News - Business Review


BRD to get new president-general manager

News November 14, 2009 17:50 0 comments

Poupet (57) has been working for Societe Generale Group since 1975 and started his career as a controller. Since 1983 he has held top management positions in the group's subsidiaries from Argentina, Senegal, the Czech…more »

Intesa Sanpaolo Bank posts 20 percent increase in net earnings

News November 14, 2009 17:50 0 comments

It also increased its credit portfolio by 20 percent and deposits by 45 percent in the same period. All the financial indicators are reported according to International Financial Reporting Standards (IFRS). "Intesa Sanpaolo Bank posted…more »

New company targets rural entrepreneurs

Agriculture November 14, 2009 17:49 0 comments

The new company will offer micro-loans and consultancy services to both rural entrepreneurs and customers that lack access to traditional banking services, through 10 regional offices in 21 counties. "Our objective is to offer over…more »

A&D Pharma posts EUR 355 million in sales

News November 14, 2009 17:49 0 comments

The pharmacies division under the Sensiblu brand has seen a 41 percent increase in its turnover during this period on its RON results, while in EUR, the turnover grew by 22 percent to EUR 135.7…more »

Miele puts EUR 24 mln into Brasov factory

News November 14, 2009 17:49 0 comments

The plant in Romania is Miele's fourth outside its home country Germany, with current units running in Austria, the Czech Republic and China. The factory in Brasov produces electronic components which are then integrated into…more »

British Airways drops business class tariffs, expects lower revenues in Romania

News November 14, 2009 17:48 0 comments

While the number of passengers this year should stay the same, revenues will not, said company representatives, without offering further details. BA has cut its economy fares as well and due to the crisis has…more »

Romania is priority market for Ulker

News November 14, 2009 17:48 0 comments

In the European Union, Ulker has production units only in Romania and Belgium. "We opened in Romania because the position of the group is better here than in other countries in the region. At the…more »

Millennium Bank completes its territorial network development

News November 14, 2009 17:47 0 comments

The previously specialized consumer finance units have been supplied with teller desks, so customers can also carry out transactions and make deposits.The process began in July and included development works at the former credit centers,…more »

Rompetrol Rafinare shows signs of recovery, but continues to post loss

News November 09, 2009 15:29 0 comments

Rompetrol Rafinare generated consolidated revenues of USD 2.33 billion in the first nine months of the year and an EBITDA of approximately USD 7.2 million while specific markets and macroeconomic indicators have shrunk dramatically. The…more »

President designates Liviu Negoita as prime minister after previous choice was rejected by Parliament

News November 09, 2009 15:29 0 comments

Basescu's announcement of the new PM comes after he said during consultations with the political parties that he did not want to put off the forming of a new government until after the presidential elections…more »