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CSFB sees end of EU talks in 2005
The analysts of financial giant Credit Suisse First Boston (CSFB) do not believe the Nastase Cabinet will be able to conclude talks with the EU by the general elections. "Even with a strong...
Bunge Romania sees $58m turnover
Romania's largest producer and bottler of edible oils, Bunge Romania, ended last year with more than $58 million in consolidated turnover, up 12% from the previous year. "Oil consumption dro...
GDP sees unexpected 4.9% boost
The Romanian economy last year posted 4.9% growth in real terms, as the Gross Domestic Product went up to 1,890,000 billion ROL (some 50.3 billion euros), according to data released by the N...
Howard Johnson Bucharest sees 10m euros
Howard Johnson Grand Plaza Hotel in Bucharest dedicated two weeks ago targets 10 million euro revenues and 60-65% average take-up for its first year in business, general manager Antoni Kuhne...
NBR sees 2%-4% real ROL appreciation in 2004
The National Bank of Romania (NBR) pursues (at least for the time being) a 2%-4% real ROL appreciation against the foreign currency basket this year. This interval is the same that was targe...
Electrolux sees 80% growth, to 105m euros
Swedish home appliances maker Electrolux sold 105 million euros' worth on the Romanian market last year, up 80% from the year before. The growth was based, as explained by Electrolux Romania...
Antibiotice sees slight growth
Drugmaker Antibiotice Iasi has met the targets for 2003: only slight turnover and profit growth, as stronger financial stability was favoured. The company yesterday reported preliminary sale...
European Drinks sees growth in dollars
The business of European Drinks Group owned by the Micula Brothers (Ioan and Viorel), rose by 18%-19% in dollars last year as exports redoubled, Ioan Micula, chairman of the group, said. If...
PC market sees 30% surge
The Romanian market of personal computers posted 30.2% growth in the last quarter of 2003 as compared with the October-December period in 2002, considering the number of units sold. Also, th...