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McDonald's Unirii will have 2 floors following 1m-euro investment
McDonald's Romania, the largest fast food restaurant operator, will invest almost one million euros to renovate its oldest restaurant in Bucharest, located in Unirea Shopping Center. The restaurant, which opened in the first half of 1995, will be expanded and...
Bancpost blocks cards following attempted fraud
Bancpost blocked withdrawals from Millenium debit cards at ATMs last weekend, after the bank detected a large number of incidents of attempted fraud. Bancpost did not specify how many cards...
Tymbark profit shrinks following investments
Tymbark Maspex Romania forecasts a profit increase for this year, after last year it registered its first decline in four years. In 2007, the producer of Tymbark juices and La Festa instant...
BT sees profit tripling following sale of insurance division
Banca Transilvania (BT) is preparing to more than triple its net profit for 2007 against 2006, after collecting 76.5 million euros, i.e. 85% of the price it is due to receive for selling the...
Quasar sees 22m-euro turnover, following real estate boom
Quasar Industries, a producer of PVC and aluminium door and window systems, estimates it will post a 22.7 million-euro turnover this year, up 30% against 2006, when the Hunedoara-based compa...
Automotive market growth to slow down following EU accession
Automotive market growth to slow down following EU accession
Lending guidelines to be changed following IMF request
Leasing and hire purchase contracts, as well as consumer loans and mortgages, will now all be taken into consideration when determining the creditworthiness of applicants for new credits. St...
Rules of the game irrevocably changed following Petrom privatisation
Rules of the game irrevocably changed following Petrom privatisation
Terapia takeover: following the money
The European Bank for Reconstruction and Development (EBRD) and the Dutch Bank for Development (FMO) are, together with an investment fund held by US-based company Advent International, co-i...