euros
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UniCredit nets 3m euros
UniCredit Romania last year posted net income in excess of 100 billion ROL (roughly 3m euros), four times higher than in 2001. At the same time, the bank's assets amounted to 3,700 billion R...
Mazrom to pocket 10m euros
Mazrom Motors, Mazda general representative in Romania, hopes to sell 400 cars this year, up 45% since 2002. "Our turnover will thus grow to 10 million euros," said Viorel Niculescu, general...
Bond issues worth 500m euros, postponed indefinitely
The Romanian companies planning to release eurobond issues worth 500 million euros in late 2002 and early 2003 have postponed them indefinitely due to the high costs involved, preferring to...
Porsche Leasing lands 81m euros
Porsche Leasing Romania, a branch of Porsche Bank Austria, last year concluded leasing contracts worth more than 81 million euros, up 16% since 2001. "We delivered 5,015 autos last year, wor...
Volksbanken to invest another 3m euros
The Austrians from Volksbanken AG are planning to invest almost three million euros to increase the capital of the group's Romanian branch. By the end of January at the latest, the Bucharest...
La Festa to invest 20m euros
Juice and cappuccino maker La Festa has completed half the investments it started last year in Valenii de Munte. By the time the programme is completed, investments will have reached 20 mill...
EU accession, four years and 3bn euros away
The EU Summit held in Copenhagen at the end of last week did not bring any surprises, although tension prevailed over debates until the very last minute. It resulted, as anticipated, in 10 n...
Romcar invests 6m euros
Romcar, general representative of US group Ford in Romania has invested more than six million euros on the Romanian market. The company was established in 1992 and has sold 10,000 cars, of w...
13.8m euros in Phare financing
The Ministry of Agriculture, Food and Forests (MAAP) has secured almost the entire available financing through the Phare 2000 programme by the November 30, 2002 deadline, under projects tota...