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Electrolux business increases by 25%
Electrolux Romania, the domestic branch of the Swedish home appliances producer, reported 25% higher turnover for last year, compared with the previous year. The company''s officials have re...
Omniasig business increases by 15%
Omniasig, an insurance company which is a member of the Austrian group Vienna Insurance, saw a 15% increase of its business in euros, to nearly 36 million euros (128 million RON). In the fir...
Kandia-Excelent hurt by consumption decline
Chocolate manufacturer Kandia-Excelent posted a turnover worth 7.9 million euros (27.8 million RON) in the first quarter of this year, an 11% drop against the same period of 2005. The net pr...
Foreign currency purchases by non-residents knock RON onto the ropes
The RON lost 1.6% against the euro in a single session yesterday, on a highly volatile market. Non-resident investors bought foreign currency in several stages, so that quotes had gone up by...
Net outflows by non-residents on capital market reach record high in March
Foreigners withdrew 30 million euros more in March than they put into accounts opened with brokers, so that net capital outflows reached a new record high. Capital inflows from non-residents...
SIF Muntenia sees income shrink by 1.8m euros in March
SIF Muntenia, the top profit maker among the financial investment companies (SIF) after the first two months of the year, registered a decline by 6.5 million RON (1.8 million euros) in net i...
Piraeus increases capital by 25m euros
Piraeus Bank will increase its share capital by up to 25 million euros, with the final amount to be decided at the General Meeting of Shareholders, which will take place on April 27. Accordi...
Stock Exchange to prevent de-listings by GMs
Majority shareholders will no longer be able to de-list their companies from the Stock Exchange by means of a simple vote in the General Meeting (GM) of Shareholders, according to the Stock...
Mindbank to be sold by yearend
The management team of Mindbank asked its many shareholders (both individuals and legal entities) to authorise representatives in order to sell the bank''s majority stake to "a prominent int...