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Citi: NBR's interest rate should climb to 10%
The cut in the key interest rate by the NBR (National Bank of Romania) to 7% last summer was premature. Now, an increase of as much as 10% is necessary, given the deterioration of the inflationary outlook, according to an extensive report on Romania, drawn up...
Cefin: Commercial vehicles climb to 2.6bn euros
Cefin Romania, the local automotive division of the Italian group Cefin, the importer of the Iveco brand, estimates the market of commercial vehicles will grow by 30% this year, to around 2....
BRD: interest rates must climb
An interest rate hike for loans granted to individual customers is inevitable as the current level is extremely low, says Sorin Popa, head of retail at BRD-SocGen. "In Romania interest rates...
Lafarge Romcim sales climb 15.4% in Q1
Lafarge Romcim, the Romanian subsidiary of French Lafarge group achieved a 15.4% sales growth in the first quarter from the same period in 2005. The increase in sales came as a result of the...
Wienerberger H1 sales climb by 80%
Wienerberger H1 sales climb by 80%
MJ Maillis profits climb by 60%
Packaging producer MJ Maillis Romania increased its net profits by 60% in the first quarter of the year to around 160,000 euros (5.8billion ROL) at a time of higher demand for packaging on t...
Inflation rate likely to exceed official 7% target, climb to 8.5%
Inflation rate likely to exceed official 7% target, climb to 8.5%
Korsnas revenues climb 25%
Korsnas revenues climb 25%
Ina expects sales to climb to $10 million
Ina expects sales to climb to $10 million