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Non-banking financial companies to report credit rating to the NBR
Non-banking financial companies (NBFCs) will make a quarterly report to the NBR (National Bank of Romania) on the categorisation of credits and on the necessary amount of specific credit ris...
Banca Transilvania seeks to raise 41 million euros from shareholders
Banca Transilvania, the largest Romanian-controlled bank, intends to increase its share capital by about 217.7 million RON (65 million euros), by capitalising the net profit of 2006 and the...
MyAir expects number of passengers to double
MyAir, one of the leading domestic low-cost airlines expects to see the number of passengers double this year as a result of the increase in the number of flights to Italy and the introducti...
Martens to expand its market share through store chains
Galati based beer producer Martens, one of the middle-sized companies on the local market, estimates a 25% increase in turnover and an increase to its market share, after having completed in...
Bunge to boost market share to 40%
Bunge Romania, the biggest company on the vegetable oil market is poised to increase its market share to 40% after integrating the recently acquired oil unit of Agricover, says Michael Whitn...
Euro reverts to 2002 level pressured by foreign speculators
The euro fell to its lowest level in Bucharest yesterday since December 2002, after both local and foreign stock market players placed aggressive "buy" orders for RON on the stock market. Th...
Shares offered to Petrom personnel employed since 2003
The 8% stake in Petrom earmarked for employees will be sold to the staff employed by the company since August 2003, according to a Government draft decision put together by the AVAS (The Sta...
Tarnava: Textile market to resume growth
Sighisoara-based Tarnava, a local producer of textile clothing, estimates an approximately 4.8 million-euro turnover for this year, accounting for a 3.7% increase in financial indicators aga...
Auchan does not invest in promotion to keep shelf prices low
Regis Mougel, general manager of the Auchan Romania hypermarket network, says fewer investments in promotion and more directly imported goods, form part of the company's strategy for reducin...