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Personnel cuts bring Siretul back in the black
Siretul Pascani, a textiles producer, ended the first quarter of this year in the black, having registered a profit of around 73,000 euros (0.26 million RON) in late March, compared with los...
Restructuring steers Agras back towards profit
The agricultural insurance company Agras, a member of the Vienna Insurance group (the former Wiener Staedtische) estimates it will see a profit worth 1.5 million RON (some 430,000 euros) thi...
Floods put Hidroelectrica"s profit back on track
Hidroelectrica, the electrical power producer last year derived net income standing at approximately 17 million euros, after about 55.5 million euros from the company"s profit was redirected...
Buyers in good faith might have to give their Biofarm shares back
The state is supposed to become the main shareholder of Biofarm Bucharest again, according to a court ruling delivered at the end of last month, whereby the State Assets Resolution Authority...
Real positive interest rates are back in business
Real positive interest rates are back in business
Foreign loans: private debt surges, while the state cuts back
The foreign loans that private companies have to repay exceeded those taken out by the state for the first time in October 2005, reaching 12.3 billion euros in November, while the foreign pu...
Only one Romanian Harvard graduate is working back home
Romania is among the top five countries in the world that send students to Harvard, except the US, but only one graduate has come back home to work in this country in eight years. Mike Morri...
Daewoo takeover pushed back
The completion of talks for the takeover of Daewoo Automobile Romania by the Romanian state was pushed back by the Korean party, Daewoo Motor Co Ltd., until January, the Economy and Trade Mi...
Firms attracted by the benefits of sale & lease back
As the size of stores and car showrooms emerging on the Romanian market is expanding, the funds demanded by these investments have sparked a search for more advantageous financing methods. S...