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Surprise investor for chemical plan Oltchim: LukOil
Russian oil giant LukOil, which boasts more than 15 billion dollars in annual revenues, is planning to buy Romanian chemical plant Oltchim Ramnicu-Valcea, through its petrochemical division,...
Budget for lower GDP
Romania will be unable to maintain its growth pace above 5% this year, albeit the Economic EU Pre-accession Programme had anticipated 5.2% growth that should be attained in the next three ye...
Equipment and services heading for $550 million
The Romanian market of energy equipment and services will increase to $550 million in 2003, 10% more than last year, according to Peter Simon, president of ABB Romania, one of the leading co...
No services suppliers for Petrom
According to Trade and Economy minister Dan Ioan Popescu, the contenders to be allowed in the Petrom privatisation race must deal with oil exports and processing, with the equipment or servi...
Germany's Continental has big plans for Romania
German company Continental, one of the world's largest automotive groups, has big plans for the Romanian market, under its cost-cutting strategy. Continental, which owns two plants in the Ro...
Romania not cheap enough for Intel
Intel, the world's largest microchip maker, has no immediate plans for an office or plant in Romania, Dave King, the company's regional director for EMEA (Eastern Europe, Middle East and Afr...
Business rooting for 18% tax
Business officials and analysts have hailed government plans to introduce a single global income tax for natural persons, most likely 18%, but are sceptical when it comes to its actual appli...
POSs for Tarom international flights
10,000 mobile and fixed POSs, more than eight years after the first no-cash payment instruments were issued on the Romanian market. Very little, market experts say, and the more so as the ra...
Romanian glass, all for export
The bulk of the Romanian glass output is exported. Vases, glasses, painted plates, produced in Targu Jiu for instance, can be rather found at the large US retailers, instead of the Romanian...