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Romania among bits and pieces RBS picked up in Europe
Romania is among the bits and pieces in Europe that Royal Bank of Scotland (RBS) took over from Dutch ABN Amro group, yet the growth of the business is good, says Sir Fred Goodwin, CEO of th...
Top 10 automotive companies make up 5% of GDP
The top ten largest companies on the local car market, which include importers, manufacturers and dealers, posted cumulated turnover worth over 6 billion euros last year, equivalent to 5% of...
Tiriac Holdings forecasts 2.2bn-euro turnover, up 37.5%
Tiriac Holdings, which operates in the automotive, real estate, leasing and air transport (VIP charter flights) sectors, forecasts business worth approximately 2.2 billion euros this year, a...
Benvenuti: retail up, distribution down
The Benvenuti-Equipe group, created by Dan Pavel in 2004, one of the founders of Leonardo, forecasts a 14.5 million-euro (50 million-RON) turnover, up 15% against last year. A sum of 11.7 mi...
Innova Capital wants to step up operations in Romania
Robert Conn, co-founder of Innova Capital private equity firm, says the major players of the private equity industry have not arrived in Romania, yet, with the moment of their entrance being...
Sales of Romanian language versions of Windows and Office up 50%
Sales of OEM (preinstalled) licences for the Windows operating system in Romanian and English are currently more or less evenly distributed, according to Microsoft Romania, the local subsidi...
JTI turnover up 40% after Gallaher integration
Japan Tobacco International's takeover of cigarette producer Gallaher boosted its domestic turnover in RON by around 37%, after JTI kept both the employees of the acquired player, and severa...
Bankers would like minimum reserves set up for leasing companies, too
Bankers have asked the NBR (National Bank of Romania) to set up minimum mandatory reserves for leasing companies for the funds they attract, in the wake of increased competition due to the r...
BCR Asigurari de Viata, turnover up 64% in Q1
BCR Asigurari de Viata, the life insurance company recently taken over by Vienna Insurance, closed the first quarter of the year with turnover worth 25 million RON (6.8 million euros), up 64...