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Silvarom sees 50% of staff leave in under one year
More than 300 employees at Silvarom, a leading furniture producer, have left the company to work abroad or in the constructions sector. Silvarom now has 400 employees, compared with 725 in t...
Crowne Plaza sees 48% profit margin in 2007
Bucharest's Crowne Plaza five-star hotel, owned by businessman George Copos, closed last year with a 48% profit margin, up 3% year-on-year, alongside turnover worth around 11.5m euros (almos...
Billa sees 400m-euro sales
The Billa Romania supermarket network, part of the German group Rewe, registered an approximately 32% sales increase in 2007, compared with 2006 and reached around 400 million euros, accordi...
BT sees profit tripling following sale of insurance division
Banca Transilvania (BT) is preparing to more than triple its net profit for 2007 against 2006, after collecting 76.5 million euros, i.e. 85% of the price it is due to receive for selling the...
Barleta sees 20% increase in exports
Bacau-based paper packaging producer Barleta forecasts turnover worth 6.3 million euros this year, up 26% against last year. "The increase in business is primarily supported by an increase i...
Visa: payment via chip sees rapid expansion
The majority Visa partner banks are already authorised (or in the process of becoming authorised) to accept chip cards as part of their banknote and POS systems, an initiative first started...
Agip Romania sees profit up 250%
Agip Romania, the local branch of the Italian petroleum group Eni, posted net profit worth 2 million euros in the first nine months of the year, up 250% against the same time last year and a...
Alcoa Fujikura sees business up 30%
Alcoa Fujikura, a producer of electric wiring for the automotive industry, posted turnover worth 19.59 million euros (64.66 million RON) last year, up 30% against the same time last year. Ac...
Romcarton sees sales up to 18m euros
Corrugated cardboard manufacturer Romcarton (part of the French group Rossmann) registered sales worth over 18 million euros in the first nine months of the year, up 15% against the same tim...