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School Furniture Drives Silvarom Back To Growth
Bucharest-based furniture manufacturer Silvarom posted a 58.6% turnover increase in the first five months of this year, compared to the same interval of 2010, largely due to contracts to pro...
Pambac Bacau Expects 6% Growth In Sales To EUR46m
Bakery and milling firm Pambac Bacau, controlled by Alin Giurea and another two partners, expects 6% higher turnover this year, to EUR46 million, after over the past three years the business...
Tarom’s Loss Widens 41.6% To RON332.5M In 2010
Romanian state-owned airline Tarom registered a loss of 332.48 million lei (EUR80 million) in 2010, 41.6% wider than in the previous year.
Alico Asigurari Premiums Up 7.1% In 2010, To RON205M
Romanian insurer Alico Asigurari's underwritten premiums increased by 7.1% last year, above the market average growth of 2.3%, to more than 205 million lei (EUR49 million), while gross profi...
Law Firm Yearbook: Eight Firms Posted Turnover Hikes In The Two Years Of Crisis
For at least eight law firms operating on the Romanian market, the first two years of crisis were an opportunity to increase revenue compared to 2008, the year seen as the peak of the local...
Bank Leumi Romania Switches To RON2.3M Loss In 1Q
Israeli Bank Leumi Thursday reported a loss of 2.3 million lei ($800,000) at its Romanian subsidiary, due to higher provisions, according to the bank’s financial report.
Agricola Brasov May Seek RON40M For Production
Poultry meat producer Avicola Brasov on Tuesday said it plans to take out a 40 million lei (EUR9.7 million) loan to support production.
Caremil Swings To Loss In First Quarter, As Orders Decline
Clothing maker Caremil Tuesday said it switched to loss of 230,000 lei (EUR55,800) in the first quarter, due to fewer orders at its Smirodava factory.
Strabag 1Q Output Volume In Romania Down 13% To EUR15M
Austria’s top constructor Strabag Tuesday reported a 13% drop in first-quarter output volume to EUR14.98 million in Romania, from EUR17.24 million in the year-earlier period.