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Alro profits down by almost 75%
Primary aluminium maker Alro Slatina saw its profits plunge by nearly 75% during the first quarter as a result of increased costs for raw materials and sales that remained at the same level...
Asirom to boost capital by 2.5m euros
Asirom is to increase its share capital by around 90bn ROL (2.48 million euros) through an issue of new shares. The increase will be submitted to the General Meeting of Shareholders for appr...
Romanian economy will grow by 5.5% in 2005, says EBRD
Romaniaa??s economy will grow by 5.5% in 2005, down from 8.3% in 2004, according to estimates presented by the European Bank for Reconstruction and Development (EBRD) at its annual meeting i...
Pernod Ricard not hurt by hike in excises
The Romanian branch of the worlda??s number three in the industry of liquors, French company Pernod Ricard, reported almost 40% higher sales for the first quarter of this year and said it ad...
Banks react strongly against suggestion by Copos to cut rates
"We are not running charities." "How do think Copos would react if a government authority had asked him to reduce profits at one of his hotels by cutting room rates?" These were some of the...
Mittal Steel raises capital by $20m
Mittal Steel Galati (formerly Sidex) is to increase its share capital by 579bn ROL (20 million dollars), the equivalent of 23 million new shares being subscribed by the majority shareholder,...
Budget adjustment delayed by floods
Completion of the budget adjustment has been postponed due to the floods, which were the cause of additional expenses requiring extra calculations, said Finance Minister Ionut Popescu. "The...
Angst retail chain boosts group business by 70%
Processed meats producer Angst Ro has seen its first-quarter turnover grow by nearly 70% to 8 million euros amid rising sales throughout its own 21-store-strong retail chain. "The group''s t...
YKK Romania wants to consolidate by investments
YKK Romania, a member of the Japanese YKK Group intends to consolidate its position on the Romanian market by making new investments, as part of its strategy to expand into Europe, Middle Ea...