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Eurolines posts 24% higher revenues from airline ticket sales
The Eurolines group, an almost 30 million-euro business that provides transport and tourism services, posted a 24% increase in ticket revenues in the first half of the year. Although competi...
Romanian personal branding, from Malaxa and Capsa to Tiriac
Almost half the world's most valuable brands are personal names - Toyota, Disney, McDonald's, Hewlett-Packard, Honda and Dell, a survey by Interbrand reveals. Nevertheless, Romanian business...
Patriciu: The state will not collect any taxes from the Rompetrol deal
Dinu Patriciu (photo) has already collected some of the money derived from the sale of 75% in Rompetrol Holding to Kazakhstan-based KazMunaiGaz, with the remaining sum to be received by the...
J.u.A Frischeis Austrian company derives 60m euros from plywood
Brasov-based Holver company, part of Austria's J.u.A. Frischeis G.m.b.H., which sells plywood and wood board, expects to reach turnover worth around 60m euros this year, up 200% against 2006...
Prutul Galati borrows 25m euros from several banks
Vegetable oil producer Prutul Galati will borrow approximately 25 million euros from several banks in order to buy raw materials and acquire a storage base located in Liesti, Galati county....
Interest rate for credits in euros down from 9 to 8%
The spread between interests operated by banks for individual clients for credits in euros and those paid for deposits has lowered significantly over the past year. Whereas in June last year...
GM set to buy $500m worth of auto parts from Romania
A total of 500m dollars (368.4m euros) a year. This is the value of auto parts General Motors, the world's leading carmaker, plans to buy from Romania, according to company representatives....
Italian and Spanish destinations drive TAROM revenues from flights abroad to 110m euros
The new flights TAROM has introduced to Valencia, Madrid or Bologna this yea r bolstered the company's revenues from regular flights abroad by 25% to around 110m euros (148m dollars) in the...
Asirom needs at least 15m euros from shareholders to relaunch
Asirom, one of the largest insurance companies in Romania, requires investments worth at least 15 million euros to update its IT system, train human resources and reorganise its claim settle...