growth
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Vinci poised for growth in Romania
After five rather discreet years on the Romanian market, Vinci, one of the world's leading construction companies is beginning to make its presence known. In the past two years, projects wor...
Napolact sees 11% growth in 2003
Cluj-based dairy producer Napolact is planning to attain 11.6 % ROL turnover growth in 2003 as compared to 2002. Last year, the company's turnover reached 28.4 million dollars (940 billion R...
Government maintains economic growth forecasts
The 5.2% economic growth forecast for this year maintains and stands all the chances of being exceeded, Development and Prognosis minister Leonard Cazan yesterday said. He says the pessimism...
Xerox growth in Romania and Bulgaria
The Romanian and Bulgarian branches of the US-based photocopier maker Xerox Corp. were the only European branches of the company to have posted growth last year, Ricardo Berrio, customer ser...
EIU: delayed privatisation hinders BCR growth
Extending the privatisation of Banca Comerciala Romana (Romanian Commercial Bank - BCR) until 2006 will result in losing significant opportunities for the bank to develop, given the expandin...
Carrefour sees 9% Q1 growth
The Bucharest-based Carrefour hypermarket posted sales worth 21 million euros in the first quarter of the year, accounting for a 9% increase in euros as compared to the year-ago period. The...
Growth no longer justified
The National Bank of Romania's (NBR) foreign currency reserves, now totalling 5.82bn euros, will primarily keep up with the import growth pace and will consider covering the refinancing of t...
End of a growth cycle or mere fault?
Industrial output in absolute volume fell some 2% in February compared with the same month of last year, the first serious break in the upward trend of this index since 2000.The National Sta...
Fitch sees 4.5% economic growth
International rating agency Fitch expects 2003 to bring solid economic performance for Romania, forecasting a 4.5% GDP increase, down from the 4.7% growth estimated for last year. "The GDP g...