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Cargill gets foothold on Romanian market
US group Cargill on Wednesday took over the main stake in one of Romania's main grain storing companies, Comcereal Alexandria, under a transaction worth 824bn ROL ($26m). Cargill, one of the...
Domestic currency gets increasingly weaker
The depreciation of the ROL against the two benchmark currencies, the euro and the US dollar, has become increasingly more serious in the last few days and, considering the latest official s...
Flat tax gets lost on the way from Government to Parliament
Despite all the commotion sparked last month by the Finance Ministry, the flat tax is no longer mentioned in the Fiscal Code bill, which is to be debated by Parliament. The Ministry of Publi...
Lafarge Romcim gets gypsum operations
Lafarge Gypsum International, a division co-ordinating the global gypsum operations of French group Lafarge is preparing to sell 90% in domestic producer Lafarge Arcom Gips to Lafarge Romcim...
Romgaz gets $60m loan
Romgaz Medias, Romania's largest natural gas producer, is to contract a $60m syndicated loan from a banking consortium, led by Bank Austria Creditanstalt. The loan is meant for buying gas fr...
Craving for imports gets more expensive day by day
The higher and higher appetite for imports has pushed Romania's trade deficit above $2.5bn (2.3bn euros) in the first half of the year, up 47% from the same time in 2002. Six months through...
Holcim gets over Q1 sales decline
Holcim Romania, branch of one of the world's leading construction materials groups - Holcim (Switzerland), announced 5% turnover growth in the first half, compared with last year, following...
Transelectrica gets $82m from World Bank
Public Finance minister Mihai Tanasescu and World Bank's director for Central and Southern Europe Andrew Vorkink signed an $82 million loan agreement to fund the project to establish the ele...
Advent gets Terapia takeover rolling
American investment fund Advent International has started the necessary procedures to take over Romanian drugmaker Terapia Cluj Napoca in an approximately $43.7 million deal, sources close t...