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Margarine market down 11% in 2002
Not so long ago, market surveys used to show a surge in the consumption of margarine, which was prevailing over butter. The milk industry associations and particularly APEL (Alliance of Educ...
Astra shareholders turn down $200,000
Kreyton Limited, registered in the British Virgin Islands has managed to buy the entire 23.4% stake it set out to get by the close of the public purchasing offer for the shares of Ploiesti-b...
Biofarm sales slightly down
The leading Romanian natural drugs maker Biofarm Bucharest saw its sales slide from 9.3 million euros in 2001 to 9.1 million euros in 2002. Profit followed suit and went down from 2.8 millio...
Braiconf sales up, profit down
Shirts maker Braiconf Braila concluded 2002 with 53bn ROL ($1.6 million) in net profit, down from the previous year in real terms. The company had posted 50.2bn ROL ($1.7 million) in 2001's...
Otelinox profit down 40%
Laminated steel products maker Otelinox Targoviste last year posted 191bn ROL ($5.8 million) in net profit, down 40% in real terms from the previous year, when it had made 280bn ROL ($9.6 mi...
Banking rates keep spiraling down, trend expected to endure
Do you remember the 100-120% annual rates offered by the banks for one-month deposits back in 1997? Those days are long gone, with the banks now paying ten times smaller rates. Or, to make i...
Romania down in competitiveness rankings
Romania has lost ten places last year in the global competitiveness rankings drawn up by the World Economic Forum, ranking 66th in close proximity to Vietnam (65) and Indonesia (67). The US...
End of an era: SNP Petrom's Ion Popa steps down
Industry and Resources minister Dan Ioan Popescu yesterday approved the resignation of Ion Popa, who stepped down from his position as general manager of SNP (National Oil Company) Petrom. P...
Kraft Romania sales down
A "star" among the Central and Eastern European satellites of the American company Kraft Foods International until recently, due to its high sales volume, Kraft Foods Romania (KFRo) failed t...