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Ortoprofil seeks to make 6m euros from medical equipment
Ortoprofit Prod Romania, based in Targu-Mures, one of the leading local producers of orthopaedic medical equipment, estimates it will see an over 6 million-euro turnover in 2007, a 20% incre...
Banks bring 11bn euros from abroad to fuel lending
The foreign debts of the banking system exceeded 11 billion euros at the end of November 2006, after having surged by around 41% from the level registered in 2005. At the same time, foreign...
Astra-Uniqa: 3m euros from maritime insurance
Insurance company Astra-Uniqa last year handled gross underwritten premiums worth 3.8 million dollars (3 million euros) from maritime insurance. Such premiums have had a significant share in...
Presidential suite: from several hundred to almost 2,000 euros
One night of accommodation in one of Bucharest's luxury hotels has tourists pay 115 euros to 1,800 euros. Thus, the rate for a presidential suite can be 15 times higher than that of a standa...
Cream Line borrows 5.5m euros from Alpha Bank
Cream Line Romania, the producer of Finetti chocolate cream, has increased its loan from Alpha Bank by 2 million euros, and is to take out another loan worth up to 3.5 million euros from the...
Insurance broker AON outsources 58 positions from France
Insurance broker AON intends to relocate some of its administrative activities of its European centres to Romania. This is the first outsourcing move made by a player in the insurance field,...
Dorin Mateiu sees 12m-euro profits from charcuterie
The Alba county-based Elit and Mercado charcuterie manufacturers, owned by businessman Dorin Mateiu, posted a cumulated 93.6 million-euro turnover last year and a 12.2 million-euro net profi...
Howard Johnson earns 13m euros from business travel
The five-star Howard Johnson Grand Plaza hotel in Bucharest posted turnover worth 13 million euros in 2006, a slight increase on the previous year. The hotel recorded turnover worth 12.5 mil...
Daw Benta expects 21m euros from varnishes and paints
The producer of paint and varnish, Daw Benta, based in Mures county, estimates a 21 million-euro turnover this year, an approximately 30% increase against last year, when the company saw a 1...