Romania
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Romania’s 100 Largest Cities Lost 1.5 Million Inhabitants In Nine Years
In the last nine years, the population of Romania’s 100 largest cities fell by around 16% from 9.6 million inhabitants in 2002 to 8.1 million inhabitants in 2011, according to data centraliz...
OTP Bank Romania Switches To Losses In First Half
OTP Bank Romania, the local unit of Hungary’s financial group OTP, has switched to a loss of 242 million Hungarian forints (EUR869,000) in the first half of 2012, versus profit of HUF1.47 bi...
Holcim Romania Cement, Clinker Sales Down 1% In 1H
Holcim Romania's sales of cement and clinker dropped 1% by volume in the first half of 2012, compared with the similar period of 2011, while prices increased by 1.2%, Swiss group Holcim anno...
Tour Operators TUI, ITS Plan To Withdraw From Romania
TUI and ITS, two of the world's largest travel companies, intend to stop bringing tourists to Romania starting next year, unhappy with the absence of promotion on the German market and Roman...
Allianz’s 1H Underwritten Premiums In Romania Down 4.5% To EUR105M
The volume of insurance premiums underwritten by German group Allianz in Romania fell 4.5% to EUR105 million in the first half of 2012, compared with EUR110 million in the year-earlier perio...
UPC Romania 1H Dollar Revenue Down Nearly 10% To $66M, Slightly Up In Lei
Revenue of cable operator UPC Romania fell 9.7% to $66 million in the first half of 2012, compared with $73.1 million in the same period in 2011, but, computed in Romanian lei, the company’s...
Greek Retailer Sprider Sells 17-Store Romanian Unit For EUR640,000
Greek fashion retailer Sprider is selling its loss-incurring Romanian unit, Sprider Stores SRL, to Cyprus-registered Naqua Investments, which operates in fashion retail in Eastern Europe, fo...
Piraeus Bank Absorbs Ailing ATEBank’s Sound Assets, Including Romanian Unit
Greece's Piraeus Bank has absorbed the performing assets of ailing state-owned lender ATEBank, including the ATEbank Romania subsidiary, amid a process meant to restructure and financially s...
Millennium Bank Romania Narrows Loss 35% In 1H 2012, To EUR6.5M
Millennium Bank Romania narrowed its 2012 first-half losses by 35.2%, to EUR6.5 million from EUR10.1 million in the first half of 2011, Portugal’s Millennium bcp, which owns the Romanian uni...