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BCR: Best time for change is when business is flourishing
BCR, the largest bank on the market, has entered "a programme of essential and fundamental changes," which cover strategy, structures and organisation, operational systems and institutional...
13.2m-euro gross profit for Banca Romaneasca
Banca Romaneasca, the local branch of the National Bank of Greece, last year posted a gross profit worth 13.2 million euros. The bankes total revenues climbed by 30% last year, to 51.1 milli...
Terapia Ranbaxy to create Cluj-based platform for EU expansion
Pharmaceuticals company Terapia Ranbaxy has received from the National Drug Agency (ANM) the Manufacturing and Import Authorisation according to the EU norms and standards for its Cluj-based...
Euler Hermes aims for 1.5m-euro premiums through Romanian office
Euler Hermes, one of the worldes largest providers of trade credit insurance, plans to underwrite gross premiums worth more than 1.5 million euros this year through its Romanian office. "Eul...
Cereals account for 12% of Nestle turnover
Romeo Cazanescu, the manager of the cereal department within the local branch of Nestle group, estimates a 30% increase in the sales volume on the local market this year, in the wake of the...
10m-euro turnover for ceramic producer Apulum
Ceramic products manufacturer Apulum Alba-Iulia estimates an over 10 million-euro turnover for this year, which represents a stagnation of the financial indicators compared with 2006, when t...
45% occupancy rate for the only 5-star hotel in Cluj
Opera Plaza hotel in Cluj-Napoca, the first five-star hotel on the Cluj market, expects a 60% occupancy rate this year, against the 45% rate seen in its six months in business in 2006. "This...
Fortis Lease aims for over 5% of the market
Fortis Lease, the leasing division of financial Belgian group Fortis, intends to cover a 5-10% share of the leasing market in Romania, by means of local company Global Finance & Leasing, acq...
Ion Radulea spends 20m euros for new industrial park
Ion Radulea, the owner of Semanatoarea company, says he will invest approximately 20 million euros in an industrial park located in the Eastern side of Bucharest. The investment will be made...