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Electrolux logs 94% first half growth due to consumer credits
The strong growth in the sales of the home appliance retail chains following the introduction of the hire purchase has also influenced their main suppliers, i.e. the producers. World's leadi...
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...
BCR sees 23% first half profit decline
The slump in profit margins prompted by fiercer competition, higher expenses on provisions for the default risk from borrowers and larger investments. All these have led to a serious drop in...
Banca Transilvania posts lower first half profit
Banca Transilvania posted 236.35bn ROL gross profit in the first half this year, down 6.6% in nominal terms compared with the same time in 2002. The actual decline - that is if considering t...
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...
Departure of foreign execs pushes rents down to half
Luxury homes are no longer in demand, some say, while other realty agencies swear that such residences are still popular. The departure of foreign managers, who have been replaced by local e...
Metro Romania sales climb 40% in the first half
Metro Romania sales climb 40% in the first half