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4.2m-euro income for SanPaolo IMI
SanPaolo IMI Bank Romania, the local branch of the Italian group SanPaolo IMI, saw profits of 4.2-million euros last year, 82% higher than in 2004. The bank''s total assets overshot the 200-...
Asirom, a takeover target for Fondiaria
The second-largest general insurance company in Romania, Asirom, could be taken over by Fondiaria, an Italian daily reports. The information was also provided by sources on the Romanian mark...
4m-euro offer for Grivita
Metropolis Real Estate Developers company submitted a tender offer for a 60% stake in Grivita Bucharest, standing at over 4 million euros. Metropolis acquired 40% in Grivita in January, a st...
Renault counts on Logan for growth
Logan will come to account for half of the sales growth expected by French group Renault over the next four years, with 800,000 units by 2009. "By 2009, we will launch 26 new models, of whic...
Highways: commitments for 2006 a?" 2007
The authorities have announced that over 6.6 billion euros will be allocated for highways and roads up until 2008. Romania currently has 214 kilometres of highway. Not one kilometre of highw...
No insurance for 25% of registered cars
Data from insurance companies on the sale of auto civil liability policies have been checked against the database containing all the cars registered in Romania, which revealed that about one...
Joint car fleet sales strategy for Dacia, Renault and Nissan
The two Romanian entities of the French group Renault, the car producer Automobile Dacia and the importer Renault-Nissan, have set up a department in charge of car fleet sales. "Firms with c...
Analysts see 0.7% inflation for January
According to a poll conducted by Reuters among nine analysts, the rise in consumer prices could stand at 0.7% in January, and at 8.7% compared with the same month last year, meaning that the...
Ulker sees Romania as an export base for Europe
Ulker, the biggest Turkish producer in the food industry, is considering expanding domestic production in other sectors of the food industry. The group owns a 10-hectare plot of land in the...