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ING Pensii: Empty accounts will drop to 10% in a few years
ING invested around 66 million euros in order to gain the top position on the market of mandatory private pensions, a sum it expects to recoup in the next ten years.
Cersanit buys two plots from Barlinek for 15 million euros
Cersanit Romania, formerly Romceram, will buy from the Romanian subsidiary of Polish wooden flooring and parquetry company Barlinek two plots of land that cover 33.5 hectares, located in Mar...
Asirom loses 7.4 million euros in six months
Asirom, the third leading player on the insurance market, ended the first half with a 7.4 million-euro loss (more than 27.2 million RON), after having posted 0.6 million euros (about 2 milli...
Raiffeisen's profit rises to 74 million euros
Gross profit stood at 89.3 million euros, up 67% against the first six months of 2007. The results were calculated in line with international financial reporting standards and only concernin...
Distrigaz Sud: 1,645 redundancies cost 17 million euros
Distrigaz Sud, the largest natural gas transmission and supply company in Romania, has paid out around 17 million euros to 1,645 employees who opted for voluntary redundancies packages, init...
Romania has 1 million square metres of shopping centres
The number of shopping centres in Romania has now exceeded 30, with an overall lettable surface area of 1 million square metres, after nine new projects were launched this year, reveals a ZF...
BCR's net profit increases by 48% to 206.6 million euros in first half
The BCR group derived net profit worth 206.6 million euros in the first half of the year, up 48% on the same time last year. Andreas Treichl, CEO of Erste Bank, the majority shareholder of B...
A&D Pharma's net profit plunges by 92% to less than one million euros
A&D Pharma, the biggest player on the pharmaceutical market, posted a 92% decline in net profit in the first six months of this year compared with the corresponding period of 2007, to less t...
PPF spends 6.5 million euros to buy natural gas supplier
Czech investment fund PPF Investments continues its acquisition campaign on the local market of natural gas transmission and supplying, after it struck a deal to buy 100% in Gaz Sud for 50 m...