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32-m euro business for Condmag Brasov
Condmag Brasov, a company specialising in the building of ducts, saw an increase by some 50% of its turnover last year, to 32 million euros, according to company representatives. The same so...
Pharmaceutical market heading for 2.5bn euros
The Romanian pharmaceutical market is likely to go beyond the 2.5bn-euro mark over the next five years, whereas competition between the main players will become tighter. "Over the next four-...
2.7m-euro capital increase for Arabesque
Arabesque Galati, the leading local distributor of construction supplies and finishes will increase the company''s share capital by 10 million RON (2.7 million euros) as a result of the net...
Romania''s EU integration, threshold for textile industry
Maria Grapini, 51, has been running the Pasmatex business since 1995, when she took over the Timisoara-based textile plant from the state. She had been the manager of 13 Septembrie plant, th...
3bn-euro profit on paper for Petrom''s owner
Austrian petroleum group OMV is making a 3 billion-euro profit on paper from the takeover of the biggest Romanian company, Petrom, less than two years ago. The Austrians will collect their f...
Work for the Bucharest-Brasov motorway to start soon
Work for five new road infrastructure projects, among which is the Bucharest-Brasov motorway, is due to start in two months'' time, with the licences for attribution of work contracts to be...
Big names up for Palme d''Or
British director''s Ken Loach''s latest film, The Wind That Shakes the Barley, is in the running for the prestigious Palme d''Or award at this year''s Cannes Film Festival. Set during the Ir...
1.58-m RON profit for the public radio company in 2005
The Romanian Radio Broadcasting Corporation (SRR) saw net profit worth 1.58 million RON in 2005, with the main station, Radio Romania Actualitati having a 21.2% market share, the lowest sinc...
Vladescu''s absence, accounted for
Romanian Public Finances minister Sebastian Vladescu and secretary of state Catalin Doica did not attend the meeting of the Privatisation Committee of the Chamber since they were participati...