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Lukoil sales up 150%, top $415 million
Lukoil Downstream SRL, the local branch of the Russian oil group on the fuel distribution market made profit in 2003 for the first time since the start of its operations in Romania. Lukoil's...
State won't let go of Petrom, speeds up BCR privatisation instead
As the privatisation of SNP (National Oil Company) Petrom is mired into the endless problems related to the property rights for some lands and significant receivables, the Government is like...
Sindan, up 47% in 2003
Pharmaceutical company Sindan, specialising in production and distribution of cancer drugs, concluded 2003 with about $60 million turnover, up 47% from the previous year, its representatives...
Beer consumption up, local brewers out
The faster and faster disappearance of the independent brewers, the entry of the European Drinks Group in full gear and the 11.9% higher consumption were the main features of the Romanian be...
Unita Turism up 8%
Timisoara-based Unita Turism, one of the largest hotel owners in Romania, saw 8% growth in consolidated turnover in the first ten months of 2003, its representatives say. It controls 15 tour...
Who ended up with Churchill Media?
The outdoor advertising company Efect Media, the fourth-largest player on this market, was announcing the takeover of Churchill Media, the number three, this summer. The shareholders and man...
Rolast: profit up, restructuring in progress
Rubber parts maker Rolast Pitesti logged nine-month net profit amounting to 9.3bn ROL, three times higher than the profit in the first half this year. Rolast Pitesti concluded the first thre...
Delisting time's up, penalties follow
Early December was the deadline allowed for shareholders owning over 90% in a company listed on the capital market a year ago to conclude a public offer and delist their companies. The deadl...
Heidi sees sales up 15%
Chocolate producer Heidi Chocolats Suisse Romania estimates its sales to go up 15% this year, and reach approximately $5.5 million. "We have already risen 10% in the first 11 months of the y...