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New Owner Expects EBITDA Break-even From Mechel's Former Plants In Targoviste, Buzau
Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, expects the two units in Targoviste and Buzau to post zero EBITDA (earnings before interest, tax, de...
Banca Carpatica Eyes 35% Rise In 2013 Net Profit
Romanian lender Banca Comerciala Carpatica (BCC.RO) estimates its net profit will rise 34.8% to 33.7 million lei (EUR7.6 million) in 2013, helped by fewer costs with interest rates, the bank...
Garanti Bank Expects Romanian GDP To Grow 1.7% In 2013
Romania’s economy will likely increase by 1.7% in 2013, from a meager growth of 0.3% a year earlier, helped by stronger investments and a higher absorption rate of European funds, according...
SIF Transilvania Expects 29% Lower Profit In 2013, Hit By Higher Costs
Romanian regional investment fund SIF Transilvania (SIF3.RO) expects its net profit to fall 29% to 150 million lei (EUR34 million) in 2013, on higher investment costs, the fund said in its d...
SIF Oltenia Expects Net Profit To Rise Modestly In 2013
Romanian regional investment fund SIF Oltenia (SIF5.RO) estimates its net profit will rise 2.2% to 90.32 million lei (EUR20.4 million) in 2013, from RON88 million a year earlier, the fund sa...
BRD Eyes Return To Profit In 2013 As Risk Costs Poised To Drop
Romania's second-largest lender BRD-Societe Generale (BRD.RO) expects it will return to profit in 2013, helped by lower risk costs, the bank said in its draft revenue and expenditure budget...
3M Has Bold Plans For Romania
3M’s business plan for Romania envisages double-digit growth in the next few years, says Giuseppe Castaldi, 3M’s vice-president for Central and Eastern Europe.
Terapia Ranbaxy Plans To Invest EUR10M In 2013, Targets 10% Higher Sales And Exports
Romanian pharmaceutical company Terapia Ranbaxy plans to invest around EUR10 million in 2013 and targets 10% higher sales and exports, the company’s general manager Dragos Damian said Tuesda...
Erste Expects BCR To Return To Profit In 2013
Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk...