doubles
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Number of bankruptcies doubles
The number of bankruptcies in the Romanian economy doubled in 2005 compared with the previous year, with about 10,000 of the 11,000 companies for which insolvency procedures were started goi...
Delphi Packard doubles staff
Delphi Packard, a producer of wiring for the car industry, doubled its staff last year, after opening its second factory in Romania, in Ineu, Arad County. "We have plans to continue to expan...
Grup Romet Buzau doubles business
Grup Romet Buzau, producer of water purifying equipment posted a turnover worth 43.8 million euros last year, an almost two-fold increase against its 2004 business. The growth in turnover wa...
BCR Asigurari doubles premiums in Q1
BCR Asigurari (BCR Insurance), a member of the Banca Comerciala Romana (Romanian Commercial Bank) financial group, saw gross underwritten premiums worth 24.1 million euros in the first quart...
Consumer credit doubles
The consumer lending continued to speed up its growth for the third month in a row, reaching a growth pace of over 110% year-on-year in March, the highest level seen in the last few years. E...
Petrom doubles investment in 2006
Petrom has announced plans to invest an estimated 2.3 billion RON (647.8 million euros) this year, double the amount in 2005, when investment totalled 1.1 billion RON (303.8 million euros)....
Mondostar doubles investments in its stores
Sibiu-based textile manufacturer Mondostar doubled the number of stores it intends to open by the end of the year, from 5 to 10. "The Romanian real estate market sometimes behaves in very st...
Coca-Cola HBC Romania doubles net profit
Coca-Cola HBC Romania, the bottler of the Coca-Cola beverages for the Romanian market made more than 38 million euros (139 million RON) in net profit in the first 11 months of last year, alm...
Flat tax doubles corporate profits
Romanian companies made 11.6 billion euros in taxable profits in 2005, twice more than in 2004. The increase was largely due to the introduction of the flat tax, which pushed companies to br...