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Lower profit for Antibiotice
Drug producer Antibiotice Iasi reported a 14% slump in its Q1 profit in real terms, from 1.15 million dollars (37.22bn ROL) in 2002 to 0.98 million dollars. The decline in profit occurred am...
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,...
CSA files for Metropol's bankruptcy
Metropol has come closer to liquidation after the Commission for Insurance Surveillance (CSA), together with other six creditors, filed for the company's bankruptcy in court in late April. T...
Hot summer for soft drinks
The hot summer ahead is making soft drink vendors think sales are going to surge this summer. Catalin Lascu, PepsiCo Beverage International's franchise manager for Romania, Bulgaria and the...
Winter disappointment for cosmetics business
The long and hard winter has upset the forecasts of companies in the cosmetics industry, whose representatives are now voicing disappointment. They say the beginning of the year, the first q...
Leasing more suitable for investments
"We want to change Romanians' idea of leasing. The leasing is not a way of buying a car, but a way of financing an investment. It is not a way to stimulate consumption, it rather a way to ma...
Larger stocks, profit slowdown for Petrom
SNP Petrom's oil product stocks went up by more than 4,000bn ROL ($120 million) in Q1, 2003, while the profits kept sliding. Analysts estimate the main cause for the increase in the company'...
US criticism for Romania in IMF meeting
The structural reform conducted by the Romanian authorities thus far was harshly criticised during International Monetary Fund's Managing Board meeting two weeks ago. Unofficial information...
Group to lobby for Labour Code modification
Seven employer confederations will soon create a group to lobby for the modification of the Labour Code in Parliament, given that the enforcement of this normative act yields a series of neg...