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Top 15 car part producers see higher sales, but lower profits
According to a ZF survey, the top 15 companies that operate in the car part industry derived a cumulated net income worth 11m euros last year, down from 39m euros, the level reported in 2006. "Investments are recouped over a longer period of time and there are...
NBR relaxes regulation, but not enough
The final draft of the regulation for lending to the population, adopted by the NBR (National Bank of Romania), is "less restrictive" than was initially expected, but bankers also have provi...
Summer in hypermarkets: fewer customers, but more purchases
Amid cooler temperatures compared to last year, with fewer hot periods, this summer did not see sales peaks for beverages, ice creams or air conditioning units in hypermarkets, but major cha...
Carabulea: Many are knocking at our door and I cannot but open it
"Many people are knocking at our door and I cannot but open it. You have no way of knowing whether talks will materialise in a business partnership or in the sale of a stake," Ilie Carabulea...
Petrom's profit doubles in H1, but fails to reach expectations
Petrom, the largest Romanian company, reported net profit worth 687 million RON (188.2 million euros) in the second quarter of the year, up 36% against the same time last year, whilst turnov...
Euro 2008 boosts Carlsberg's sales, but less than expected
Carlsberg beer brand, produced and bottled on the local market by United Romanian Breweries Bereprod (URBB) under licence, posted a 15% sales increase during the European Football Championsh...
Bucharest beats Warsaw in terms of rents, but not in quality of life
Bucharest ranks 108th out of 215 cities in an international ranking of the best cities to live in, put together by human resources consultancy Mercer. The capital climbed three positions in...
Linklaters to close Bucharest office, but continue activities
British law firm Linklaters, number two on the global law market, will close its Bucharest office on November 1, along with those in Budapest, Bratislava and Prague, but aims to build a new...
P&G turnover stagnates, but profit is up
The turnover of companies controlled by American FMCG giant Procter & Gamble in Romania reached a total value of 553.2 million euros (1.9 billion RON) last year, just 1% more than in 2006, w...