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150m-euro investments for OTP
It''s been full steam ahead for OTP Bank Romania over the last two months: it has expanded its network by 12 branches and the bank''s retail credit portfolio has reached 6 million euros. Alm...
5.5m-euro fines for Wrigley Romania and its distributors
The Competition Council on Monday decided to punish chewing gum manufacturer Wrigley Romania and 26 economic operators that distribute its products by fining them 201bn ROL (some 5.5 million...
Cloudy November for Broker''s profit
The broker SSIF, the first financial service company listed on the Bucharest Stock Exchange, made gross profit worth 1.06 million RON (300,000 euros) in November, approximately 33% lower tha...
Fiscal Code for 2006 could cause investors to change strategy
The law modifying the Fiscal Code, which came into effect on June 4th 2005, has again attracted the attention of investors on the Stock Exchange, of businessmen and consultants, after Premie...
Chimcomplex hopes for 5.7m-euro profit
Chimcomplex Borzesti, an inorganic chemical products company, set out to attain over 20 million RON (5.7 million euro) net profit next year, after having made net profits of more than 3.98 m...
Isarescu: 2005 was hardest for me
"This past year has been the hardest of my life as a governor, even harder than the ''90s, when the reserve was empty and harder than 1999, the foreign debt service peak." The Governor of th...
Iulian Dascalu wins battle for Cluj-Napoca mall
Iasi businessman Iulian Dascalu has won the tender to build a mall in Cluj-Napoca, his third after Iasi and Timisoara. Iulius Group, the company held by Iulian Dascalu, was selected as the w...
Domo has 8m euros for large stores
Electronics and home appliances retailer Domo will invest 8 million euros next year when it plans to expand its network of stores covering a large surface area stores. "We want to open three...
1.5bn-euro import contract for Distrigaz Sud
The natural gas distributor, which is now held by Gaz de France, will import natural gas from WIEE. The Romanian company is to get 9 billion cubic metres of natural gas from WIEE, a joint ve...