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Arctic sees profit again
Sales of refrigerator maker Arctic Gaesti posted a 36% increase in real terms in 2002 as compared to the previous year. The company's turnover amounted to 1,707 billion ROL ($51m) last year....
Brau Union sees slight decrease
Austrian group BBAG's beer sales in Romania dropped 7% in 2002, despite having posted a 6% increase if calculated in ROL, according to a company press release. This evolution mirrors last ye...
Gregory's sees double sales
Gregory's, the chain of fast-food restaurants, expects double sales this year, up to 1.7 million dollars from the $850,000 posted last year, said Teodora Ungureanu, the company's marketing m...
Omniasig sees 600% increase
Omniasig Asigurari de Viata (Omniasig Life Insurance) last year saw its business grow six times, but company officials expect the growth pace to slow down in 2003, given the tax legislation...
Intrarom sees turnover shrink by 50%
Telecom equipment maker Intrarom Bucharest logged approximately $55 million turnover in 2002, compared with $118.7 million in 2001, general manager Mihai Gherman said. "The 2000 and 2001 res...
Oil Terminal sees lower profit this year
Oil Terminal Constanta profits will keep decreasing in 2003. At least this is what the Spending and Revenue (S&R) budget estimates. The company hopes to make 22.8bn ROL in gross profit this...
Oracle sees bull market
The economic growth in Romania, which is estimated to maintain this year, is great news for the top two players on the market of domestic enterprise resource planning software solutions.The...
Interamerican sees 80% 'life' increase
Insurance company Interamerican Romania last year logged $2.8 million in gross underwritten premiums for life insurance, up more than 80% in dollars since the previous year. The company esti...
PM sees sound economic growth
Romania's economic growth is sound and consumption will increase by 4% this year, PM Adrian Nastase said on Wednesday. "2003 will be a historical moment for Romania, set to take many people...