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Foreign debt and reserve grow fast
Romania's gross international reserves went up faster than the medium and long-term foreign debt last year, although the latter was higher than initially anticipated. At the same time, the c...
$16m investments in Parc and Turist Hotels
Parc Hotels Company, owner of Best Western Parc and Turist Hotels in Bucharest, has invested $10 million in arranging the two assets and is getting ready to invest another $4-6 million to mo...
RCS&RDS buys TerraSat and changes cable television market hierarchy
The hierarchy of the top five cable television operators has changed. The fourth-largest company on the Romanian cable TV market, TerraSat, was acquired by number two - RCS&RDS group. Hence,...
E's and spices make up $10m sales
Talk about the negative effects food additives or E's have started about a year ago, but it does not seem to have impacted on the sales of the companies in this field.Ion Mos Prod Com SRL, w...
Plant and equipment on top
Romania's exports were worth more than $2.5bn in the first two months of this year, nearly 39% higher than in the same time last year.Imports amounted to about three billion dollars, yet the...
BP and LukOil interested in Petrom
Industry Ministry has suggested the Romanian Government to have at least 51% in SNP Petrom sold to a strategic investor. It chose this option from the three solutions proposed by the consult...
Policolor in search of buyers and profit
"There comes a time when any financial investor starts looking for a buyer, which is usually a strategic investor. This is what's happening at Policolor now. This is a time when the activity...
Honeywell and Koyo making parts at Compa
US-based Honeywell Group and Japanese Koyo Group have started producing car parts in Sibiu, following a partnership with Romanian automotive parts maker Compa. The maturity of the two contra...
Raiffeisen Bank eyes energy and infrastructure
Raiffeisen Bank Romania will pay a special attention to financing the companies dealing in the energy and communications sector, with the latter being interested in "the good distribution of...