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Sovata posts 0.36m euros in revenues
Hungarian group Danubius Hotels, which controls Balneoclimaterica Sovata company through its Salina Invest Targu Mures branch, at the end of the first half posted losses of 8.8 million euros...
HVB Bank posts 2m-euro Q1 profit
HVB Bank Romania, a branch of the German group bearing the same name, posted net profit worth 75.35bn ROL (more than 2m euros) in Q1, 2003. Return on assets was 0.61%, while return on equity...
Mopan boosts sales, posts losses
Milling and bakery company Mopan Targu Mures logged 6.4bn ROL ($0.2 million) loss in H1, even though it had managed to boost sales 3.5 times compared with the corresponding period of last ye...
Orange Romania posts 34% first half growth
The arrival of new players following the deregulation of the domestic communications market as of January 1, 2003 was expected to also lead to a division of the money the consumers were will...
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...
Honeywell posts spectacular growth on Romanian market
The small company established five years ago on the Romanian market by the powerful American industrial group Honeywell is about to become an industrial giant in Southeastern Europe. The Buc...
Petrom posts 63% exports increase
SNP Petrom, the largest company on the Romanian market, has managed to make the most of the decline in the oil product supply on the European market and therefore boost exports in the first...
Grawe posts triple results
Grawe Romania Asigurare, a company specialised in life insurance, has cashed 29.9 billion ROL in premiums in the first five months of the year, up more than three times as compared to the ye...
Unita Turism posts surprising growth
Unita Turism, one of the largest hotel owners in the country posted Q1 revenue "growth higher than expected", albeit the industry saw a serious recoil in the first two months of the year, as...