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Drug imports up five times, conquer 75% of Romanian market
On the one hand, delayed privatisation, lagging restructuring, obstacles devised by the authorities, substantial investment obligations and cheap products. On the other hand, aggressive mark...
Atlantic Tour sales up to 4.7m euros
Bucharest-based travel agency Atlantic Tour concluded 2003 with 180bn ROL in turnover, 22% up from 2002. In euros, the result amounted to 4.73 million, close to the 2002 level. The agency po...
VAT repayment finally cleared up
The companies that have VAT to recover from the Finance Ministry have finally learned what is in store for them. The Ministry has completed the new VAT repayment procedure, based on a compli...
Connex' revenues up 24.4% in dollars
MobiFon, the operator of mobile telephony network Connex, concluded last year with $529.5 million in service revenues, up 24.4% compared to $425.6 million for 2002, MobiFon's majority shareh...
Medicover revenues up to 7.7m euros
Swedish medical services group Medicover reported preliminary revenues of 7.7m euros in Romania, as the pre-paid medical assistance unit went up 22% and a 6% growth came from lab activities....
InterAgro turnover up to 560m euros
Companies in the InterAgro group, held by businessman Ioan Niculae, posted 560m euros in turnover last year, up 16% from 2002, when they had reported $470m. However, business remained flat i...
SIF Banat-Crisana keeps up with inflation
Financial Investment Company (SIF) Banat-Crisana reported preliminary net profit worth 344 billion ROL ($10.3 million) for 2003, up 27bn ROL from the result recorded for the same period, but...
Coca-Cola HBC sales up to 200m euros
Coca-Cola HBC Romania saw sales surge 33% last year, up to 97.7 million units, according to Coca-Cola Hellenic Bottling Company (CCHBC) officials. Coca-Cola HBC Romania is the local branch o...
Electrocontact, profit down, price up
Electrocontact Botosani, a maker of electrical equipment and electrotechnical products concluded last year with only 12% turnover growth in nominal terms, while net profit was down 36%, acco...