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BCR's net profit increases by 48% to 206.6 million euros in first half
The BCR group derived net profit worth 206.6 million euros in the first half of the year, up 48% on the same time last year. Andreas Treichl, CEO of Erste Bank, the majority shareholder of B...
A&D Pharma's net profit plunges by 92% to less than one million euros
A&D Pharma, the biggest player on the pharmaceutical market, posted a 92% decline in net profit in the first six months of this year compared with the corresponding period of 2007, to less t...
BCR invests 3m euros in employee training
BCR, the largest bank in the system, has set aside more than 3 million euros to train its 9,521 employees. "We have an over 3 million euro budget for 2008, which includes all training and kn...
Hot summer for travel revenues: 350m euros
Revenues are expected to reach 350 million euros on the Romanian Black Sea coast during the summer season, up 20% against the same time last year, with 1.4 million travel packages estimated...
Farmec Cluj increases profit by 36% to 1.5m euros
Farmec Cluj, the biggest Romanian-held cosmetics producer posted 1.5 million euros in gross profit in the first half of this year, an increase of 36% against the same time last year, when it...
CSA directors have over 1m euros in savings in banks
The members of Board of Directors of the Insurance Supervision Commission (CSA) have bank deposits both in Romania and abroad that equal 1 million euros, according to the fortune statements...
BRD pays 8m euros for 20% in Mobiasbanca
BRD invested almost 8 million euros to become shareholder of Mobiasbanca, the fifth leading lender in Moldova, getting a 20% stake as a result of its participation to a capital increase wort...
Three foreign banks capitalise branches with 180m euros
Three second tier banks - Banca Romaneasca, Credit Europe Bank and Millennium Bank, received capital injections from their shareholders in the first half of the year that equalled 180 millio...
Romstal Leasing grants funding worth 130m euros in H1
Romstal Leasing, a subsidiary of Belgian group KBC, granted funding worth 130.5 million euros in the first half of the year, up 53% against the same time in 2007. "Equipment leasing and comm...