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Petrom tries to cut down costs at refineries
Petrom will invest one billion euros over the next five years to retool and slash production costs of Arpechim Pitesti and Petrobrazi Ploiesti refineries. The company''s management on Monday...
Rotta: Car market gulps down huge investments
Razvan Rotta, general manager of Compexit Cluj group, dealer of Skoda and Seat cars in Transylvania, believes the car industry is swallowing up huge amounts of investments, so that the group...
Floods and accidents drive Allianz-Tiriac profit down
Allianz-Tiriac, the leader of the insurance market, posted a 9 million-euro net profit last year, derived from the general insurance business. The profit was down 10% from 2004, despite a 30...
RomTelecom profits down 84% in Q4, 2005
RomTelecom profits down 84% in Q4, 2005
Broker''s profit down to half
Broker''s profit down to half
Patriciu case sends Stock Exchange tumbling down
The Bucharest Stock Exchange took a nosedive yesterday, as a ruling on the arrest request for businessman Dinu Patriciu is now expected on February 24, instead of March 3. The shares of Romp...
Dacia and Daewoo down, imports still high up
Car sales increased in the first month of this year to 17,300 units, 17% more than in the same period of last year, but the two main segments - imports and Romanian cars had a completely opp...
Petroleum drags Oltchim profits down
The chemical company Oltchim Ramnicu Valcea on Monday reported a steep decline in profits for last year, as compared with 2004, despite having succeeded in further increasing its sales, whic...
Mittal Steel Galati output down 16% in 2005
Mittal Sidex Galati steel mill, part of the Anglo-Indian Mittal Steel Group, the largest producer of steel in the world, witnessed a 16% decline in steel output compared with 2004, as a resu...