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Bancpost poised to boost income after restructuring
Bancpost, the domestic arm of Greek group Eurobank EFG, last year generated net income worth 28.8m euros, up around four times compared with the level reached in 2006. The bank's assets soar...
Blue Air: We are not currently in negotiations to sell
Nelu Iordache, the majority shareholder of low-cost airline operator Blue Air, says he is not engaged in talks to sell, and does not plan to attract any more shareholders. "We have drawn in...
Top Brands expects to double growth rate
Top Brands Distribution, the second largest distributor of consumer goods on the market, forecasts a 50% increase in turnover this year against 2007, double the last year's growth rate. Ther...
BRD to reduce indebtedness level from 70% to 60%
BRD, the second-largest bank on the market, is preparing to adjust the maximum indebtedness level for clients' real estate credits from 70% to 60% of incomes, while interest rates will under...
Roche up 6%, to 109m euros
The local branch of the Swiss pharmaceutical giant Roche posted a 364 million-RON (109.3 million-euro) turnover last year (producer price), up 6% against 2006, according to estimates made by...
Orange revenues up 24%, to 1.234bn euros
The revenues of Orange Romania, the largest mobile telephony operator on the local market climbed by 24.3% last year against 2006, to 1.234 billion euros, after the growth rate was calculate...
Nokia to start production on Monday
Finnish group Nokia will launch its new mobile phone assembly line at its first Romanian plant on Monday, February 11. "This is an important moment for the company, which precedes the offici...
Labormed sale takes drug market deals to over 650m euros
LaborMed Pharma, the drug manufacturer, owned by five Romanian entrepreneurs, has been acquired by Advent investment fund in a deal estimated to be worth approximately 120 million euros, acc...
Head of Friesland moves to Hungarian dairy producer
Gerbrant de Boer, general manager of Friesland Romania - the largest player in the dairy industry, will leave the company at the end of this month, after almost eight years in charge. De Boe...