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InBev surprised by 5-8% lower demand at yearend
Mihai Ghyka, general manager of InBev Romania, producer of Bergenbier, says in the last three months of 2007 beer consumption experienced a downward trend for the first time in recent years...
Sofitel forecasts lower occupancy rate
Corporate contracts to provide accommodation for expats over a long period, generate 90% of revenues of Bucharest's Sofitel hotel (managed by the Accor group), according to company represent...
Hidroelectrica forecasts lower business and profit
Hidroelectrica, the cheapest electricity producer in Romania, forecasts business worth 1.93 billion RON (567 million euros) for this year, down by 9% against the results forecast by the comp...
BCR: Lower down payment on real estate loans
BCR, the largest bank in the system, has lowered the down payment it requires from its customers for real estate financing to 0% of the value of the investment, however such loans come with...
MOL Romania: higher profit, but lower sales
MOL Romania, the Romanian branch of the Hungarian petroleum group MOL, posted a net profit worth 6 million euros in the first nine months of the year, a value similar to the profits reported...
Three small banks risk receiving lower ratings from NBR
Banks that hold a significant share of the banking sector are expected to perform at least as well this year, as they did in 2006, but it is very likely that three credit institutions, which...
Erste: A&D Pharma's EBITDA margin could be lower than targeted
The EBITDA margin registered by the Romanian pharmaceutical company A&D Pharma could stand at 8.1% this year, against an initial target of 8.6%, according to Erste Bank analysts. "Given the...
Eurolines turnover lower than estimates
Eurolines, the second largest player on the market of international passenger transport, saw business worth 22 million euros in the first nine months of the year, up 16% against last year, b...
16% lower profit for Impact in Q2
Impact Developer & Contractor (IMP) company generated a net income worth 8.6m RON (2.5m euros) in the second quarter of this year, above the budgeted level and 16.5% lower against the corres...