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OMV might dump Rompetrol for Petrom
Austrian oil group OMV, one of the top regional players could give up its 25.1% stake in Rompetrol Group in case it won the race for Petrom, oil market sources told Ziarul Financiar. Petrom'...
Henkell&Sohlein buys Angelli for $11.2 million
German sparkling wine maker Henkell&Sohlein Group at the end of last year bought Astese Production SRL, the company that makes and sells the Angelli sparkling wines on the Romanian market. A...
Petrom bets on natural gases for bigger profit
SNP (National Oil Company) Petrom relies on selling its natural gas portfolio for boosting the value of the company and improving profit, given the deregulation of this market, Petrom's gene...
Romanian railways, major business for Siemens
The volume of orders the largest German industrial group Siemens has contracted or is about to from the Romanian railway companies is of approximately 740 million euros, according to the lat...
Asian chicken flu, export opportunity for Romania
Romania is in no danger of an avian flu epidemic, like that, which has recently broken out in several Asian countries, specialists say. The only influence on the domestic poultry raising ind...
22% growth for Amadeus Romania
Amadeus Romania, a provider of technological solutions for tourism operators (travel agencies, airlines), at the end of last year saw 22% increase in the number of reservations to 841,500, w...
Metro aims for 800m-euro turnover in Romania
Metro Cash & Carry, Romania's largest retailer, last year posted sales that exceeded forecasts. After having originally estimated sales worth 700 million euros early last year, Metro officia...
SIF Banat-Crisana pays 1.5m euro for EuroHotel
SIF Banat-Crisana has expanded its touristic sector portfolio by buying EuroHotel in Timisoara under a 1.5 million-euro deal. The hotel, built five years ago, has 48 rooms and is ranked as t...
Finance minister in one last push for introduction of flat tax
The Finance Ministry is making a final push to introduce the flat tax in Romania, after its previous attempt ended in failure last fall. "A calculation method based on a 14% tax has already...