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Metro's sales up 35% in H1
The largest international store chain in Romania, Metro Cash & Carry, posted 400m euro sales in the first half this year. Although the growth compared with last year is 35%, the company stil...
Brau Union sales up 15%
Amid preparations for closing down the Reghin-based brewery because of the excess productive capacity, Brau Union Romania, the domestic beer market leader, logged 1.68 million hectolitres in...
Credits up, deposits very slow to progress
Banks maintained the high growth pace of the lending for individuals and private companies in July, as well, though not as high as throughout March-May. The lending progress, however, mainta...
Foreign investments, up, but not statistically
The take-over of Cluj-based Terapia drug maker has ruined Bucharest Stock Exchange's net foreign investment (acquisitions minus sales) statistics, which had been positive in the first five m...
Credits up in July, too
The credit volume the banking system granted to individuals and legal entities maintained its growth pace, progressing by 3.2% in July, to 231,600bn ROL, while the individuals' ROL deposits...
Mobile phones, accessories and services make up a $350 million market
Hundreds of millions of dollars reach the accounts of the mobile telephony operators in Romania every year. The top two players on this market, Connex and Orange had come to total more than...
PKN wants to team up with MOL
Polish PKN Orlen may enter the race for SNP Petrom's privatisation by submitting an offer together with Hungary's MOL, Warsaw Business Journal reports, quoting the online financial publicati...
Astoria Mamaia up for sale
The shareholders of the Mamaia-based Astoria Hotel have put it up for sale by auction organised on September 12, with the starting price set at $1.5 million. According to the sale notice, th...
Ana Electronic profit up tenfold
Ana Electronic, a company affiliated to Ana Group (owned by businessman George Copos), posted 4.2bn ROL (about 115,000 euros) net profit in the first half of the year, up almost eleven times...