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Allianz-Tiriac income down on life insurance losses
Allianz-Tiriac, the biggest insurance company on the domestic market, saw operating losses worth one million euros on the life insurance segment in the first half of the year (H1), according...
MKB Romexterra's profit, down 16% to 3.8m euros
MKB Romexterra Bank has reported a net income worth 3.8 million euros for the first half of this year, down almost 16% in euros against the level reached during the same time last year. "The...
Romania's one-off expenses drag down Zentiva's profit
Czech company Zentiva, one of the top three drug manufacturers on the domestic market, registered one-off costs worth 200 million Czech Korunas (7.14 million euros) in Romania in the first h...
Bunge could shut down Oradea plant this month
American group Bunge, leader of the domestic vegetable oil market with a business worth over 100 million euros, has drawn up a redundancy payment programme for the around 200 employees of th...
Kaufland Romania's top man steps down
Gunter Grieb (photo), the German who has been in charge of Kaufland Romania's operations since the network's entry onto the domestic market in 2005, has left the company at the beginning of...
Average bank salary increase slows down
Wage increases on the local market have recently slowed down to the lowest rates registered in the last few years. The wages for bank employees rose by a mere 12% in the first quarter of thi...
Zaharul Oradea: turnover down by 45%
Zaharul Oradea (Sugar Oradea), part of the German-French group Cristal Diamant, posted a 2.68 million-euro (9.1 million-RON) turnover in the first three months of this year, a 45% decline on...
Profit of Foraj Sonde down 32.1% in 2006
Targu-Mures-based Foraj Sonde, operating in petroleum and natural gas extraction, witnessed a decline in business by 2.7% to 82.26 million RON last year. The gross profit also fell by 32.1%...
Alpha Bank: no more down payments
Alpha Bank will offer real estate credits with 0% down payment starting next week, while the upper indebtedness limit will rise to 65% of net incomes for certain client categories. "I expect...