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Allianz-Tiriac posts 25% growth
Germany's largest insurer Allianz has already recouped its investment in Romania, where it bought 51% in Asigurari Ion Tiriac (Ion Tiriac Insurance), as the value of the new company, Allianz...
CEC posts 11.5m-euro net profit
The Romanian Savings Bank (CEC) ended its second restructuring year with net profit exceeding 483bn ROL (some 11.5m euros), up 108% from 2002, according to CEC officials. "The result is very...
Eximbank posts lower profit
The Export-Import Bank of Romania (Eximbank) will post gross profit worth 135bn ROL this year, down from the results logged in 2002. However, the bank's management says the decline was assum...
BCR posts $130m profit
The Romanian Commercial Bank (BCR) posted profit worth 4,360bn ROL (some $130m) in ten months this year, as a result of the "measures applied in the last years to upgrade and improve the ban...
Imsat posts four times higher nine-month profit
Industrial automation company Imsat Bucharest ended the first nine months this year with 39.7 billion ROL ($1.2 million) net profit, four times more than in the same time last year, when the...
Orange Romania posts 40% growth
Mobile telephony operator Orange Romania has seen an about 40 percent revenue boost in the first nine months of this year, compared with the same time in 2002. The latest financial report re...
Piraeus Bank posts 2.54m euro pre-tax profit
Piraeus Bank Romania, branch of the Greek bank, posted 2.54m euros pre-tax profit for the first eight months. According to the data released by the bank officials, total assets increased ove...
Petrotel Ploiesti posts $3.3m losses
Petrotel Ploiesti refinery, belonging to the Russian oil group Lukoil, in the first half reported losses worth about 3.3 million dollars (110bn ROL), down $4 million as compared to the corre...
Coca - Cola bottler posts 10% increase
The launch of new products and the sales of Dorna mineral water triggered a 10% increase in the business of Coca-Cola Hellenic Bottling Company (CCHBC), the bottler of the Coca-Cola soft dri...