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Grawe makes 1.1 million-euro profit
Insurance company Grawe Romania announced the volume of gross premiums underwritten last year amounted to 11.5m euros and that net profit exceeded 1.1 million euros. The profit is partly due...
5 million-euro investment in automotive cables
EKR Elektrokontakt Romania, a subsidiary of Germany''s Autoelectric GmbH, a producer of car parts and cable systems, will finalise an investment of around 5 million euros this month in order...
Indesit estimates 60 million-euro sales
Eugen Paturan, the country manager for Romania of Italian home appliance producer Indesit, says the company''s sales will maintain at 60 million euros this year, amid a decline of the overal...
100 million-euro bill for business lawyers
The Romanian business lawyer that emerged as a symbol of capitalism after 1989 is now a small "powerhouse" with a productivity of 120-150,000 euros. The business lawyer, without whom there i...
Siemens and ABB land over 7 million-euro contracts
ABB Romania, the domestic branch of the Swiss-Swedish company operating in the sector of power equipment and industrial services, announced on Monday the delivery of two retooled electrical...
CMB Travel sees 7 million-euro turnover
Tourism operator CMB Travel, one of the main players on the Romanian market, estimates turnover in excess of 7 million euros this year, up 28% on last year''s figure. The company saw its bus...
BCR sale, over 50 million-euro business for consultants
Investment banks, consultants, lawyers and auditors will collect more than 50m euros from the sale of the largest bank in Romania, a transaction worth 3.75 billion euros. The business genera...
Banks make 470 million-euro profits nine months into the year
The net profits made by commercial banks in the first nine months amount to 1.7bn RON (more than 470 million euros), the same as the profits of the banking system for the whole of 2004, acco...
HVB Leasing closes 130 million-euro dealst
HVB Leasing Romania expects a 57% increase in financing this year, up to 130 million euros, following the growth posted by the auto market and the company''s broader product portfolio. "We h...