of the inst...
Industry and trade revenues on the rise
The companies dealing in industry saw 5% turnover growth in the first eleven months of last year in real terms, compared with the same time in 2002. The data supplied by the National Statist...
Sensiblu and Mediplus exceed 100m euro sales
A&D Pharma, the company that owns the Sensiblu drugstore network and the medicine distribution company Mediplus, estimates to have made over 100 million euro turnover in 2003, 25% more than...
Aectra to dust Ukrainian and Moldovan crops
The Aectra Group, best known for its pesticide production and trade in synthetic fibres and plastic, will open two branches in Ukraine and the Republic of Moldova this year, following a simi...