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Tanasescu promises 0.5% lower arrears and 9% inflation
The first item in the agreement the Government is looking to sign with the International Monetary Fund will be the series of measures that needs to be set and taken to curb arrears and preve...
Lower profit for Aversa
Pump maker Aversa Bucharest in the first half of this year registered three times lower profit as compared to the similar period of last year. The company's H1 net profit reached only 458 mi...
Fivefold lower profit for Electroaparataj
Albeit it registered sales that exceeded the target it had set for itself at the beginning of the year, Electroaparataj, a producer of electrical equipment and accessories, posted a slump by...
Comelf profit three times lower
Environment protection equipment maker Comelf Bistrita's profit shed two thirds in the first half of the year, compared with the same time last year, although sales progressed by more than 5...
Budget for lower GDP
Romania will be unable to maintain its growth pace above 5% this year, albeit the Economic EU Pre-accession Programme had anticipated 5.2% growth that should be attained in the next three ye...
Ilefor: lower costs prompt profits
Targu-Mures based furniture plant Ilefor, a member of Mobexpert group, registered H1 revenues standing at 139.8 billion ROL ($4.2m), down 3.5% since last year. Nevertheless, the company's ne...
Electromagnetica - higher sales, lower profit
Electromagnetica Bucharest, a producer of electrical and electronic equipment, posted first-half profit of 19.3 billion ROL, 13% lower in nominal terms since the year-ago period. The decline...
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...
Lower VAT for drugs and social housing
Certain goods and services might see a lower VAT quota as of next year, Mihai Hura, deputy director general within the Finance Ministry yesterday said. "The low quota will almost certainly b...