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$8.5m sales for Vinia Iasi
Winemaker Vinia Iasi posted $8.5 million turnover last year, with 60% derived from exports. The company is planning to expand production by buying a vineyard, so that its managers are now in...
500,000 euros for classic furniture
Mobexpert Group is now trying to make a name for itself as a dealer of furniture manufactured by well-known companies, after having consolidated its position as leading domestic producer. Mo...
British upgrade for frigates
UK-based BAE Systems Plc will upgrade the two frigates purchased by Romania from Great Britain early this year, with the agreement to cover a phased approach, as announced by the company. "B...
$16m turnover for Ana Hotels
Ana Hotels estimates to make $16 million turnover this year and see profit up 9%-12%, considering it will complete a series of investments it began in 2002. Ana Hotels last year posted 356.7...
Profi to spend 6m euro for expansion
Timisoara-based Profi Rom Food, a division of the Belgian distribution group Louis Delhaize, is planning to open ten discounter-type stores across the country, and to invest some 6 million e...
$130m for five-star Radio House
A $130 million investment could change the Capital's attraction centre and make some people in Bucharest rich beyond their wildest dreams. Turkish-British Mimel Insaat - Orb Estates consorti...
Private sector balks at severance packages for employees who barely remember work
The private sector, the one that is truly productive, will take it personally if the authorities give in to the union protests at the state-owned enterprises where layoffs are scheduled. The...
Shy debut for Romania's current account deficit
The current account of Romania's balance of foreign payments came up short of 15 million dollars at the end of this January, three times less than in the first month of last year, given that...
NBR looking for Iraqi bank accounts
The National Bank of Romania is now conducting an analysis in order to find possible accounts opened by Iraqi authorities with Romanian banks. It does not screen any deposit or account of Ir...