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Romania, solution for investors hurt by global crisis
Matei Paun, owner of BAC Investment, a M&A and finance consultancy, says Romania continues to be a solution for global strategic investors that seek further growth amid the international financial crisis. "It's true it's much more difficult now to raise money...
Loans in euros and RON depreciation hurt Agrana's profit
Agrana Romania, the leading sugar producer on the local market, posted a net profit worth 15.47 million RON (4.35 million euros) in the first half of this year, 23.5% less in RON against the...
Slowdown of car sales could hurt leasing market
The rise of the leasing market could be affected this year by the slowdown in vehicle sales, after the leasing market experienced a major leap last year, by 54%, exceeding 4.9 billion euros....
Cora: Rising food prices have not hurt sales yet
Eugen Zbircea, manager of Provera, the procurement centre for Cora, Profi and Albinuta stores, says the company's turnover could reach 313m euros this year, with part of the increase trigger...
Intercontinental: Economic crisis would hurt 5-star hotel market
Business travel, the prime growth driver of Bucharest's 5-star hotel market, could be at risk given the threat of a sizeable financial crisis to the corporate segment. "For now, we remain un...
Nissan sales hurt by lack of models
The four Nissan models on the SUV segment, X-Trail, Pathfinder, Patrol and Murano, will sell 750 units this year, up 30% against last year. The figure does not include the Qashqai model, pos...
Workforce cost increase starts to hurt car parts makers
Labour force expenses in the car parts industry have surged by over 25% this year, according to market players, a situation where Romania starts losing its cheap labour force advantage, its...
Comprehensive insurance claims hurt Allianz-Tiriac profit
Comprehensive insurance claims hurt Allianz-Tiriac profit
Campofrio hurt by shelf taxes
Charcuterie producer, Tabco-Campofrio, the domestic unit of Spain's Campofrio Alimentacion, posted 10% higher sales in the first half of this year compared with the same period of 2005. "We...