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Austriecii de la HTI High Tech Industries au infiintat o subsidiara la Brasov
Compania austriaca HTI High Tech Industries a intrat pe piata romaneasca, infiintand o subsidiara la Brasov, care va produce componente auto de interior si exterior, precum si produse standa...
Euro climbs to 16-month high
The euro climbed to a 16-month high of 3.65 RON on the Bucharest market and was sustained by aggressive buying by foreign investors, who closed their positions on the local market. Sources f...
IMF: Inflation remains high if budget deficit is not kept low
The only way to bring the inflation back down to 5% level quickly and without incurring high economic costs is a good correlation of the monetary and fiscal policies. However, this is an opt...
High oil price boosts Petrom's profit by 16% in Q3
Petrom Bucuresti (SNP), the largest Romanian company, posted net profit worth 661 million RON (204 million euros) in the third quarter of the year, up 16 percent against the same time last y...
Schulze leaves SABMiller on a high note
After four years at the helm of SABMiller's Romanian operations Dieter Schulze can boast among his achievements a 20m dollar deal that propelled the company to second position on the market,...
Actavis focuses on exports rather than high profit margins
Icelandic giant Actavis, which purchased the Romanian pharmaceuticals manufacturer Sindan Bucuresti for 147.5 million euros last year, is registering a profit margin on the Romanian market c...
High euro costs could lead to more expensive RON loans
An increase in interest rates for euros is being considered by several banks in order to maintain profitability now that refinancing costs are higher. In addition, bankers also anticipate a...
International climate and high foreign deficit make Romania vulnerable
The international financial markets are more tense than at the beginning of the year, and Romania's foreign deficit is rising above initial estimates - all the more reason to take appropriat...
Remco counts on turnover growth as high as 30%
Bucharest-based Remco Romania expects turnover to increase by 30% this year and reach 15m euros, from the company's production and fitting of prefabricated metallic structures and industrial...