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Cris-Tim sales up to 79m euros last year
Speciality meats producer Cris-Tim logged 79 million euro turnover last year, up nearly 10% from the previous year, when it posted 72 million euros. The company, which specialises in salamis...
Interests on deposits going up
Banking interests are expected to go down again early in the second quarter, but, for now, there is still enough room for a new increase in rates. However, the rise will only apply to deposi...
Banking assets slowly but steadily up
The total banking assets went up in real terms, by 5.4 % to 14.18bn euros in the first nine months of last year, NBR's latest data show, after having progressed by more than 8.5% in 2002. Wh...
Hard times: tax evasion to be punished by up to 25 years in prison
The Americans like to say that no one can escape death and the IRS. These days, as they are under pressure from the international bodies to quench corruption and tax evasion, the Romanian au...
Caroli eats up rival Gourmet brand
The producer of the Caroli charcuterie products, the Lebanese-owned TC Affaires, took over one of the best known brands on the domestic charcuterie market, Gourmet, held by Gourmet Prod SRL....
US soldiers push Iaki hotel up
Mamaia based-hotel Iaki, owned by the former soccer star Gheorghe Hagi, saw 1.4 million euros in turnover last year, up 6% from 2002. US soldiers that camped last spring in Mamaia, because o...
Impact revenues go up 29.4%
Realtor Impact Bucharest reported total preliminary revenues worth 725 billion ROL in 2003, up 29.4% from 2002, whereas net income increased only 5%. Gross profit had a positive evolution, a...
Steel prices up, Sidex makes money
The developments on the international steel market have turned Sidex Galati into a more profitable business than expected by the Indians at LNM Holdings when they bought the plant in Novembe...
French investments 30% up
The level of French investment in Romania has gone up nearly 30% in 2003. France is Romania's third commercial partner, after Italy and Germany, Philippe Etienne, the French Ambassador in Bu...