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CMB Travel eyes 20% boost
Travel agency CMB Travel posted 4.4m euros in turnover in 2003, up 7% from 2002, and forecasts 20% growth in ROL for this year. "We re-positioned on the market at the beginning of 2003 by ch...
New brands boost Vincon sales
Wine producer Vincon Vrancea reported $21m in turnover last year, up 24% from 2002's $17m. "The growth was mainly fuelled by the fine wines, which surged 27% from 2002, as we launched the Vi...
Bosch and Honeywell boost Compa's turnover
Automotive parts maker Compa Sibiu will witness a strong sales growth this year from 990bn ROL ($30 million) in 2003 to 1,700bn ROL (more than $45 million), due to the contracts closed with...
Thermopane glass erodes varnishes, credits boost washable paints
The market of varnishes and paints in Romania is running at two speeds. Whereas dispersions (which include washable wall paints) progressed 4% in 2003 from 2002, the varnishes keep losing gr...
Deductions to boost insulator market
The deduction of the expenses for thermopane windows from the global income tax will not only give a boost to the thermo-insulating glass market but also to the industries providing it with...
Friesland to see 10% boost
Dairy producer Friesland Romania, a subsidiary of the Dutch company estimates a 10% sales boost this year, up to 31.9m euros. After having focused on production and expansion in the last thr...
Banks boost Asiban's turnover
One of the few Romanian-held top insurers in Romania, Asiban, has tripled the amount of gross premiums collected in the first nine months of this year from 336bn ROL to 1,031bn ROL. The grow...
Mutual funds cut fees to boost market share
The interest rate cuts and the fiercer competition on the market of mutual funds are making increasingly more fund managers start thinking about cutting the fees levied for redemption and mo...
Auto sales up 17% in nine months, Romanian-made cars see boost
Car sales on the Romanian market totalled 95,000 units in nine months this year, up 17% up from the year-ago period, the Romanian Carmakers and Importers Association (APIA) statistics show....