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ZF English

Raiffeisen's profit rises to 74 million euros

Gross profit stood at 89.3 million euros, up 67% against the first six months of 2007. The results were calculated in line with international financial reporting standards and only concernin...

Liviu Chiru · 20.08.2008 · 19:34 · 2 min
ZF English

TAROM makes more than 10m euros from charter flights

National company TAROM, whose business will reach some 290m euros (450m dollars) is making more than 10m euros from charter flights a year, and has contracts signed with both travel agencies...

Ziarul Financiar · 19.08.2008 · 19:19 · 1 min
Top 50 agricultural companies manage 1bn euros' worth of land
ZF English

Top 50 agricultural companies manage 1bn euros' worth of land

Culita Tarata, Adrian Porumboiu, Mihai Anghel, Ioan Niculae, Stefan Poienaru, along with many foreign-held companies own the biggest farming businesses, reveals the ranking of the top 50 far...

Cristina Stoian · 19.08.2008 · 19:18 · 2 min
ZF English

Foreign debt rises 40% in one year to 44.8bn euros

Romania's medium and long-term foreign debt reached 44.8 billion euros at the end of the first half, an increase of 42% against the same time in 2007, while the current account deficit rose...

Ziarul Financiar · 18.08.2008 · 19:24 · 1 min
Porsche sees 6% increase in seven months and sells over 600m euros worth of cars
ZF English

Porsche sees 6% increase in seven months and sells over 600m euros worth of cars

The biggest player on the car imports market, which generated turnover worth above 1bn euros last year according to ZF estimates, sold 34,036 cars in the first seven months of this year, up...

Bogdan Alecu · 18.08.2008 · 19:22 · 2 min
ZF English

Distrigaz Sud: 1,645 redundancies cost 17 million euros

Distrigaz Sud, the largest natural gas transmission and supply company in Romania, has paid out around 17 million euros to 1,645 employees who opted for voluntary redundancies packages, init...

Roxana Petrescu · 15.08.2008 · 18:55 · 2 min
Hagi invests 4m euros to upgrade Iaki hotel to 5-stars
ZF English

Hagi invests 4m euros to upgrade Iaki hotel to 5-stars

At present, the Iaki hotel is a four-star unit, with a capacity of 99 rooms, to which a further 27 rooms will be added starting next year. "The new rooms will be available from May 2009 and...

Roxana Grigorean · 14.08.2008 · 20:05 · 2 min
ZF English

Expat community in Romanian business costs over one billion euros a year

Companies that employ the around 10,000 expats that work in Romania fork out 100 million euros each month (1.2 billion euros per annum), given that the average salary package of a foreign ma...

Alina Pahoncia · 14.08.2008 · 19:56 · 2 min
ZF English · Companies

Editura Polirom, put at 25m euros

Editura Polirom (Polirom publishing house), one of the biggest players on the Romanian book market, with turnover put at 7.5m euros this year, has a market value of 25 million euros, in line...

Mirabela Tiron · 13.08.2008 · 19:08 · 2 min