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ZF English

Interest rate for credits in euros down from 9 to 8%

The spread between interests operated by banks for individual clients for credits in euros and those paid for deposits has lowered significantly over the past year. Whereas in June last year...

Ziarul Financiar · 03.09.2007 · 18:42 · 1 min
ZF English

Petrom's branches drag profit down by 10% in 2006

Petrom posted a consolidated profit worth 585 million euros (2.06 billion RON), around 9.5% less than the individual profit, worth 647 million euros (2.28 billion RON). The company's total r...

Ziarul Financiar · 30.08.2007 · 18:25 · 1 min
ZF English

Tourism revenues, down for the first time in 5 years

Romania's international tourism revenues were 3% lower in the first half of this year compared with the same period last year and reached 381m euros, accounting for the first slump in the pa...

Ziarul Financiar · 23.08.2007 · 18:25 · 1 min
ZF English · Gas

Gas imports drive Romgaz income down to 61m euros

Romgaz Medias gas producer, one of the most valuable companies still held by the state, in the first half of this year generated net income worth 61m euros (202m RON), down 8%. The main fact...

Roxana Petrescu · 20.08.2007 · 19:18 · 3 min
ZF English

Strong RON forces Petrom's profit down to 266m euros

A drop in the price of crude oil and the appreciation of the Romanian currency against the dollar has resulted in Petrom's profit witnessing a decline of 34% in euros in the first half of th...

Catalin Ciocan · 17.08.2007 · 19:59 · 3 min
ZF English · Lending

Bank Leumi set to introduce zero down payment mortgages

Bank Leumi will start selling mortgage loans with a zero down payment as of next month, with a maximum indebtedness level of 70% of a client's eligible income, according to the norms approve...

Liviu Chiru · 15.08.2007 · 19:40 · 2 min
ZF English · Banks

UniCredit Tiriac: profit up, assets slightly down

Unicredit Tiriac Bank, the domestic branch of the Italian group UniCredit, managed to increase its profit amid a rise in revenues in the first half of the year, despite witnessing a slight d...

Liviu Chiru · 09.08.2007 · 20:09 · 2 min
ZF English

Ardaf turnover, down 30% in H1

Insurance company Ardaf registered a 30% drop (in euros) in gross underwritten premiums, to a volume of 24.3m euros in the first half of the year, according to data sent by the company to ZF...

Ziarul Financiar · 08.08.2007 · 20:22 · 1 min
ZF English · Industry

Industry slows down in June and H1

The plus registered by industry dwindled during the first half of this year. Production growth slowed down to 6.1% in the first half, from 7.7% in the first 3 months, in line with data relea...

Mihai Bobocea · 07.08.2007 · 20:31 · 2 min