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Gas storage pushes WIEE into the red
WIEE Romania, the domestic unit of WIEE, ended last year with losses, posting a minus of 0.4 million euros. In 2004, the company had reported net income standing at 22,000 euros. "The losses...
Breweries pour 14m-euro profit into InBev accounts
Interbrew Romania, the third-largest player on the domestic beer market, broke even last year, after having posted losses of 3.4m euros in 2004. The brewer last year posted net profit worth...
BCR makes 90 million-euro profit four months into the year
BCR posted 90 million euros in net profit four months into the year, an increase of some 20% compared to the same period in 2005. Assets overshot the 11 billion-euro mark, Nicolae Danila, th...
Alum goes into the black
Alumina manufacturer Alum Tulcea, owned by Alro Slatina, logged a net profit worth over 1 million euros (3.8 million RON) in the first quarter, as compared with losses worth 4.8 million euro...
Carpatina into the black
Carpatina, owned by Lipomin Lipova, posted a 17.1 million RON (4.3 million euro) turnover in 2005, a 32% increase against the 2004 figures, when it posted 12.9 million euros. Carpatina turne...
Electrica Oltenia slips into the red under CEZ
Electrica Oltenia, the biggest electricity distributor, in terms of numbers of clients in Romania, went into the red last year, when it was taken over by the Czech-owned CEZ company. The ele...
King of timber goes into the mutual fund business
UDMR (Democratic Alliance of Hungarians in Romania) Senator Verestoy Attila, one of the richest politicians and one of the largest investors on the capital market has entered the mutual fund...
Exports and automation push Dacia into the black
Investments in automation, outsourcing and the simplification of the manufacturing process due to the introduction of the Logan model helped Automobile Dacia double turnover and start turnin...
700m euros disappear into thin air in a single day
The blue chips of the Bucharest Stock Exchange ended yesterday having declined by up to 6 percent, with no precise cause having been pinpointed. This was perhaps an attempt on the part of sp...