Medicover posts 50% growth

Medical service provider Medicover posted approximately 50% growth in revenues on the domestic market in the first nine months, increasing to 4.7 million euros. The revenues for the third quarter totalled 1.7 million euros, the company says. “Romania”s economy continued to grow in the third quarter by 5%, and its full-year growth is estimated at 5.4%. Inflation continued to go down, standing at 8% at present. Romania successfully redenominated its currency in mid 2005, which started to appreciate in relation to the euro,” the company officials say. Medicover”s customer base increased by 500 in the third quarter, compared with the same time last year when it went up by 2,500. The slowdown of the growth rate was due to the renewal of older contracts, its officials explain. ZF