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The Greek and the Dutch removed 3bn euros from Romania last year
The exposures of Greek and Dutch banks to Romania fell by nearly three billion euros last year compared with 2009, according to data published by the Bank of International Settlements (BIS), also known as the bank of central banks.
Private equity funds bring in half a billion euros
Romania attracted private equity investments worth 476 million euros in 2007, four times more than in the previous year, ranking second in Central and Eastern Europe in terms of the number o...
Expat community in Romanian business costs over one billion euros a year
Companies that employ the around 10,000 expats that work in Romania fork out 100 million euros each month (1.2 billion euros per annum), given that the average salary package of a foreign ma...
Raiffeisen Investment: 3.3 billion euros' worth of acquisitions in H1
The local merger and acquisitions market (M&A), which includes real estate sales, reached 3.3 billion euros in the first half of this year, compared with 1.1 billion euros during the same ti...
Petrom doubles investment to 6.7 billion euros
Petrom will significantly increase the value of its 3 billion euro investment programme, initially announced in 2005, to fulfil its strategic goals by 2010, taking it to 6.7 billion euros. T...
Half a billion euros aimed at hypermarkets this year
On the domestic hypermarket segment Carrefour is the market leader in terms of sales, while Real boasts the largest number of stores, and Auchan the largest number of shoppers. However, ther...
Dacia revenues up 24.5% to 7.2 billion RON, net profit reaches 442m RON
Carmaker Dacia's revenues went up by 24.5% last year, from 5.78 billion RON (1.63 billion euros) to 7.2 billion RON (2.15 billion euros), whilst the net profit of the carmaker increased by 1...
Winmarkt deal takes Siminel's exits to 0.5 billion euros
Businessman Siminel Andrei, chairman of NCH Advisors, a company that manages the local operations of investment fund Broadhurst has decided to sell the Winmarkt network in Romania to Italian...
Banking industry profit heads towards one billion euros
Banks started the year in full gear and made net profit worth 87 million euros in January, up around 28% on December, despite having opened 101 new offices and hiring 177 people. The first m...