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Meal tickets - 15m euro profit for Accor
Accor Ticket Service, one of the meal ticket issuers in Romania, estimates to make 15 million euro in profit this year, the same as last year, general manager Emmanuel Malan told Ziarul Fina...
Patriciu says forced execution no good for State
Businessman Dinu Patriciu says the forced execution of the Petromidia refinery would not be to the best interest of the State. He says the best solution for the State, which holds more than...
Surprising bids for Electrica
Italian group Enel is the only European energy giant to have voiced interest in the privatisation of Electrica's Banat and Dobrogea branches. Other letters of interest came from Greek state-...
23m euro turnover for Mondial Lugoj
Mondial Lugoj, one of Romania's leading ceramic tiles and sanitary items producers logged 718bn ROL (22.9 million euros) in 2002 net revenues, while net profit amounted to 115bn ROL (3.6 mil...
French Village may be put up for sale
The Banking Assets Resolution Agency (AVAB) is considering forced execution for the Sofitel Hotel, the French Village residential complex, as well as for the French Club and the sports centr...
Good prospects for army gear makers
A possible war in the Middle East and the involvement of the Romanian army in the NATO operations comes with several economic benefits for certain Romanian companies, that is the military eq...
Connex plans to keep us talking for $500 million
The major telecom companies in Romania have drawn the line for 2002. Whereas the fixed telephony business came out at a loss, the mobile communications maintained profitable. After Orange, i...
Lafarge pays $8m for Romcim
French group Lafarge is offering $8.2 million for the 8.81% stake in Lafarge Romcim held by the minority shareholders. The main stockholders, Lafarge Romania and Financiere Lafarge, yesterda...
Double profit for Impact
Real estate developer Impact Bucharest reported preliminary net profit worth 175bn ROL ($5.24m) for 2002, more than double in nominal terms as compared to the previous year. The company's re...