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Body Shop sales flat in the first eight months
Cosmetics store chain The Body Shop Romania in the first eight months of this year registered sales worth 800,000 euros, largely equal to the sales posted in the same period of last year. De...
Inflation in the first eight months reaches 7.3%
The inflationary rate progressed only 0.3 percentage points in August, so that the annualised rate was 14.2% compared with August last year. This trend was due to the drop in foodstuffs pric...
Second Mall delayed for six months
Turkish group Fiba, which operates Bucharest Mall, postponed launching its second commercial complex for next fall, even though the group officials had initially stated it would open in Apri...
Napolact grows 20% in six months
Cluj-based dairy company Napolact posted $17.6m turnover in H1, 2003, up 20% since the year-ago period. The company also logged some $3m in net profit, up 46% since the corresponding period...
Petrom strategy done by month's end
The Ministry of Economy and Trade (MEC) on Monday announced it would submit SNP Petrom's privatisation strategy to the Government for approval in the next two weeks. The deadline for publish...
Summer months - true inflation test
Inflation in the last twelve months reached 14% in mid 2003, which is actually the full-year target. Inflation in the first summer month went up to 0.9%, from 0.5% in May. First half inflati...
Two months of scalding hot weather take away the blues of beer companies
The Romanian beer market, where several hundred million dollars have been invested since 1997, has climbed 10% in the first six months and it seems to be heading for a record-high this year....
Import bills soar: $9bn in five months
Romania's imports in May verified the pessimistic expectations fuelled by their high-speed progress throughout January-April: they simply skyrocketed, reaching over $2bn, 47% higher than in...
Rompetrol Downstream: $80m in 5 months
Rompetrol Downstream, the retail (fuel distribution) division of private oil group Rompetrol posted $80m turnover in the first five months of the year. Company officials expect 2003 turnover...