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Transelectrica Ups 2011 Pretax Profit Forecast To RON42M
State-run power grid operator Transelectrica (TEL.RO) plans to revise upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the compan...
Half Of Glenmark’s Growth To Come From New Products
The Romanian arm of Indian pharmaceutical company Glenmark expects the newly launched products to fuel the 20% growth seen for the financial year ending in March 2012. The new products shoul...
Romania's Annual Inflation Seen At 8.5% In June
Romanian consumer prices are likely to increase by 0.2% on the month in June, while the annual inflation is seen accelerating to 8.5%, according to a median forecast of the country’s associa...
Transavia Mulls Up To EUR13M Investments In 2011
Poultry meat processor Transavia plans to invest between EUR10 million and EUR13 million in upgrades this year, general manager Ioan Popa said Thursday.
Romastru Targets EUR85m Turnover
Romastru Trading, a company active in pharmaceutical marketing and wholesale, has budgeted a turnover of EUR85 million for this year. EUR4 million to EUR5 million should be generated by the...
Romania's Car Parts Market Seen Rising 5% In 2011
The Romanian car parts market is poised to grow by 4% to 5% on the year to around EUR1 billion, as large part of the vehicles bought during the boom years are no longer covered by the manufa...
Saudi Arabia And Russia Could Drive TotalSoft’s Sales Above EUR25M In 2011
TotalSoft, one of the biggest local software producers, posted 25% higher revenue in the first four months, at EUR8.4 million, after the company won international contracts on markets such a...
Wholesale And Retail Drive A&D Pharma Sales To EUR800M
Drug wholesaler Mediplus and pharmacy chain Sensiblu posted cumulated sales of EUR788 million last year, up 20% from 2009.
Raiffeisen Leasing Triples Turnover In Q1, To EUR17M
Raiffeisen Leasing expects to make profit this year, too, after having seen the value of funded goods triple in the first three months (it started, however, from a low base), as the rate of...