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Six hotels up for sale
Tourism is a more and more attractive investment field, yet hotel operators seem to have a different opinion of the matter. The real estate agencies in Timisoara have six hotels for sale in...
LPG consumption up in Romania
The auto LPG (liquefied petroleum gas) consumption will increase by about 18.5% this year, Lyubomir Tsvetanov, general manager of Gazexim Bucharest was quoted as saying by Mediafax. He speci...
Braiconf sales up, profit down
Shirts maker Braiconf Braila concluded 2002 with 53bn ROL ($1.6 million) in net profit, down from the previous year in real terms. The company had posted 50.2bn ROL ($1.7 million) in 2001's...
International turnover, 20% up
Sinaia-based International Hotel last year logged some $1.6 million turnover, up 20% from 2001, Matei Alexandru, general manager of International SA, the company that owns the hotel told Zia...
Agras revenues 52% up
Insurance company Agras, which specialises in agricultural insurance, collected $4.4 million (145bn ROL) in gross premiums in 2002, 52% more than in 2001 in real terms. "The trend is due to...
Avon Cosmetics Romania turnover up 67%
Cosmetics dealer Avon Cosmetics Romania last year logged $50.4 million turnover, 67% more than in 2001 in real terms, Avon's general manager for Central and Eastern Europe, Srdjan Mijuskovic...
MOL sales up 46%
MOL Romania Petroleum Products SRL, a subsidiary of the Hungarian oil group, last year logged revenues worth $75 million, up 46% since the previous year. The company ended the year with loss...
Eforie investments to pay up in 14-15 years
Investments in the two hotels in Eforie Nord bought by the Ana Group will be recovered in 14 or 15 years, George Copos, the group's owner and founder estimates. "A tourism investment normall...
Daewoo sales up 60%
Local carmaker Daewoo Automobile Romania has sold 1,800 units in the first two months of the year, which accounts for a 60% increase as compared to the year-ago period. Matiz is the best-sel...