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Libra Bank goes for 1%
Libra Bank aims to get 1% of the Romanian banking system and to open another 50 banking units in the next five years. These are the bank's main goals, following the appointment of a new pres...
Farming subsidies good for profit
Although posting losses in the last two quarters of 2003, chemical fertilisers producer Azomures Targu Mures still managed to log the highest profit and turnover of the last four years. Azom...
Kraft: for better or for worse in Romania
Kraft Foods Romania, the local branch of the US giant food and beverage company Kraft Foods, will continue its investment programme in Romania, although the mother-company has recently said...
Another year of 20% growth for Ductil
Welding electrodes manufacturer Ductil Buzau saw 22% net profit growth in 2003, following similar growth in the year before. The company's shares, listed on RASDAQ, have gained more than 60%...
Romanian business law market heading for a boom
In the early '90s, business law equalled knowledge of the "fresh" law on trade companies, while the number of lawyers that could actually interpret this law was very small. In the meantime,...
Poles have cash raised for investments in Romania
Polish company Enterprise Investors has attracted 300 million euros for its new investment fund, Polish Enterprise Fund V, which will mainly operate in Poland and will invest up to 30% of it...
IMF pushes for CEC privatisation
The delays occurred in the privatisation of SNP (National Oil Company) Petrom and the lack of a strategic investor for BCR (Romanian Commercial Bank) have resurrected an older problem: the p...
$2m profit for Cesarom
Ceramic tile and sanitary ware manufacturer Cesarom Bucharest controlled by Hungarian Zalakeramia Rt. concluded 2003 with 450 million forints ($2 million) profit, according to Zalakeramia's...
45% higher profit for Alro
Primary aluminium producer Alro Slatina last year made net profit worth 1,228bn ROL ($37 million), up 45% from the previous year. The profit growth occurred against a slight turnover decline...