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Help Net sees 40% growth
Drugstore chain Help Net estimates a 40% surge in sales this year, up to some $12 million as compared with $8.5 million in 2002. The increasing number of pharmacies fuelled the boost in sale...
Romarm sees decline
National Company Romarm, the largest armament producer in Romania, expects total revenues to drop some 7% in real terms, from the 5.800bn ROL ($175m) in 2002. "We are expecting growth in nom...
Ana Hotels sees growth, fuelled by event management and conferences
Ana Hotels, Ana Group's hotel unit, posted $8.54 million turnover in three quarters this year, up 6.4% from the year-ago period. Ana Hotels expects $11.53m full-year turnover, 7% more than l...
Amonil sees $1.8m profit
The profits posted this year by chemical fertiliser producer Amonil Slobozia are soaring past the 2002 levels, although the company did not do as well in the third quarter as it had in the f...
Next year's budget sees bigger social expenses, tight deficit
Deemed even by the ruling party members as electoral, the 2004 budget draft teems with increased social expenses. All expenses comprised under this category, pensions included, amount to 5.7...
Mortgage loan market sees growth
Figures confirm the potential of the mortgage loan market, which had been estimated as early as last year. The volume of mortgage loans granted by the banks in Romania is expected to climb t...
Sky Gate Hotel sees $2m turnover
Sky Gate Hotel, located near the Otopeni airport, expects to post over $2m turnover in 2003, up 33% from last year and about 10% more in euros. The forecasts voiced by the hotel officials, m...
IMAS sees 4-5% annual growth
Romania's economic growth throughout 2004-2007 will range between 4 and 5%, but the possibility of GDP posting lower increase (3.5%) in 2005 or 2006 remains, stated Alin Teodorescu, chairman...
Renault sees 10% growth
French carmaker Renault estimates to sell 10,000 vehicles on the Romanian market this year, up 10% from last year, when it sold 9,063 units, Camelia Dumitrescu, head of the statistics depart...