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AIG posts profit worth over $1m
AIG Romania, a subsidiary of the biggest financial services group in the world, American International Group, reported a net profit of over one million dollars (almost 3.14 million RON) for...
LaborMed Pharma expects over 50% growth
The pharmaceutical company LaborMed Pharma estimates a growth of over 50% in its turnover for this year, to 30 million euros, following completion of projects started in 2005. "The year 2005...
Businesspersons would take 19% flat tax over higher VAT
The Association of Businesspersons in Romania (AOAR) is in favour of an increase in the flat tax from 16% to 19%, because an increase in VAT would impact on both companies and consumers. "Th...
Implementation of new EU directive to help clear confusion over lending
The conditions to obtain a consumer loan will no longer be so difficult to comprehend for bank clients, once the National Bank adopts the provisions of the new EU directive. The EU directive...
Turbomecanica budgets over 5m-euro profit
Turbomecanica Bucharest, the only manufacturer of jet and turbojet engines in Eastern Europe has budgeted a net profit of 18 million RON (5.14 million euros) for this year, up 5% compared wi...
Urban & Asociatii recoups over 15m euros in 2005
Urban & Asociatii, a company specialising in debt collection, recovered receivables of over 15 million euros last year, according to company officials. The company has recently signed a debt...
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...
Indian group takes over Tubinox
The Indian company Viraj Alloys Limited took over the whole stake, that is 99.5%, in the pipes producer Tubinox Bucharest, previously owned by Silcotub Zalau. The transaction was conducted t...
Over 2,300 investors on the Sibiu Exchange
The number of investors on the Sibiu Monetary-Financial and Commodities Exchange exceeded 2,300 at the end of January, reaching almost 20% of individual accounts on this exchange, a signific...