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Agricola Bacau: grain price hikes may limit production
Agricola Bacau group, one of Romania's largest poultry producers, has budgeted 10% higher turnover for 2008, up to 120m euros. The target depends, however, on the company's decision on a pos...
High oil price boosts Petrom's profit by 16% in Q3
Petrom Bucuresti (SNP), the largest Romanian company, posted net profit worth 661 million RON (204 million euros) in the third quarter of the year, up 16 percent against the same time last y...
Patriciu: Price of oil per barrel will reach 150 dollars within the year
Dinu Patriciu, chairman of the petroleum group Rompetrol, believes the price of oil per barrel could reach 150 dollars next year, while competitors - Petrom, MOL and OMV - are confident the...
Price change drives Ballantine's sales to over 8m euros
Pernod Ricard, one of the biggest importers of alcoholic beverages on the domestic market, with turnover worth 10.8m euros last year, could post sales of above 8m euros this year for Ballant...
Citi cuts 2 euros from the price target for Erste shares
Analysts from the American bank Citi have cut the price target for Erste Bank (BCR's majority shareholder) shares by 2 euros, from 69 to 67 euros, but maintained the recommendation to purcha...
First summer of price hikes for apartments
Apartment prices in Bucharest went up by 10% between June and September, as the price per square metre reached 1,716 euros, indicates an analysis conducted by ZF based on advertisements in t...
Niculae, Asirom: I won't sell to the Austrians at the same price
Businessman Ioan Niculae, who recently sold 30% in insurance firm Asirom to Austria's Vienna Insurance group, maintains he does not intend to sell the rest of the shares within the next 2 or...
Delta Airlines to encourage passengers with a 20% price cut in September
Delta Airlines, which in June re-launched the Bucharest-New York flight after a ten-year hiatus, expects to maintain its passenger occupancy rate at 80% (a level registered during the first...
Eurisko concerned over the house price increase rate
The Romanian real estate market continues to grow, fuelled by the wide gap between supply and demand, particularly on the residential segment. However, the increased rate of prices also rais...