Archive » November 2008 » 13 November 2008 The english news from 13 November 2008
Romania's UniCredit Tiriac Bank hikes net profit by 31% y/y in the first nine months, to EUR 76m
Romanian lender UniCredit Tiriac Bank posted a 31 percent higher net profit in the first nine months versus the same period in the previous, to 278 million lei (76.4 million euros), following significant advance in revenues, the bank announced…
PE funds hope for at least 10 deals by year-end
The value of private equity (PE) investments in Romania dropped 30 percent in this year's first quarter, compared to the same period in 2007, down to €195.2 million, according to data provided by the South Eastern Europe's Private Equity Association (SEEPEA), founded in August 2005 by 3 fund management companies…
57,500-dollar premiums to insure one million dollar worth of Romanian bonds
The cost of insurance against the non-payment risk for bonds issued by the Romanian state has surged after Fitch's decision to downgrade its sovereign rating by two notches - coming close to the highs reached in October, when international financial markets were in turmoil…
Kraft Foods Shuts Down Romanian Chocolate Factory By End 2009
Candy and coffee maker Kraft Foods Romania will shut down its chocolate factory in Brasov, central Romania, and will relocate activity to other units. The unit in Brasov is the only one Kraft owns in Romania, and has about 440 employees…