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How Romanian companies react to rising oil prices
Record high oil prices are affecting the entire economy forcing major players to adapt to problems never before seen on the market. Major agricultural producers are looking towards energy an...
BT tries to persuade clients to save in euros
Banca Transilvania (BT), one of the top players in the banking system, controlled by local shareholders, will seek to attract more euro-denominated deposits from its clientele. The bank now...
RON decline causes Farmexim to lose 5.5m euros
Farmexim drug distributor, with annual turnover worth 150 million euros, says it registered losses of 5.5m euros in the wake of RON depreciation, a process that started at the middle of last...
From beer to hotels and clinics
Gheorghe Grec, one of the founders of beer producer Bere Mures (which was sold to Heineken), has decided to use part of the 35 million euros collected from Heineken to buy back four-star hot...
Vodafone: 11% EBITDA increase to 558 million euros
Vodafone, the second leading player on the domestic mobile telephony market posted 558 million-euro EBITDA for the fiscal 2007/2008 ended March 2008, an increase of 11% on the previous year....
EBRD: There are banks able to issue mortgage bonds
Several banks are well positioned to be able to select from mortgage portfolios a sufficiently high volume of assets, which should be primarily standardised and then of high quality, in orde...
Norwegians to build luxury project on "Cold Mountain" site
North Capital Baltikum, a Norwegian capital company, will build a luxury hotel complex in Rasnov, on the site where part of the American movie "Cold Mountain" was shot. The "Cold Mountain Lu...
What Romania stands to gain from its 45bn-euro petroleum reserves
The tripling of crude oil prices over the last few years to 130 dollars a barrel has brought Romania's reserves to around 550 million barrels of petroleum, all of them operated by Petrom to...
Dascalu to introduce Zara in Timisoara and Iasi malls
Iulian Dascalu, head of Iulius Grup, has signed a partnership with Inditex group to introduce five of the Spanish company's brands - Zara, Pull and Bear, Bershka, Stradivarius, and Oysho, in...