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Coca-Cola HBC shuts down plant in Bucharest
Coca-Cola HBC Romania has decided to close the carbonated soft drinks plant in Bucharest where it is currently employing 122 people. It will turn this plant into a storage facility. The two...
Petromidia's losses go down
Rompetrol Rafinare (Rompetrol Refining), the leading Romanian-based branch of the petroleum group Rompetrol, has closed the first three months of 2007 with net losses of 3.26 million dollars...
Raiffeisen Bank: No down payment for large real estate transactions
Raiffeisen Bank, the third-largest player in the system, wants to remove the mandatory requirement from its own lending guidelines for a client to come up with a down payment in the case of...
Construction continues explosive growth, retail slows down
The construction market continued its record growth in March, adding 32.7% since March 2006, that is the fastest pace of the last 17 years, according to the data revealed by the National Sta...
Negritoiu: NBR should get down from its ivory tower
It is unacceptable that only five years before entering the pre-euro adoption phase, the financial market should be as rudimentary as it was five years ago, that it should not have long-term...
First mortgage credits with low down payment emerge
Next week could see the first mortgage credits with low or even zero down payments and personal credits with an increased degree of indebtedness become available on the banking market. The d...
Consumer credits in RON slow down
Consumer credits reached 32.5 billion RON (equivalent to 9.57 billion euros) in February, experiencing a 91% increase against the same period last year. Therefore the share of lending in RON...
Spread between rates on loans and deposits in RON down to half
The spread between interests on loans and interests on deposits in RON has halved on the retail segment over the last three years, from an average of almost 15 percentage points in 2004 to l...
A&D: turnover and profit up, margins down
A&D Pharma, which groups the Mediplus distributor and the Sensiblu drugstore chain, posted a net profit worth 17.82 million euros last year, up 7.4% against 2005. At the same time, the net p...