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Italo-Romena makes 1.5m euros from leasing
Italo-Romena Leasing IFN, a member of the Veneto Banca group, posted an approximately five million RON (1.5 million-euro) net profit last year, up 176% against the level seen in 2005, and an...
Demand for mortgage credits far from being covered
Mortgage credits are expected to be the most in demand product on the banking market over the next few years, anticipates Paul Mylonas, chief economist and strategist with the National Bank...
Allianz-Tiriac sees revenues of 30m euros from life insurance
Allianz-Tiriac estimates it will underwrite 30 million euros' worth of premiums from life insurance in 2007, 20% more than last year, after witnessing a 14% decline, down to 8.4 million euro...
Help Net: from graduation project to 55m-euro business
Started in 1998 as an MBA graduation project, with a 15,000-euro investment in the first drugstore in Timisoara, Help Net is now one of the major drugstore networks in Romania. With plans to...
Romanian investors want trading platforms and advice from brokers
Most of the investors attending the Stock Exchange Fair held at the end of last week were interested in the simplest ways to trade, as well as in advice from brokers. This year's Stock Excha...
Negritoiu: NBR should get down from its ivory tower
It is unacceptable that only five years before entering the pre-euro adoption phase, the financial market should be as rudimentary as it was five years ago, that it should not have long-term...
Natuzzi, 14.2m-euro profit from couches
Italsofa Romania, one of the top three companies on the domestic furniture market posted net profit worth 50 million RON (14.2 million euros) last year, almost 40% more than the 36 million R...
Terapia could make 20m euros from land sale
Terapia Ranbaxy, one of the leading drug producers on the local market, has decided to sell 9 hectares of land in Cluj-Napoca via a tender. The land in question has been estimated at up to 2...
Baumit: We are building three factories from scratch
Construction materials producer Baumit Romania, the local branch of the international group Baumit Wopfinger will start an over 10 million-euro investment in a new production facility in the...