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PwC begins race for Dracula investments
The investments in building Dracula Park could keep at the same level as set in the initial project, i.e. $30 million. This is what the feasibility study conducted by consulting firm Pricewa...
Over 51% in SNP up for sale
Economy and Trade minister Dan Ioan Popescu on Monday said the State might put up for privatisation more than 51% in SNP Petrom. "I am in favour of privatisation. I am not a fan of 51%; the...
Carmeuse pays 10m euros for two lime factories
Belgium-based Carmeuse Group has bought two Romanian lime factories from HeidelbergCement (Germany) for 10 million euros, the representatives of the companies involved in the deal told Ziaru...
47 Labour Code articles proposed for modification
The business environment representatives suggested modifications for 47 articles in the Labour Code, which will be sent to the Labour Ministry and to the specialised committees of the two ch...
Amendments for leasing law
Emergency Ordinance 51 on leasing operations could be modified by the end of the year so as to include computer programmes on the list of products possible to buy through this system. "Softw...
Orange heading for 500m euros
Orange Romania expects turnover worth 500m euros this year, up 25% since 2002, CEO Bernard Moscheni said. The company will invest $90m in IT and network expansion this year. Given the estima...
Larry Ellison packing bags for Romania
Larry Ellison, Oracle CEO and Chairman of the Board, as well as one of the richest people in the world (fifth richest, according to Forbes, due to his fortune estimated to $23.5bn) could com...
EBRD cash for Wienerberger bricks
The European Bank for Reconstruction and Development (EBRD) will fund part of Austria-based Wienerberger Company's project to build a brick factory in Romania, following a greenfield investm...
3m euro for Mediplus and Sensiblu
A&D Pharma Group, which holds the drug distribution company Mediplus and the Sensiblu drugstore chain yesterday announced it would invest approximately 3 million euros this year. "Two millio...