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Petrotub logs bigger losses
The financial situation of Petrotub Roman, a producer of cast iron and steel tubes, has significantly worsened in the first half of the year, at a time when the company's privatisation seems...
Sicomed sees bigger profits, receivables
The upward trend posted by drugmaker Sicomed Bucharest in the first quarter of 2003 has continued throughout April-June. High receivables, though, which almost equal turnover, remain the com...
Fiercer competition and bigger investments push banking profits down
"In the years to come, inflation will drop and profit margins will shrink so that, unless volumes increase, the banks' earnings will be endangered." This statement belongs to National Bank o...
BCR sees bigger leasing market
BCR Leasing, held by the largest Romanian commercial bank (BCR), closed almost 3,000 financing contracts totalling over 52m euros in H1, four times more than in the year-ago period. The leas...
LNM Holdings eyes bigger slice of Romanian steel industry
Steel group LNM Holdings, owner of the main stakes in Ispat Sidex and Tepro Iasi, may significantly increase its presence on the Romanian market this year. LNM is the only group to have subm...
Bigger sales, smaller profit for Otelinox
Combinatul de Oteluri Speciale (Special Steel Plant) Otelinox Targoviste posted a very small profit in Q1 compared with last year when it was making 24bn ROL, even though turnover did go up...
Lacoste wants 20% bigger sales
The only Lacoste store in Romania expects sales to grow 20% this year. The second store will be opened in the second half of 2003, but the location has not been selected yet. "The sales of o...
Bigger sales, smaller profit for Aerostar
Aerostar Bacau sold more last year but gained less than it did in 2001. The trend is expected to maintain in 2003, but the company announced it had received new orders and concluded partners...
EBRD wants bigger and better economy
The European Bank for Reconstruction and Development (EBRD), one of Romania's main lenders, has adopted a new strategy for the Romanian market, stipulating support for accelerated investment...