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Petrom posts record profit in first quarter: 265 million euros
Petrom Bucharest (SNP), the largest company in Romania, posted record net profit in the first quarter, 977 million RON (265 million euros), 156% higher in RON than in the same time of last y...
Agras business down one third, to 4 million euros
Agras Vienna Insurance Group underwrote gross premiums worth 13.18 million RON (around 4 million euros) in 2007, down 39% on the previous year, while gross profit went up 11 times and reache...
Bucharest's Intercontinental Hotel worth 70.7 million euros
Intercontinental Hotel, the five-star located in the heart of Bucharest, has been appraised at 70.7 million euros by DTZ Echinox. The land alone on which the hotel sits is worth 30 million e...
BCR's net profit surges 82.4% in Q1, to 382.7 million RON
Banca Comerciala Romana has derived net profit after tax and payment of minority interests worth 382.7 million RON (103.6 million euros), an increase of 82.4%, whilst assets increased 2% and...
Nord Bucuresti increases capital to 6.1 million RON
The shareholders of Nord Bucuresti, a hotel operator, have approved a 3.6 million-RON capital increase, from 2.5 million RON to 6.1 million RON, through a cash contribution. The move entails...
Unifertrans derives 31 million euros in 2007
Unifertrans, a rail freight company, part of the Unicom group, posted turnover worth 31 million euros last year, an approximately 7% increase on the previous year. "For this year, we intend...
Overdue individual loans reach 157 million euros
The increase in overdue payments by individuals for bank loans slowed down in January for the second month in a row, after the annualised rate fell to 98%, while the total volume of loans in...
GEFCO revenues reach 12 million euros
GEFCO Romania, part of the logistics and transport division of French PSA Peugeot Citro?n, posted turnover worth 12 million euros last year, an increase of 130% against the 5.2 million euros...
EnergoBit heads towards business worth 110 million euros
Cluj-based EnergoBit group, one of the leading manufacturers of electrical equipment, which also operates on the market of electrical installations, forecasts turnover worth approximately 11...