growth
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Aviva sees 60% growth
Life insurer Aviva Romania posted 109bn ROL in H1 gross premiums underwritten, 60% more in ROL as compared with the corresponding period of last year. The increase amounts to some 30% in eur...
Farmec expects 40% growth
Cosmetics company Farmec SA Cluj Napoca expects cold cream sales to go up 40% in dollars this year, due to significant investments in advertising and the launch of new products. Company offi...
Lending growth benefits insurers
Astra Asigurari collected $23 million's worth in gross premiums in H1, up 45% in nominal terms from the same time in 2002. "The increased number of housing loans and consumer credits is expe...
Baneasa airport sees 25% growth
State-owned International Airport Bucharest Baneasa (AIBB) estimates 2.5m euros in revenues this year, up 25% since 2002, AIBB general manager Sorin Ciobanu said. Next year's revenues are ex...
Orange Romania posts 34% first half growth
The arrival of new players following the deregulation of the domestic communications market as of January 1, 2003 was expected to also lead to a division of the money the consumers were will...
Connex growth fuelled by static exchange rate
Some companies have been losing money because of the euro appreciation against the dollar, while others earned serious revenues because the ROL/USD exchange rate has hardly budged in the pas...
Euro growth makes Brits go skiing in Romania
What is the connection between the London City and Poiana Brasov? Well, it is the sterling pound. Its declining rate against euro will make a difference for the accounts of the hotels operat...
Grawe seeks 5% profit growth
Grawe Romania Asigurare, a company specialising in life insurance, posted 38.3bn ROL (over 1m euro) premium-related revenues for the first half, 2.57 times up from the year-ago period, when...
QAB announces 37% growth
Quadrant Amroq Beverages (QAB), Pepsi, Prigat, Lipton Ice Tea, Kick soft drinks and Perla mineral water bottler has announced 37% "growth" in Q2, over against Q2, 2002. The company officials...