Q1
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Electroaparataj slips into the red, with 1m-euro losses in Q1
Bucharest-based Electroaparataj stepped into the red in the first quarter of the year, after the company derived losses worth 1 million RON, even though it posted 630,000-RON profit in Q1, 2...
Zentiva sales, down 44.1% in Q1
Net sales of Czech pharmaceutical producer Zentiva in Romania fell 44.1% in the first quarter, to 340.7 million Czech korunas (13.6 million euros), amid a shift in its development strategy o...
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...
Rombat sells 14.7m euros' worth of batteries in Q1
Bistrita-based Rombat, the main domestic maker of car batteries, posted more than 14.7 million-euro turnover in the first three months of this year, an increase of 165% on 2007. "The improve...
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...
BRD derives 70m-euro net profit in Q1
BRD, the second-largest bank on the market, posted profit worth 70 million euros (259 million RON) in Q1, up 37% on 2007. In RON, the difference was a 54% increase, after the RON depreciated...
Teva's turnover up 15% in Q1
Teva Pharmaceuticals Romania reported a 15% turnover increase in the first quarter of the year, to 3.5 million dollars, compared with the same period last year, and estimates an around 60% i...
7.5% economic growth in Q1 and 0.14% budget surplus in four months
The estimated Gross Domestic Product (GDP) rose by 7.5 percent in the first three months of the year, which is the biggest first-quarter leap the economy has made since 1990, economy and fin...
Howard Johnson, 30% increase in Q1
The Howard Johnson hotel in Bucharest, controlled by businessman Gabriel Popoviciu, posted turnover worth 4.9 million euros (18 million RON) in the first three months of the year, up 30% on...