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BCR and BRD account for 65% of overall banking system's profit
The net profit of the overall banking system amounted to around 265 million euros in the first quarter of the year, as market leaders BCR, and BRD accounted for 65% of this figure, despite t...
Help Net drugstores sell over 13m euros' worth of cosmetics
Cosmetics have been sold within the Help Net network ever since its establishment, and could contribute over 13 million euros to Help Net's turnover this year, estimated at 68 million euros....
Orastie-based Fares posts 8.7m-euro sales of tea
Orastie-based Fares, a local producer of teas and medicinal plants, forecasts an over 8.7 million-euro turnover for this year, up 30% on 2007. "Our sales increase will take place proportiona...
Mobexpert number of employees down 1,000
Mobexpert group, the largest player in the local furniture industry, saw almost 1,000 people leave the company last year, which brought the number of staff to 3,500, in the wake two plant cl...
NBR delays reduction of mandatory reserves
The central bank will only reduce minimum mandatory reserve requirements imposed to commercial banks when it sees a significant liquidity slump on the interbank market. "The volumes purged d...
Hyatt in search of opportunities in Romania
The Hyatt hotel chain, which owns over 735 hotels internationally, is considering entering the local market in the coming period, amid plans to be present in all the main cities in Europe. "...
Ryanair flies 50% of Constanta airport's passengers
Ryanair the European leader of the low cost market, which launched flights on the local market this year, will account for half of the passenger traffic at the Mihail Kogalniceanu airport in...
MHS Motors, 13% of Automobile Bavaria's turnover
BMW's dealer, MHS Motors, a part of the Automobile Bavaria network, has budgeted a 15 million-euro turnover for this year, according to Ciprian Bercea, general manager of MHS Motors. Automob...
CEC Bank, the new name of Romania's oldest bank
Casa de Economii si Consemnatiuni (Romanian Savings Bank-CEC), the oldest bank on the Romanian market, with a 144-year history, is set to receive a new name, CEC Bank, as well as a new visua...