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Petrom's branches drag profit down by 10% in 2006
Petrom posted a consolidated profit worth 585 million euros (2.06 billion RON), around 9.5% less than the individual profit, worth 647 million euros (2.28 billion RON). The company's total r...
Malev revenues up by 30%, due to Romanian return flights
Air operator Malev, one of the leading operators on the Romanian market, saw a 30% increase in revenues in the first six months of the year against the same time last year, as a result of th...
Carlyle, attracted by high number of private entrepreneurs
Carlyle Group, one of the world's leading private equity fund managers, is attracted by the high growth potential of the domestic private investments market, with the high number of domestic...
Meinl European Land: real estate investments, could top 750m euros by 2010
Meinl European Land, a real estate company registered in the Channel Islands, at the end of the first half had six projects in Romania in the final phase of analysis, with the value of proje...
Avenir Telecom wants 110 more stores by next April
The mobile phone retail market expects to see 4.3-4.4 million units sold this year, after around 4 million mobile phones were sold in 2006, Gabriel Pircalabu, managing director of Avenir Tel...
Toyota reorganises dealer network by closing small units
The dealer network of the Toyota Japanese brand is set to undergo a process of reorganisation over the next two years, with small showrooms, such as the ones placed on the ground floor of bl...
Aviva sees underwritten premiums increase by 29%
Aviva Grup Romanian insurance company, part of the British-based Aviva group, in the first half of this year registered 28.97% higher gross underwritten premiums, to around 10m euros (34.5m...
Stock Exhange and forex market hit by new wave of turmoil
The forex market and stock exchange were yesterday, once again, rocked by a new wave of unrest that reverberated across western markets, as names of yet more banks affected by the mortgage c...
Air conditioning pushes electricity bills up by 30m euros
The use at maximum capacity of air conditioning units and electric fans during the heat wave is expected to increase electricity bills by at least 30 million euros this summer. In June and J...