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Terapia general manager steps down
Dorin Toderas (photo) will step down from his general manager position at drugmaker Terapia Cluj Napoca as of February 1, 2004 and will seek to develop other business opportunities outside t...
BRD-SocGen net profit up in ROL, down in euros
BRD (Romanian Development Bank)-Groupe Societe Generale, Romania's second-largest bank, posted net profit worth 1,773 billion ROL in nine months this year, up 8% in nominal terms since Septe...
Nica: Cosmorom will not be shut down
Communications and IT minister Dan Nica has ruled out the possibility that the shareholders of national telecommunications operator RomTelecom should close down the company's mobile telephon...
Uzinexport profit down 88%
Uzinexport, a company whose share capital reaches 14bn ROL logged 32.4bn ROL (about one million dollars) profit in the first half this year. The profit is much lower than in the same time la...
Budgetary deficit, down to 0.6% of GDP
Seven months through this year, the deficit of the general consolidated budget accounted for 0.6% of the estimated GDP, compared with 0.8% in the first half, following a rise in revenues der...
National Bank of Romania’s revenues, down last year
The National Bank had quite a slow year in 2002, financially speaking, as it witnessed a slump in revenues due to the decline in the interests on its deposits abroad and to the reduction in...
Romanian eurobonds price going down
The latest Romanian issue of eurobonds, launched early in July and maturing in 2010, has registered a constant price drop during the two months of trading on the international market. This y...
Raiffeisen breathing down ING's neck
Austrian Raiffeisen Bank's brokerage company Raiffeisen Capital & Investment caught up with ING Securities in the ranking of the most active securities firms on the Bucharest Stock Exchange...
AIG Romania slows down
General insurer AIG Romania, a branch of insurance and financial services company American International Group, posted 353bn ROL in gross underwritten premiums in the half-year, up 25% in RO...