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QAB turnover up 48% to $160m
Quadrant Amroq Beverages (QAB), the bottler of Pepsi beverages for the Romanian market, achieved a 48% growth in its turnover to 159 million dollars (128 million euros). The fastest growth r...
Piraeus Bank invests 40m euros to double assets
The Piraeus Bank has announced ambitious growth plans, scheduling investments worth 40 million euros to expand its network, its IT system, and to develop alternative distribution channels. "...
Zentiva fails to delist Sicomed
The Czech drug maker Zentiva only managed to buy just under half of the 49% stake which it did not hold in Sicomed, during its tender offer run on the Bucharest Stock Exchange, the results o...
Intercontinental continues to accumulate losses
RCHI representatives chose not to comment upon the size of the losses registered, as the company is listed on the RASDAQ. In line with the latest available data, during the first half of las...
Consumer lending to slow down
The slowdown of the consumer lending growth that became more visible from October onwards will continue this year, due to a moderate increase in revenues, with annual growth standing at some...
OMV brings former BP manager to Petrom
Jeffrey Rinker, a former manager with British Petroleum, the largest petroleum company in Europe, is the new head of the refining and petrochemical products department of Petrom as of this m...
Alprom to rebound in 2006
Pitesti-based furniture manufacturer Alprom estimates that turnover will increase to some 26 million euros this year, after a slight decline in 2005. "The year 2005 was a difficult one for A...
Alcoa Fujikura plans to expand production
Alcoa Fujikura, a manufacturer of electric wiring for use in the automotive industry has reached its maximum production capacity and announced investments in new production facilities. "The...
UniCredit/HVB merger set to begin in March
Starting March, after the merger between HVB and Banca Tiriac is expected to have largely been completed, integration with UniCredit will also begin, Rasvan Radu, chairman of UniCredit Roman...