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Romania likely to earn billions of dollars from fumes
More exactly, the money will come from selling the rights to give off fumes. A surprising business, which can help Romania make money right from those sectors that were deemed as loss-making...
Rompetrol changes look and market strategy - from three oil pipelines to stylised flower
Starting today, Rompetrol, Romania's largest private oil group, is changing its "look" and the strategy aimed at the oil products distribution market. The company's rebranding process, worth...
Intrarom rebounds from 2002 decline
Intrarom, the Romanian branch of the Greek IT and telecommunications group Intracom estimates to see turnover up 10%-15% in 2003 compared with last year when it was worth $55 million (i.e. l...
Petrom grants no dividends, blames past losses from IAS regulations
For the first time in the past three years, Romania's largest company - SNP Petrom had to admit that last year's profit was not enough for the company to grant dividends to shareholders this...
Aerostar gets $8m from Croatian Army
Aerostar Bacau has started upgrading 12 MIG 21 aircraft of the Croatian Defence Ministry, under an $8 million contract, Mediafax reports. Aerostar undertook to check, repair and raise the st...
No dividends from Astra Refinery
Astra Ploiesti Refinery will not be paying dividends this year, which is a first time since its 1998 floatation, as 2002 was a very bad year for its financial results. Turnover plunged to ha...
Chance of good money from privatisation missed?
The privatisation market in the Central and Eastern Europe is not what it used to be back in '95-'96, when countries like Poland and Hungary sold their most important companies. Romania miss...
Beer removed from alcoholic beverage list
The Ministry of Agriculture, Foods and Forests (MAAP) is to draft a normative act to remove beer from the list of alcoholic drinks, Tudorel Balta, director within the Ministry said. "The Min...
Romanians shoplift $10 million from supermarkets
The merchandise shoplifted from Romanian supermarkets last year was worth some 10 million dollars, according to market estimates. This is a lot of money for Romania, but extremely little if...