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Selgros slows down on Romanian market
Selgros, the cash & carry division of the German trade group Rewe is slowing down its expansion pace in Romania. Whereas in 2002 it anticipated to progress at a 3 to 5 stores a year speed, i...
Hidroconstructia's revenues, 20% down
Hidroconstructia, one of the top two Romanian construction companies in terms of turnover, saw an about 20% drop in the four-month revenues in ROL, which trend is expected to maintain all th...
Turbomecanica profit down 50%
Aircraft engine and mechanical subassemblies maker Turbomecanica Bucharest saw its profit shrink 50% in the first quarter this year.Net profit in the first three months amounted to merely 3b...
Drug market coming down with a flu
The Romanian drug market is starting to feel the effects of the arrearage in the health care system more and more powerfully. After many years of sustained growth in a row, the drug consumpt...
Unirea Iasi sales down 15%
Unirea Iasi, one of the leading players on the edible oil market, has seen an about 15% sales drop in the first quarter this year, compared with the same time in 2002, operational manager Ro...
RomTelecom operating revenue down 16% in Q1
Fixed telephony operator RomTelecom's operating revenues reached 198.4 million euros in Q1 this year, down nearly 16% from the same time last year. "This sharp revenue drop is due to a decre...
Kraft market share down to half
Increasingly fiercer competition and the low purchasing power have started to yield the first victims among chocolate producers. Kraft Foods Romania (KFRo), which was boasting 62% of the mar...
The party is over: margins must be cut down to half!
Banks are no longer encouraging Romanians to save money. The interests on banking deposits are just one step away from sliding below the inflation, and have already become real negative for...
Aerostar dividends down to half
Aerospace and military equipment producer Aerostar Bacau last year posted 61.2bn ROL net profit and estimates to see it up by 2bn ROL in 2003. The gross dividend per share for the 2002 fisca...