The statement was made during a presentation quoted by Forbes. Banco Comercial Portugues plans to invest €40 million ($53.7 million) in Romania this year alone. All investment is concentrated in urban areas. The Portuguese bank believes that such an investment effort would force losses of about €30 million this year. It says it forecasts a return to profit by 2011. BCP representatives say the Romanian branch will become an engine of growth for the Millenium group. It will focus both on corporate and residential services. (hotnews.ro)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
