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Reserve still going up
The NBR announced the increase of the foreign currency reserve by 35.8m euros to 16.73bn euros in November. The expansion, although incomparably lower than the increases of more than one bil...
Prices of auto liability insurance policies go up 33%
Prices for the mandatory auto liability policy, which used to be fixed, now greatly vary from one insurer to another. Where to buy an RCA (auto liability insurance) policy for 2006? Many dri...
Meda restructures to keep up
Home appliances and apartment heating systems distributor Meda Oradea anticipates turnover to stand at 35 million euros this year, an increase of 9% on 2004. "Turnover this year is close to...
Private "postmen" push Curiero up to 4.2m euros
National courier company Curiero estimates turnover will almost triple this year, to 4.2 million euros, mainly due to the development of a nationwide document management and distribution net...
Electroputere Craiova up for sale again
The State Assets Resolution Authority (AVAS) was to put the company Electroputere Craiova up for privatisation again yesterday, with the deadline for submitting bids set for December 19. Ele...
Young customers drive Oriflame cosmetics business up 40%
Oriflame Romania, the domestic branch of Swedish cosmetics producer Oriflame, forecasts 40% higher turnover for this year, bringing it to a value of 28 million euros, amid an increased numbe...
Farmec sees profit up 35%
The reduction of expenses and the decrease in profit tax generated a nine-month growth of 18% in turnover for Cluj-based cosmetics producer Farmec, bringing it to a total of 12.5 million eur...
Zentiva not to up offer for Sicomed
Pharmaceutical company Zentiva has no intention of upping the offer put out on the Bucharest Stock Exchange in order to take over all Sicomed shares, stated Peter Sulc, financial manager wit...
AIG Romania profits up 24% in first nine months
Fire and natural disaster insurance has boosted the business of AIG Romania to 17.7 million euros (64 million RON) in the first nine months of the year. The Romanian general insurance branch...