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Oil volatility cuts deep into Butan Gas H1 profit
Oil volatility cuts deep into Butan Gas H1 profit
Reinert spends 15m euros on cold cuts plant
The general manager of the Reinert charcuterie producer, Ovidiu Bocaniciu, says that before starting production, the company needs to have functional partnerships in place with companies ope...
Drastic cuts of budget-paid staff planned
The government is planning on making drastic cuts in the number of budget-paid employees, with the intention of saving 900m euros (1% of the GDP). The initiative is yet to be officially anno...
Scandia Cons spends 15m euros on cold cuts plant
Meats producer Scandia Cons from Sibiu will invest 15 million euros to build a charcuterie plant outside of Sibiu. The plant will be completed next spring and will cover a surface area of ov...
Nestle cuts losses
Nestle Romania, one of the main players on the market of consumer goods, last year made losses standing at 0.89 million euros (3.2 million RON), more than 70% lower from the previous year, a...
Personnel cuts bring Siretul back in the black
Siretul Pascani, a textiles producer, ended the first quarter of this year in the black, having registered a profit of around 73,000 euros (0.26 million RON) in late March, compared with los...
BCR cuts interest for mortgage credit
On Monday BCR (Romanian Commercial Bank) engaged in a new offensive on the retail market, by announcing the launch of two credits in foreign currency for individual clients, a mortgage credi...
Foreign loans: private debt surges, while the state cuts back
The foreign loans that private companies have to repay exceeded those taken out by the state for the first time in October 2005, reaching 12.3 billion euros in November, while the foreign pu...
New round of mortgage rate cuts sees interest kept at less than 10%
February starts with a new round of rate cuts for mortgage loans, both in RON and in foreign currency, as more and more banks are definitely sticking to rates of less than 10%. The declines...