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Lottery sees profit down to half
The Romanian Lottery last year saw a gross profit worth 29m euros, (105m RON), about half the total in 2004, although, it maintained a comparable turnover. The Romanian Lottery, one of the m...
E.ON Moldova sees profitability down, business up
E.ON Moldova, the electricity distributor that became part of the portfolio of the German based utility giant E.ON, posted a gross profit of 1.2 million euros and a 302 million-euro turnover...
NBR''s foreign currency reserve slightly down
Last month the NBR''s foreign currency reserve saw a slight drop, by 80.3 million euros, to 18.2 billion euros. This is the first obstacle to hold back the expansion of the foreign reserve o...
Bird flu pushes Avicola sales down 85%
Poultry meat producer Avicola Focsani saw an 85% drop in sales last month after new cases of bird flu were reported. "It is hard to believe that we will end the year in the black. We have al...
OMV stations see net income down 15%
OMV''s petrol stations network in Romania last year registered net income worth 7.2 million euros, down 15% compared with 2004. Turnover logged by the company reached a level of 345 million...
Biofarm: business up, profit down
Drugmaker Biofarm Bucharest posted a turnover worth over 4 million euros (14.5 million RON) in the first quarter, a 26% increase in euros against a similar period of last year. Nonetheless,...
Dacia slows down on the domestic market
Sales of Dacia cars on the domestic market decreased by approximately 16% in the first four months of this year, from 39,309 units to 33,855 units, while production rose 16%, from 54,357 to...
Compa profit down 40% in Q1
Compa Sibiu, one of the main manufacturers of automotive parts in Romania concluded the first quarter of this year with 0.33 million euros (1.18 million RON) in net profit, down 40% from the...
Deductible interest rate down from 7 to 6%
The deductible level of the annual interest rate for the 2006 fiscal year for loans in foreign currency contracted from entities other than banks or non-bank financial companies will drop fr...