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Prista Oil: New cars set the bar higher for lubricant market
Bulgarian lubricant manufacturer Prista Oil, present on the local market for around 10 years, believes the presence of car manufacturers in Romania, as well as the rise of the import market...
Cost of holidays up almost 20% due to higher oil prices
Oil prices of 140 dollars per barrel are leaving their mark on the prices Romanians pay for holidays. Travel agencies say summer holidays spent abroad are this year 12-20% more expensive on...
Takata Petri: Car industry needs higher productivity
Takata Petri, Japanese manufacturer of auto components and safety systems, which holds three plants on the local market, believes Romania is still an attractive location for automotive manuf...
Electromagnetica doubles business, and derives 10-fold higher profit
Electricity producer Electromagnetica (ELMA) posted 9.2 million RON (2.5 million euro) net profit in the first quarter of this year, more than 10 times higher than in the same time in 2007,...
AIG Romania, 3.5 times higher net income in Q1
AIG Romania, the general insurance subsidiary of American International Group, in the first three months of this year generated net income worth almost 2.5m RON (0.7 million euros), 3.5 time...
Ceramica Iasi sees 29% higher revenues
The revenues of construction supplies producer Ceramica Iasi rose by 28.8% in the first quarter of the year, and reached 14.38 million RON, while net income dropped slightly from 2.6 million...
TAROM posts 25% higher turnover in Q1
National company TAROM, the leading air operator on the domestic market, posted turnover worth 56 million euros (84 million dollars) in the first quarter of the year, up 25% (in dollars) com...
Mercedes sees 80% higher sales
Mercedes-Benz Romania, which imports six automotive brands on the local market, saw an over 80% growth rate in the first four months of the year, with the number of vehicles delivered reachi...
Carpatair sees 17% higher traffic
Regular airline Carpatair, one of the top three players on the market, transported 131,000 passengers in the first three months of the year, up 5% compared with the budgeted increase for 200...