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GM pulls out of race for Craiova factory
General Motors has pulled out of the bidding for the Daewoo factory in Craiova and is in talks with Ford Motor Co and the Renault-Nissan alliance, the other parties interested in a takeover...
$20m deal for Connex rented buildings
A group of Israeli investors operating on the real estate market in Bucharest through the Delta Intensiv-Trade company sold five office buildings that host departments of the mobile telephon...
33m-euro appliances for Marelvi
Home appliances distributor Marelvi estimates turnover of more than 33 million euros for this year, an increase of 10% from the previous year. "The Marelvi product portfolio this year will i...
Cheaper insurance for well-behaved drivers
A first for the insurance sector in Romania: women will be able to pay up to 10% less than men for their mandatory auto liability insurance (RCA) for 2007, while individuals who have not cau...
Stagnation, no reason for concern
The slowdown of the industrial output in 2005 is no reason for concern, a study by the National Forecast Commission (CNP) shows, as this period was just a time of adjustment to the demand on...
29.2m-euro premiums for AIG Life
Life insurance company AIG Life made some 6 million dollar (about 5 million euro) profit in the first eleven months of 2005, nearly four times more than in the entire 2004. The insurer concl...
Guzu Chim aims for 34m euros
Paints manufacturer Guzu Chim estimates 125 million RON turnover (34 million euros) for 2006, up from the 92 million RON (25.2 million euros) in 2005. "We will develop our distribution netwo...
Stake in BSE up for sale
One million euros. This is the asking price for the first stake in the Bucharest Stock Exchange that could change hands after the transformation of the BSE into a trading company and its mer...
PRO Video cleared for HMO takeover
The Competition Council has authorised the economic concentration operation conducted by PRO Video by takeover of Hollywood Multiplex Operation (HMO) SRL, a press release of the institution...