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European Drinks up 20%
European Drinks group last year saw its turnover increase 20%, said Ioan Micula (pictured above), general manager and one of the group's owners. Again, Micula would not disclose the nominal...
Pepsi sales up 40%
Quadrant Amroq Beverages SA (QAB), the company bottling Pepsi in Romania, last year logged sales 27% higher than in 2001 and up 40% for Pepsi alone, while the market of soft drinks posted 4....
Foreign currency deposits up
Foreign currency banking deposits resumed growth at the end of last year, after having gone down for several months in a row. This happened at a time when the interests on deposits had decli...
USD going up in January? Don't bet on it!
Are you thinking January would make a good time to bet on the dollar? Because the demand for dollars is much higher than in a regular month, as on the one hand, those that badly needed ROL i...
Fuel excises go up
The excises levied on gas will go up by 85 euros/tonne following the modification of Emergency Ordinance 158/2001 (regulating excises) by another Government Ordinance, government sources sai...
2002's industrial output up about 6%
Eleven months through 2002, Romania's industrial output was registering 5.8% growth compared with the corresponding period in 2001, solely because of the growth in the processing industry. O...
State gives up golden share in RomTelecom
The state gave up its golden share in the national fixed telephony operator RomTelecom, as the Government passed a normative act turning it into a common share on December 18, 2002. The deci...
Banca Transilvania gross profit up
Banca Transilvania ended last year with 540bn ROL (a little above $16.1 million) in gross profit, up from the 437.588bn ROL ($13.8 million) in 2001. Even though last year will be probably re...
Foreign trade beefs up
Romania's foreign trade has outperformed the other European Union applicants this year, with the export level estimated to reach $13.7bn and imports projected at $17.8bn, the Development and...