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Medicare hit by lack of investment in health care
Medicare hit by lack of investment in health care
Sara Lee hit by consumer lending boom
Arad-based Safilar SA and Coturnix SRL, the local importers of US giant Sara Lee products, last year derived turnover worth 9.3 million euros, up 5% from the previous year. This year, turnov...
Semanatoarea hit by slow year
Agricultural plant and equipment maker Semanatoarea Bucharest concluded 2003 with 5.3 million-euro turnover, down 11% from the previous year when it made 5.95 million euros. Estimates for th...
Oriflame Romania hit by consumer lending
Oriflame Romania, the local branch of the Swedish cosmetics producer, had great expectations for 2003, as it planed to grow 30% in real terms. However, the company hit a nine-year record-low...
Savings hit by low interests
Savings in the banking system increased only 1.1% in nominal terms in August, up to 94,990bn ROL, fuelling the central bank's concerns about eroding savings. The fast-paced decrease of inter...
Famos hit by recession
Harghita-based Famos, a maker of furniture and wooden panels, which it exports, concluded first half with poorer results than last year due to the recession in Western Europe. The H1 turnove...
MJ Maillis to hit sales growth target
MJ Maillis Romania, a packaging and packaging equipment producer, in the first half of the year registered turnover worth 4.5 million euros (166 billion ROL), up over 60%, in nominal terms,...
Downturn, shinking numers of tourists hit travel agencies
The economic downturn is affecting Romanian travel agencies. The domestic tour operators have failed to meet original forecasts, as H1 sales were either flat or posted a very slight increase...
Government, IMF talks hit deadlock on budget deficit
Romania will see through the current stand-by agreement with the International Monetary Fund in October, but only after pledging to start negotiations for a new agreement in the very same mo...