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Kaufland Romania's top man steps down
Gunter Grieb (photo), the German who has been in charge of Kaufland Romania's operations since the network's entry onto the domestic market in 2005, has left the company at the beginning of...
Unita steps into the black in April
General insurance company Unita, a member of the Vienna Insurance Group, stepped into the black at the end of April, after it had posted losses worth 21.39 million RON (6 million euros) last...
Libra Bank steps into the black in Q1
Libra Bank, a small player in the banking system, held by American investment fund NCH, has posted a net profit worth 341,725 RON (101,000 euros) for the first quarter of this year. The bank...
Asiban steps into the black
Insurance company Asiban posted 2.84 million RON (0.8 million euros) in net profit in the first four months of this year, after seeing losses worth 6.6 million RON (1.8 million euros) in the...
Profi network steps back into the black
Profi Rom Food, which operates the Profi hard-discount store network, stepped back into the black last year, when it posted an approximately 0.5 million-euro gross profit. The retailer had r...
Mittal Steel Galati steps back into the black
Galati-based steel plant Mittal Steel, a part of the Arcelor Mittal group, saw a 167 million-RON (47.3 million-euro) net profit last year, against losses of 161 million RON (44.4 million eur...
Interbrands steps into the black
Interbrands Marketing & Distribution, the biggest distributor of consumer goods, posted 1.7 million-euro net profit last year, after having reported losses worth around 2 million euros in 20...
Asirom steps into the black after two years
Insurance company Asirom managed to turn a profit last year, after two years of massive losses and now says profit takes precedence over its market share. Asirom, the second largest insuranc...
Nestle Romania steps into the black
Nestle Romania turned a profit in 2006 compared with the 0.9 million-euro losses in 2005, after improving its distribution system and diversifying its portfolio, according to data provided b...