costs
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La Fantana: Cost cuts drive operating income up 13%
La Fantana saw its operating income go up by 13%, despite an 8% sales decline in the first nine months of this year, as the company slashed distribution costs and dropped training programmes and part of its business trips.
Negative financial results prompt Bancpost to slash costs
Bancpost, the eighth-largest local bank judging by the value of the assets held at the end of last year, is going through an extensive restructuring programme in order to cut costs, which in...
Euro rate cut not passed onto local customers, bankers say
The interests on euro have fallen on the international markets, but bankers say that we cannot yet expect credits to become cheaper on the domestic market, given that refinancing costs are h...
Farinsan wants to generate power to cut costs
Special flour and bakery producer Farinsan, which estimates 16 million euro turnover by the end of the year, intends to invest approximately 1.5 million euros in building a wind farm in Giur...
Fan Courier is dealing with 10% higher costs
Delivery service company Fan Courier, a major player on the market, generated turnover worth 26m euros (94.7m RON) in the first eight months of this year, up around 40% in RON against the sa...
Arval: The crisis is an opportunity for large operational leasing companies
The impact of the financial crisis will be felt on the operational leasing market via an increase in liquidity costs, all the more since the leading players on the Romanian market are subsid...
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...
Higher food costs melt forecast growth on ice cream market
Local ice cream producers have estimated that growth will be half of last year's level. The producers believe the increase in the price of basic food products will have a negative impact on...
ECB rate hike to boost borrowing costs
Analysts anticipate ECB's decision to raise its benchmark rate by a quarter of a percentage point to 4.25% per annum will drive financing costs up, at least by a similar amount, but the time...