restructuring
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Defence restructuring costs $65m/year
The costs to restructure the defence industry have been estimated to $65 million a year after 1990, as explained by the head of the Defence Production Department within the Ministry of Econo...
Economic restructuring has bankers concerned over loan repayment rate
What is the connection between the restructuring of state-owned enterprises and a potential extra worry for the bank managers? The link is very simple to trace: the beginning of state-owned...
Sidex restructuring yields $98m profit
When the Indians from LNM Holdings bought Romanian steel mill Sidex Galati in 2001, they set out to make profit by 2003. Although it was thought to be an unrealistic goal at that time, as Si...
Quick restructuring for BCR
European Bank for Reconstruction and Development and International Finance Corporation have worked out an institutional building plan for Banca Comerciala Romana (Romanian Commercial Bank -...
Brau Union Romania restructuring, only just beginning?
The closedown of the Reghin-based brewery might be just the beginning of a more dramatic restructuring programme aimed at the operations developed by Austrian group Brau Union in Romania. Ma...
CEC's profit unimpeded by restructuring
Casa de Economii si Consemnatiuni (Romanian Savings Bank - CEC) posted 175bn ROL (about 4.6 million euro) net profit in the first half, up nearly 39% in nominal terms and 23% in real terms c...
Restructuring cuts Electroaparataj profits
Electrical equipment maker Electroaparataj Bucharest concluded 2002 with 36.4bn ROL ($1.1 million) in net profit, according to preliminary results. Profit dropped nearly 40% in real terms co...
CEC embarks on much-needed restructuring programme
Increased pressure from the international financial institutions, such as the World Bank, but also fiercer competition in the banking system have prompted the Romanian Savings Bank (CEC) to...
Loss-making restructuring at Policolor
Paint maker Policolor Bucharest began a restructuring process at the end of last year, in order to boost profits. It closed a productive department and laid off 40% of employees. Still, unti...