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Domo sees turnover and profit growth
Domo, the chain of stores selling electronic and household appliances, estimates 2003 turnover to reach 30 million euros, up more than 30% since last year, when it amounted to 22 million eur...
Unita Turism sees 20% higher turnover in 2003
The 14 hotel companies in which Timisoara-based Unita Turism holds the controlling interests will conclude this year with $10 million in consolidated turnover, marketing manager Marius Pinti...
Electroaparataj sees sagging profits
The profit of Electroaparataj, the only company listed on the Plus Tier of the Bucharest Stock Exchange, kept going down throughout the third quarter. Profit dropped 34% in real terms in the...
Oil company sees plunging profits
Petrolexportimport (foreign trade company dealing with petroleum products) posted nine-month profit worth 18.9 billion ROL (almost $0.6m), down about 75% as compared to the year-ago period....
Agathon sees more foreign tourists
The number of foreign tourists visiting Romania will go up again next year, due to the contracts concluded with the foreign tour-operators, Tourism minister Dan Matei Agathon was quoted as s...
Majestic sees 12% lower turnover
Bucharest-based Majestic Hotel is expecting 2002 turnover to amount to $1.6 million, down 12% since the same time last year, with profits estimated at $300,000, general manager Mihail Acatri...
The Body Shop sees 27% growth
The Romanian subsidiary of British store chain The Body Shop estimates a 27% increase in sales this year, up to roughly 1.1 million euros, from last year's 860,000 euros. Dana Tudorache, dir...
NBR sees 3.5% inflation in 2015
Romania will be ready to join the European Monetary Union (EMU) after 2011, most likely around 2015, even if it becomes a EU member in 2007, according to a scenario drafted by Lucian Croitor...
Brussels sees smaller economic growth
Beyond the "obvious" risks triggered by slowdown in structural reform, the immediate reason for concern regarding the Romanian economy is the implementation next year of an increase in the m...