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Banks adjust interest rates in small steps
SanPaolo IMI Bank announced at the beginning of this week that it had operated modifications to interest rates of clientse deposits in RON. The bank pays interests of 6% to 7% a year for the...
"Unorthodox" steps taken to slow down lending boost short-term foreign debt
The short-term foreign debt, mostly generated by the private sector, is "completely open to growth" and has become a factor that cannot be overlooked by the NBR, even a reason for concern, N...
Asirom steps into the black
Asirom, the second largest insurance company on the domestic market, registered a 5% rise in turnover last year and managed to step into the black, according to an announcement the company m...
La Fourmi steps up network expansion
Alexandros Tsintzilonis, managing director with the La Fourmi network, says Global Finance Greek investment fund will triple the number of supermarkets taken over in 2005 from the founders o...
Ford importer steps into the black
Romcar, the importer of Ford cars on the domestic market, last year registered gross income worth seven million RON (almost 2 million euros), according to the with data published in the Offi...
Cora steps into the black
Cora steps into the black
Romgaz steps up gas production
The Ministry of Economy has finalised a Government decision draft on the Arad-Szeged gas pipe, and Romgaz will increase production by two billion cubic metres starting 2007, with both moves...
Consumption growth ten steps ahead of industrial output
The turnover of companies operating in the retail sector rose by more than 27% in February, in comparison to February 2005, reveals data published by the National Statistics Institute (INS)....
MAT steps into the black
Farming and industrial equipment manufacturer MAT Craiova, a business owned by a local investor from Alexandria has doubled sales last year to a total of 7.5 million euros, compared with 3.5...