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Inflation likely to meet official target
One month before the end of the year, inflation has come to 12.8%, which makes it possible for the Government's 14.5% annual target to be attained, after all. Even more, a 1.1% December rate...
McDonald's to taste profit
The fast food restaurant chain McDonald's Romania is likely to break even this year, for the first time since 1995, when it entered the Romanian market. "We will be slightly profitable this...
RCS&RDS and Astral Telecom about to engulf rival FX Communications
A consortium comprising RCS&RDS and Astral Telecom, the two leading players on the Romanian cable market, will take over the fourth-largest competitor - FX Communications (Metromedia) this y...
Carpatica to maintain next year
Carpatica Bank management plans to attain about 142bn ROL (3.5 million euro) net profit and 175bn ROL (4.3 million euro) gross profit in 2004, about the same as in 2003. The assets will amou...
Eli Lilly climbs to $19m
US pharmaceutical company Eli Lilly will see a slight turnover increase in Romania to some $19m this year, up from $17.5m in 2002. "We estimate to post turnover amounting to about $18-19m by...
Dubai Ports to operate in Constanta
Dubai Ports International has won the tender for operating a new container terminal in the Constanta Harbour. The operations are scheduled to begin in the first quarter of 2004, according to...
GMP "bug" to kill 15 drug makers
Approximately 10-15 Romanian small or medium-sized drug makers will cease to operate as of 2004, due to the lack of investments in obtaining the Good Manufacturing Practice (GMP) certificati...
Friesland to see 10% boost
Dairy producer Friesland Romania, a subsidiary of the Dutch company estimates a 10% sales boost this year, up to 31.9m euros. After having focused on production and expansion in the last thr...
Raiffeisen to increase capital
Raiffeisen Bank Romania will increase capital by 45 million euros to approximately 220 million euros in the first month of next year, by cash contributions from the shareholders registered u...