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BCR sees 23% first half profit decline
The slump in profit margins prompted by fiercer competition, higher expenses on provisions for the default risk from borrowers and larger investments. All these have led to a serious drop in...
Vienna Institute sees 4.5% growth
Romania and Bulgaria will see Gross Domestic Product growth of 4% to 5% in 2003 and 2004, as forecast by the Vienna Institute for International Economic Studies (WIIW), quoted by France Pres...
Rolast sees profit again
Synthetic rubber parts maker Rolast Pitesti will become profitable after the first half of this year, after having posted about $20,000 losses in Q1. The approximately $40,000 profit will co...
Konica sees 50% climb
Sales of Konica photo products will increase 50% this year, up to $1.5m, says Dorimell Popescu, general manager of Photo Trade, sole Konica importer in Romania. By the end of 2005, Photo Tra...
Bucharest Stock Exchange shakes summer torpor, sees new all-time high
The value of transactions had dropped, prices were already numb, while the brokers were busy planning their summer vacations. Two weeks ago, the Bucharest Stock Exchange was beginning to fee...
Pepsi bottler sees 52% increase
Quadrant Amroq Beverages (QAB), the company bottling Pepsi in Romania, posted a 52% increase in sales in Q1 as compared to the year-ago period. Company officials would not disclose any detai...
Oriflame sees negative trend
Cosmetics dealer Oriflame Romania posted 10% sales growth to 7.5 million euros in Q1, compared with the 6.8 million euros in the same time last year. "The structure of our offers in that per...
Whirlpool Romania sees 50m euro turnover
Whirlpool Romania estimates to post 50 million euro turnover this year, up 30% from 2002. Profit is also expected to progress by more than 15%, while the number of products sold is set to re...
Ecco sees $7m turnover
Ecco Group, dealing in constructions and installations, posted 200bn ROL ($6 million) turnover last year and expects 270bn ROL in 2003. The most important company in the group, Energi-Co Hol...