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BCR’s profit down 27% five months into the year
BCR, the biggest bank on the market, made 306.6 million RON (about 73 million euros) in net profit after the first five months of this year, according to the Romanian accounting standards, down 27% compared with the same time in 2008, banking sources say.
Porsche sales go down in August
Porsche Romania, the leading importer on the domestic market, has slowed down its growth rate to 5% in the first eight months, with figures coming close to the estimates made by Brent Valmar...
Salaries at Broker Cluj down 40%
The average salary of an employee at Broker Cluj, the only brokerage company listed on the Stock Exchange, fell by 40% in the first half of the year against the first half of 2007, according...
Why are advertising investments cooling down?
"Net investments have not gone down, but up. This discrepancy comes from a lack of correlation between rate card prices and net ones. For television, rate card is no longer a sales tool as o...
Notaries: Real estate deals down by 5% in June
The number of deals on the domestic real estate market has gone down over the last two months, by as much as 5% in June, compared with the same time last year, according to the data the Nati...
MediaCom expects growth to slow down
MediaCom one of the top ten players on the market of media agencies estimates the business growth to slow down to 20% this year, compared with 2007 when it went up 34.5%, to 33 million euros...
Petrom turns down Megaconstruct and Distrigaz Sud bids
Petrom, the largest Romanian company, has decided to turn down two bids from Distrigaz Sud, the largest natural gas transmission and supply company in Romania, and Megaconstruct, a company h...
Martens' growth slows down
Martens Galati, one of the main independent brewers on the domestic market posted 6% higher sales in the first five months of the year compared with the same time in 2007. The results, howev...
Altex revises estimated turnover down by 30m euros
Altex, the largest electronics and home appliances retailer on the local market, has downwardly revised its estimates for this year's turnover to 400 million euros, after, at the beginning o...