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Bank Leumi aims for high-income customers
Bank Leumi, the Israeli bank, which acquired Eurom Bank last summer, plans to triple its assets this year to 360 million euros and double its market share to 0.6%. "In 2007, we intend to tri...
P&G awaits "triggering point" for sophisticated products
Jose Medran, the general manager of Procter & Gamble Romania, the most important player on the personal care products market, believes once they reach the "triggering point", all categories...
1.43m-euro income for Azomures in Q4
Azomures, the Targu-Mures-based chemical fertilisers producer, posted a net profit of some 1.43 million euros (4.98 million RON) in the fourth quarter of last year, 50.5% higher than the pro...
Romtelecom introduces low-price packages for calls to mobile networks
Individual and corporate subscribers of Romtelecom (the main Romanian fixed telephony provider) will be able to make calls to users of mobile telephones at a lower price, if they opt for one...
30m-euro sales for Gedeon Richter
Hungarian pharmaceutical group Gedeon Richter last year posted sales worth 37.3 million dollars (30 million euros) in Romania, over 19% higher than results seen in the previous year, accordi...
HVB Tiriac - UniCredit Romania merger project submitted for shareholder approval on March 9
The merger project of HVB Tiriac and UniCredit Romania will be submitted for the approval of the shareholders in a meeting to take place on March 9. The agenda includes the report drawn up b...
Government reports expenses worth 6bn euros for last December
According to data published by the Finance Ministry yesterday, the general consolidated budget closed last year with a deficit amounting to 1.68% of the GDP (1.6 billion euros), as a result...
Carrefour, top contender for Univers'all location behind Unirea Shopping Center
The building behind Unirea Shopping Center in Bucharest, which used to house the Univers'all supermarket until recently, will be taken over by Carrefour, Billa or Gimrom, the operator of the...
Clothing manufacturer ModaTim allocates 8m euros for office building
Clothing manufacturer ModTim, which is investing 8 million euros in building an over 10,000 square-metre office building in Timisoara, could finalise the building at the beginning of Septemb...