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Electroarges: 14.5% higher turnover in Q1
Curtea de Arges-based Electroarges, producer of home appliances and engines for electrical machinery posted a turnover worth 7.86 million euros (28 million RON) in the first quarter, a 14.5%...
Intercontinental boss: lower salaries, higher profitability
The salary regime of the Romanian market is reflected in a much higher profitability rate of hotels in Romania compared with hotels operating in mature markets, says Hans Rudolf Rutti, gener...
Pipe makers profits higher than expected
Pipe manufacturers posted higher profits than originally estimated in their budgets, after they had seen a tremendous increase in financial results in 2005. Artrom Slatina, controlled by the...
20% higher revenues for Distrigaz Sud
Distrigaz Sud, the gas distribution company, which has become part of the portfolio of the French utilities group Gaz de France, estimates to reach a turnover worth 3.14 billion RON (some 87...
Aerostar starts 2006 with a six-fold higher net income
Aerostar Bacau, a company that makes and repairs aircraft, posted 0.55 million euros (nearly 2 million RON) net profit in the first quarter of this year, about 6 times higher than the profit...
Lower taxes generate higher foreign investor interest in Romania
The profit tax of only 16% is encouraging multinationals doing business in Romania to let their profits be subject to taxes in this country, or even try transferring price schemes to move pr...
Bucharest Stock Exchange expects five-fold higher profit
The BSE shareholders yesterday endorsed the 2006 budget during the General Meeting of Shareholders. "The profit estimate is largely based on achieving an average traded value of 14 million e...
Promex Braila: fewer employees, higher income
Industrial equipment producer Promex Braila, a part of the industrial group Uzinsider, last year posted a turnover worth 59.7 million RON (16.5 million euros), a 10% increase in euros compar...
Primola and Ulpio generate 90% higher gross income
Supreme Chocolat, the producer of Primola chocolate and Ulpio biscuits, last year registered gross income worth almost 3.3 million RON (900,000 euros), up more than 90% year-on-year. Supreme...