RED
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Kvaerner IMGB out of the red?
Although it took five years from privatisation, IMGB Bucharest held by Anglo-Norwegian Kvaerner Group could end the year loss-free or even with a small profit. Also starting this year the co...
Plenty of red tape for Romania to curb
6,207 dollars. This is what a foreign investor had to spend either in terms of cash or time to start a business in Romania until not so long ago. Which is more than enough to make anyone giv...
Debts put Oltchim in the red
Chemical plant Oltchim Ramnicu Valcea has managed to make profit from its core business in Q1 this year, after a long time of losses. Its financial expenses, however, turned the operating in...
Petrom on red alert
SNP Petrom has set up commands to manage the possible events that may occur in case of a war against Iraq. The commands were set up both centrally and for every single one of its branches in...
BAT Romania slips into the red
British American Tobacco (BAT), leader of the local cigarette market, estimates it will post losses in Romania in 2002, for the first time in the past few years."Even though our profit in th...
Americans confirm: red tape stifles Romania
Romanian small and middle-sized enterprises (SMEs), which are expected to generate economic growth, are stifled by the bureaucracy jungle and operate in a harmful economic business environme...
Sony falls into red after film marketing charge
Sony posted net losses of 88.29bn yen ($841m) for the April-June period yesterday, falling into the red mainly because of one-off charges from a change in US accounting rules. The quarter's...