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Mini-loan with maxi interest: 100% a year for 600 RON
Romanians'' hunger for loans has created a new market niche: small short-term loans loan granted at home, with 50% interest for six months. The company that identified the new market niche i...
Transelectrica prepares for floatation with Ã29m profit
Transelectrica national electricity transmission company concluded last year with 36% higher net income in euros, but did not manage to top the profit posted in 2003. The company is going to...
Ilefor makes more furniture with fewer employees
Targu Mures-based furniture manufacturer Ilefor estimates a turnover worth 6.1 million euros for this year, a 10% increase against the figure seen last year. In 2005, the company''s financia...
Daimler Chrysler teams up with Tiriac to sell Mercedes cars
German-American group Daimler Chrysler will become directly involved in the business to sell Mercedes cars on the Romanian market in 2007. It will do so by forming a joint venture with Autor...
Lafarge operates with a 25-28% profit margin
French group Lafarge last year posted turnover worth 240 million euros, 20% higher from the level reached in 2004. "Sales are growing fast because Romania is growing fast. The construction m...
Comvex Constanta starts the year with losses
Harbour operator Comvex Constanta witnessed losses worth 0.12 million euros (0.45 million RON) for the first quarter, with the company''s turnover shrinking by 35%. In the first three months...
Indians at Asmita build flats with Greek money
The Indian real estate developer Asmita will complete the first stage of the Asmita Gardens residential project, which includes 320 flats, in September of 2008, according to company official...
Contracts with Bosch and Dacia boost Sinterom business
Contracts signed by Bosch and Dacia Renault will this year bring Sinterom, a member of Serviciile Comerciale Romane (SCR) group of firms, a 33% increase in turnover against the figures poste...
Aerostar starts 2006 with a six-fold higher net income
Aerostar Bacau, a company that makes and repairs aircraft, posted 0.55 million euros (nearly 2 million RON) net profit in the first quarter of this year, about 6 times higher than the profit...