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Relocation from England means double sales in Romania
Bearings producer Timken Ploiesti, a subsidiary of U.S. group Timken - the world's third-largest player on this market, will double turnover in the next years, following relocation of operat...
Double three-month profit for MJ Maillis
Packaging maker MJ Maillis logged 130% higher net profit in real terms for Q1, compared with the same time last year, that is 4.4bn ROL. The profit growth was higher than the increase in tur...
Double Q1 earnings for Azomures
Chemical fertilisers producer Azomures Targu Mures logged Q1 net profit worth 145 billion ROL (4.4 million dollars), almost double the profit derived in the same period of the previous year,...
LG changes strategy to double sales
In an attempt to boost operations on the Romanian market, South-Korean group LG Electronics has enforced a change in strategy. Whereas the group has worked only with distributor Romanel in t...
Double profit for Impact
Real estate developer Impact Bucharest reported preliminary net profit worth 175bn ROL ($5.24m) for 2002, more than double in nominal terms as compared to the previous year. The company's re...
Gregory's sees double sales
Gregory's, the chain of fast-food restaurants, expects double sales this year, up to 1.7 million dollars from the $850,000 posted last year, said Teodora Ungureanu, the company's marketing m...
Acquisitions double Vel Pitar turnover
Milling and bakery products maker Vel Pitar Ramnicu Valcea posted 528bn ROL ($16.1 million) in turnover for the first nine months of 2002, that is 125% more in real terms than in the same ti...
EBRD: FDI could double
Most of Romania's economic growth over the past few years is in fact making up for all the losses in the difficult years at the end of the last decade, instead of a real progress, the Europe...
Imports double trade deficit
After having kept a low profile for eight months, imports burst out in September, exceeding $1.5bn. This was enough for the trade deficit to double compared with the August level, reaching $...