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HVB Bank Romania sees 3.74m euros in H1 net profit
HVB Bank Romania, a branch of the German financial group, reported net profit worth 141 billion ROL (3.74 million euros) in the first half of 2003, up 22% in nominal terms as compared with t...
Sicomed sees bigger profits, receivables
The upward trend posted by drugmaker Sicomed Bucharest in the first quarter of 2003 has continued throughout April-June. High receivables, though, which almost equal turnover, remain the com...
Omniasig sees unexpected growth
Omniasig Group, which holds general insurer Omniasig and Omniasig Asigurari de Viata (Life Insurance), posted 1,330bn ROL in gross underwritten premiums in the first half this year and 68bn...
BCR sees bigger leasing market
BCR Leasing, held by the largest Romanian commercial bank (BCR), closed almost 3,000 financing contracts totalling over 52m euros in H1, four times more than in the year-ago period. The leas...
Aviva sees 60% growth
Life insurer Aviva Romania posted 109bn ROL in H1 gross premiums underwritten, 60% more in ROL as compared with the corresponding period of last year. The increase amounts to some 30% in eur...
Baneasa airport sees 25% growth
State-owned International Airport Bucharest Baneasa (AIBB) estimates 2.5m euros in revenues this year, up 25% since 2002, AIBB general manager Sorin Ciobanu said. Next year's revenues are ex...
Chio sees new chips as sales boosters
Faced with serious competition and sales determined to stand still, the Chio chips maker early this year decided it needed to launch an aggressive campaign, as well as new products. "We were...
Palace Sinaia sees 60bn ROL turnover
Palace Sinaia, which holds the Palace and Caraiman Hotels, posted some 22bn ROL in H1 turnover and estimates to make 60bn ROL in full-year revenues, about 18bn ROL more than in 2002. "The fi...
Alprom sees 10% higher 2003 turnover
Furniture producer Alprom, based in Pitesti, logged $10m turnover in the first half, up 5% from the year-ago period, Violeta Anton, the company's economic manager, told Ziarul Financiar. How...