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Electrolux Revenue Drops To Less Than EUR100m In Romania
Swedish home appliances manufacturer Electrolux, one of the six international giants in this sector that has plants in Romania, saw revenue drop to less than EUR100 million on this market in...
Steel Production Of Romania Down 2.4 Times Since 1990
Romania's production of steel, rolled products and pipes dropped from 17.6 million tons after 1990 to 7.1 million tons last year. The number of employees in the steel industry went from 143,...
Umbrarescu’s Construction Business Down 35% In 2014
Builders Spedition UMB and Tehnostrade, of Bacau-based businessman Dorinel Umbrarescu, ended 2014 with 529 million lei (EUR118 million) revenue, 35% lower than in 2013.
Modern Retail Headcount Halved In 2009-2014
The decline in sales per store, the opening of smaller stores, the technological progress and the increase in the number of temporary employees caused the headcount in modern retail stores t...
CFR Marfa 1Q Turnover Down 14% To RON182M
Romanian state-owned railway freight carrier CFR Marfa saw a 14% decline in turnover in the first three months of 2015, to RON182 million (EUR41 million), from RON213 million in the same per...
Cars Made In Romania Lose Ground In Europe
The cars made in Romania by Dacia and Ford saw sales go down or dropped in the ranking of their respective segments in Europe in the first quarter, as none of the two carmakers has launched...
ArcelorMittal Galati Posted Almost EUR1B Losses In 2009-2014
Steel plant ArcelorMittal Galati posted 3.59 billion lei (EUR805 million) revenue last year, 3.2% lower than in 2013 and RON480 million loss. The plant’s business was hurt by the drop in ste...
Alro Cut Power Consumption By 25% In 2008-2014
Back in 2008, aluminum smelter Alro Slatina (ALR.RO), Romania’s largest electricity consumer, accounted for 7% of the country’s consumption. Last year, it accounted for only 5.7%, following...
Metro Cash&Carry Romania Sales Fell Below EUR1B For First Time In A Decade
German-held Metro Cash&Carry, the trailblazer of modern retail in Romania, ended last year with EUR906 million in sales, the lowest in a decade, despite expanding the network from 23 to 32 s...