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Cocor: record profit from SIFs goes to giant screens and new car park
Cocor Bucuresti, owner of the store with the same name in central Bucharest, has posted a record income worth 6.61m euros (21.82m RON) in the second quarter of this year, and a turnover wort...
UniCredit Tiriac brings head of retail from Hungary
UniCredit Tiriac, the fourth largest bank on the market in terms of assets, has chosen a vice-president in charge of retail, after a period when the division was supervised by its chief exec...
Biofarm gets 2m-euro plot of land from the state for 135,000 euros
The Romanian state is set to receive shares worth 135,000 euros from the drug producer Biofarm Bucuresti in exchange for a plot of land worth 2-4 million euros, according to prices used on t...
PCfun.ro: $2m from online sales
PCfun.ro, an online retailer, registered a turnover worth $2m in the first six months of this year, from the sale of electronic, IT and communications products. Of these, LCD screens and TV...
Alro owner to gain $94m from London Stock Exchange floatation
Vimetco Swiss company (the former Marco Industries), the majority shareholder in Alro Slatina (ALR) aluminium producer, expects to derive gross gains worth around $94m (almost 70m euros) fro...
Corporate sector heavily borrowing from abroad
More than 50% of the corporate loans granted in foreign currencies by UniCredit Tiriac since the beginning of the year (accounting for both the former HVB Tiriac and UniCredit Romania) were...
Bunge could collect 6m euros from sale of Interoil plant's land
Bunge, leader of the domestic vegetable oil market, could receive 3 to 6 million euros for the 60,000 square-metre area of land belonging to the Interoil plant, located in Oradea, which will...
Popa, BRD: Romanians don't know how to live from one debt to another
Mortgage credits taken for more than 30 years give the customer the wrong impression of having gained something, when actually a longer-term financing actually means the initial loan will do...
Electrica: No requests from household consumers to change energy suppliers
The migration of household consumers from Electrica branches towards private energy traders will only begin after fees for household clients stop being subsidised by the fees charged to big...