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12% lower two-month revenues
In spite of a very good season for the resorts in Valea Prahovei and of the good results posted by the hotels in Bucharest, the overall tourism industry had a very slow start of the year, ex...
Lower profit for Antibiotice
Drug producer Antibiotice Iasi reported a 14% slump in its Q1 profit in real terms, from 1.15 million dollars (37.22bn ROL) in 2002 to 0.98 million dollars. The decline in profit occurred am...
Impact profit, 13 times lower
Impact Bucharest construction company, one of the most dynamic firms listed on the Stock Exchange posted a sharp net profit decline at the end of the first quarter. Impact's profit in Q1 amo...
Turbomecanica sees lower revenues
The management of aircraft engines and mechanical subassemblies maker Turbomecanica Bucharest expects to see revenues reach 690bn ROL this year, while net profit should be worth 113bn ROL. I...
Lower revenues for state budget
The state budget in February collected 31% less than in January so that the 1,599bn ROL surplus at the end of that month had actually turned into a 3,874bn ROL deficit by late February. The...
Lower piracy boosts IT industry
Romania is among the countries that could benefit the most from a 10% decline in the software piracy by the end of 2006, shows a survey by the IDC market research company and Business Softwa...
Lower threshold for foreign investment
The minimal investment required from the foreign citizens that are or will become shareholders or partners of trading companies and at the same time hold or will hold management positions wi...
Oil Terminal sees lower profit this year
Oil Terminal Constanta profits will keep decreasing in 2003. At least this is what the Spending and Revenue (S&R) budget estimates. The company hopes to make 22.8bn ROL in gross profit this...
Lower tariffs for international calls
Some Romanians will be able to talk on the phone and use an operator other than the monopolistic RomTelecom soon after New Year's Eve, the second week of January to be precise. At least this...