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Imsat sales 75% up, profit below estimates
A several million dollar contract with General Electric, the modernisation of the signalling system on the Bucharest-Brasov railroad section and the retooling of a Lafarge cement factory in...
S&P lifts Romania up
Standard&Poor's Ratings Services has upgraded Romania's long-term local currency sovereign credit and senior unsecured debt ratings to 'BB' from 'BB-', and its long-term foreign currency sov...
French Village may be put up for sale
The Banking Assets Resolution Agency (AVAB) is considering forced execution for the Sofitel Hotel, the French Village residential complex, as well as for the French Club and the sports centr...
RomTelecom losses go up, pave the way for layoffs
Romanian fixed telephony operator RomTelecom last year posted net losses worth 64.6 million euros, up 38.9 percent since 2001, the company's main shareholder, Greek group OTE said yesterday....
Elvila up 5% in real terms
Elvila, one of the leading furniture producers in Romania, last year posted 1,115bn ROL ($33.7 million) turnover, about five percent higher than the 2001 sales in dollars. The company's prof...
Foreigners push Romanian exports up
Nearly 40% of the $13.8bn record export level registered by Romania last year was due to companies either partially or fully controlled by foreigners. Out of the total 13,600 Romanian export...
Chewing gum sales go up
If your jaws happened to ache more last year and you did not know why, then here's a good explanation: you chewed one more chewing gum pack than in 2001. The per capita chewing gum consumpti...
Industrial output up 6%
Industrial output went up 6% in 2002, according to the National Statistics Institute, both in absolute volume and in comparable conditions in terms of number of working days. This was solely...
Constructions to go up 8%-10%
The constructions market this year might reach four billion euros, 8%-10% higher than last year, Liviu Daschievici, director general of the Romanian Association of Construction Contractors (...