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Concefa to develop over 300m-euro residential projects
Horatiu Cercel, who controls Concefa, a constructions group with business worth 50 million euros, intends to develop several residential projects within the next few years, which are estimat...
Vinexpert to reach 5m euros from wine retail by 2010
Vinexpert, the most important wine retailer on the Romanian market, intends to see its turnover reach the 5 million-euro mark by 2010, compared with the 0.9 million euros reported last year....
LPG trading drives Butan Gas turnover to 40m euros
Butan Gas, a major player on the LPG (liquefied petroleum gas) market, generated turnover worth 40m euros in the first eight months of the year, up 29% on last year. The Romanian company is...
GFR: Operating profit margin to rise 5%
Freight company Grup Feroviar Roman (Romanian Railway Group), the most important freight company in the private sector, has budgeted a 15.9% EBITDA margin, against 10% last year. Grup Ferovi...
Romania, last in the EU in terms of access to financial services
Romania ranks bottom in the European Union in terms of the population's access to financial services, with 23% of the total number of adult inhabitants having access to such services, accord...
Vodafone EBITDA up 21% to $392m
Vodafone Romania, the second biggest mobile telephony operator on the domestic market, in the first fiscal half of this year (April-September period) generated total revenues worth 813 milli...
Bank ranking by assets: top three unchanged, Alpha Bank climbs to fourth
Alpha Bank is the new holder of the fourth position in the ranking of banks' assets at the end of September, after it climbed from eighth position in 2006. UniCredit Tiriac, which entered th...
Emperia Holding plans to enter Romanian market
Emperia Holding, one of Poland's largest retailers, which posted business worth over 600 million euros in the first half of the year, intends to enter the Romanian market of consumer goods r...
CNP revises inflation estimates upwards to 6%
The National Forecast Commission (CNP) has upwardly revised its annual inflation target by 1.5%, to 6%, against 5.7% forecast by the National Bank of Romania (NBR). For December 2008, CNP an...