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Eurom Bank to be listed on Rasdaq
Eurom Bank will be listed on Rasdaq market in the first half this year, according to the bank's deputy general manager Alexander Regenbogen. The bank's General Meeting of Shareholders has al...
Petroconst investor expands to beauty industry
Constanta businessman Dumitru Cilibia who holds 25% in Petroconst Constanta, a company specialising in main line construction and offshore rigs installation, intends to expand to the beauty...
Henkel Romania climbs 17%, to 50m euros
Henkel Romania, the local branch of Henkel Central Eastern Europe, reported 50.3 million euros (1,890 billion ROL) in turnover last year, up 17% from 2002, when it had logged 43 million euro...
Alexandrion Group sales up to 29m euros
The alcoholic drinks division of Alexandrion Group Romania, which makes and sells the Alexandrion brandy, Kreskova vodka and Bellman's gin, reported 1,100 billion ROL (29 million euros) in t...
Atlantic Tour sales up to 4.7m euros
Bucharest-based travel agency Atlantic Tour concluded 2003 with 180bn ROL in turnover, 22% up from 2002. In euros, the result amounted to 4.73 million, close to the 2002 level. The agency po...
Against all odds: single European currency loses ground to ROL
Monday, January 5, 2004. The single European currency was quoted at 41,252 ROL by the National Bank of Romania, only to soar to a new record-high on Monday, January 6: 41,438 ROL. Monday, Ma...
New law forces banks to find other ways for consolidation
The banks operating in the Romanian system will be disbursing increasingly lower dividends to their shareholders in the future, as most of the net income will be used to consolidate their eq...
Intel looking to invest in promising Romanian companies
The world's IT giants are saying it loud and clear: it's time to invest in Romania. After Microsoft, Oracle and IBM, it's now Intel's turn to check out the opportunities provided by the loca...
Raiffeisen aims to double profit
Raiffeisen Bank Romania will invest about 40 million euros in growth this year, which is 20% more than the investments made in 2002. The institution aims to double profit this year, up to 9...