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Interests, sole profit source for Rulmentul
Income posted last year by Rulmentul Brasov - 6.7bn ROL is about 90% lower in real terms than in 2001, when the company posted 36bn ROL in net profit. Last year's profit was largely due to t...
German investors waiting for better laws
The German companies are interested to invest on the Romanian natural gas, energy and tourism markets, Axel Gerlach, state secretary of the German Economy and Labour Ministry said on Wednesd...
10m euros for Transelectrica
The national power carrier Transelectrica will be granted a 10 million-euro credit by French bank Credit Agricole Indo Suez in the next few days, sources close to negotiations told Ziarul Fi...
$5m for 11% in Moldocim
German HeidelbergCement Group, the majority shareholder of the Moldocim Bicaz cement plant on Monday launched the preliminary announcement of the takeover bid for the remaining 11.08% in the...
Bigger sales, smaller profit for Aerostar
Aerostar Bacau sold more last year but gained less than it did in 2001. The trend is expected to maintain in 2003, but the company announced it had received new orders and concluded partners...
Active investors go for merger
The investors of three of the four funds managed by Active Management International, Active Classic, Active Junior and Active Dinamic have decided to merge the three funds during the consult...
2.5m euros for Continental Suceava
Continental SA is planning to invest approximately 2.5 million euros this year in order to renovate and modernise its Continental Hotel in Suceava, as well as the Putna chalet, company chair...
Hot chocolate alluring for Romanian players
Hot chocolate, a product that has recently become a habit for the Romanian consumers, after having been introduced and promoted mainly by multinationals, has also become attractive for the d...
Loss-making state-owned enterprises heading for massive personnel cutbacks
With less than half of the total number of employees in Romania, the private sector accounts for almost 70% of the Gross Domestic Product.The APAPS portfolio is left with some companies that...