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ATE Bank expands onto retail to double profit
Greek-based ATE Bank (Greek's Agricultural Bank), which entered the market almost two years ago, believes individual clients will act as the main growth driver for local branches, and plans...
Delaco could double sales of Jogobella yoghurts
Delaco, one of the largest distributors of dairy products in Romania, could post sales worth 12 million euros this year from the sale of products made by Zott (the German group that produces...
bauMax expects sales to double this year
Austria's bauMax DIY retailer this year expects its Romanian sales to double to 120m euros as 3 new stores will be added to the network. BauMax will operate 8 stores by late 2008 and in 2009...
Land prices around Cosmopolis double
Land owners in Stefanestii de Jos (North Bucharest) are currently asking for 90 euros/ square metre, after several residential projects have been developed in the area. "Last year, a square...
BCR hopes to double current account sales
Banca Commerciala Romana (Romanian Commercial Bank - BCR) estimates it will soon sell 2,000 current account packages per day, i.e. double the current level, according to Martin Skopek, retai...
Titan targets 5m-euro profit and double sales
Milling and bakery producer Titan, formerly Loulis Romania, this year targets turnover worth 85m-euro, up around 20% year-on-year and income worth 5m euros. In 2007 the company reported turn...
Ardaf set to double turnover and get rid of losses
Ardaf, one of the ten biggest insurance companies on the market, plans to end this year with gross underwritten premiums worth 100m euros, double the level reached last year. "Our goal is to...
Population's overdue payments double to 159m euros
The population's overdue payments for credits climbed to 573.2 million RON (equivalent to 159 million euros) in December last year, a two-fold increase in RON, according to data from the Nat...
Top Brands expects to double growth rate
Top Brands Distribution, the second largest distributor of consumer goods on the market, forecasts a 50% increase in turnover this year against 2007, double the last year's growth rate. Ther...