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NBR: Deposit money moves to current accounts to dodge taxes
The situation of time deposits is no longer relevant given that a lot of money is registered on current accounts as a result of the solution banks came up with in order to dodge interest tax...
Savings bank to keep "clear niche"
CEC (Romanian Savings Bank) needs to keep a "clear niche" on the banking market, which includes individuals and SMEs, without however neglecting corporate banking, said Radu Ghetea, the newl...
Patrick Gelin, BRD: A satisfactory start to the year
BRD-SocGen, the second-largest bank on the market, made net profit of 168 million RON (around 51 million euros) in the first quarter, up 12% on the same time last year. However, the return o...
Continental to invest 50m euros in two-star hotels
The Continental chain, which holds 13 hotels on the local market, intends to invest 50 million euros within the next three years in order to build seven two-star hotels, which will be operat...
Pepsi Americas Romania not to change its team
Mike Holmes, who took charge of Pepsi Americas Romania operations after the deal by which the world's second leading Pepsi product bottler entirely took over the domestic bottler was finalis...
Yoghurts bring Danone's business to 84m euros
Danone Romania, the biggest yoghurt producer on the local market, saw a 20% increase in its financial results, below the company's original estimates, which predicted that it would maintain...
Cellulose and paper producers struggle to see a profit
An increase in the price of utilities and the deepening shortage of domestic raw materials has prevented companies in the cellulose and paper industry from securing profit margins, this year...
ING continues to bank on its own formula
ING Bank Romania's revenues are constantly increasing; profit, however, might halve in 2007 compared with last year's figure due to the bank's intended investments. The investments could out...
Pepsi moves to the outskirts of Bucharest
Pepsi Americas Romania, the bottler of PepsiCo for the Republic of Moldova and the Romanian market, has scheduled investments worth around 34 million dollars (25 million euros) for a new pla...