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50m euros for Boromir
Milling and bakery company Grup Boromir Sibiu logged higher turnover last year primarily because of the soaring wheat prices on the international markets. "We posted 50 million-euro turnover...
$80m for tourism infrastructure
Infrastructure investments, which will also impact on tourism, will revolve around 70-80 million dollars this year, with the main projects aimed at revamping the touristic harbour Tomis and...
Three times bigger contracts for Impact
Villa constructor Impact Bucharest announced it had concluded 3.1 million euro contracts since the beginning of the year, nearly three times more than in the same time last year, when the co...
Friesland bids $9.6m for Napolact
The Romanian branch of Dutch food group Friesland Coberco announced it would offer at least 9.6 million dollars within a new takeover bid for the stock of dairy company Napolact Cluj, under...
FX companies sold for $16m
Metromedia International Group (MIG) has completed the sale of the FX Communications and FX Internet to a syndicate comprising Romania Cable Systems and Astral Telecom, a deal that should pr...
32m euro revenues in 2003 for Astra
Astra insurance company logged 1,210bn ROL (about 32.2m euros) in premiums collected in 2003, up about 23% in euros compared with the results registered the year before, according to the com...
Effervescent bids for sparkling wine producer Zarea
Sparkling wine producer Zarea SA Bucharest is the apple of discord in a fierce takeover war waged by a natural person owning 10% in the company, by German-held company Karom Drinks SA (produ...
Americans expect Romanian bids for Iraq contracts
Tehnoforestexport and a constructions firm are among the handful of Romanian companies to have gained contracts as part of the Iraq reconstruction programme. Yet, there is no dearth of oppor...
APAPS announces end of talks for 25% in BCR
After a time of silence, the Privatisation Authority (APAPS) on Wednesday announced the conclusion of the talks with EBRD and IFC on completing the transaction for the sale of 25% plus two s...