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Cosmote set to take over Germanos
The mobile telephony operator, Cosmote Romania, will shortly boast the biggest network of stores among all mobile telephony operators on the domestic market, and will have an important role...
Michelin hopes to make a profit
French group Michelin estimates it will see a profit this year for the first time since entering the Romanian market, in 2001. "For this year, we intend to have a 20-25% increase in turnover...
Soft32.com owner wants to develop instead of selling
Lucian Todea, owner of soft32.com, the second ranking site in terms of the number of visitors in Romania, as shown by Trafic.ro, and among the top Romanian websites in the world, says his pu...
Irrom allocates 5m euros to boost radiator production
The subsidiary of Italy''s Irsap group, Irrom Industrie, which produces tubular steel radiators, has for this year earmarked approximately 5 million euros to construct a new production facil...
Air France to focus on electronic services
Rodolphe Lenoir, Air France general manager, says that as of this year, the French airline will focus on electronic services, after having introduced the fifth daily flight on Bucharest-Pari...
Deductible interest rate down from 7 to 6%
The deductible level of the annual interest rate for the 2006 fiscal year for loans in foreign currency contracted from entities other than banks or non-bank financial companies will drop fr...
NBR adds another 147m euros to reserve
NBR''s foreign currency reserve reached 18.29 billion euros at the end of April, an increase of a little more than 147 million euros compared with the previous month. The increase was visibl...
Cosmetics to account for 20% in Help Net turnover
Isabelle Iacob, the general manager of the Help Net Pharma drugstore network, says the company''s priority this year is to get ready for the moment of integration, and not to boost sales. Ho...
Funds investing on BSE return to profit in April
Mutual funds with placements in equity reverted back to deriving positive yields in April, after their performances had been hit in March by corrections on the Stock Exchange. With few excep...