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SIF Oltenia goes into tourism
Societatea de Investitii Financiare (Financial Investment Company - SIF) Oltenia is planning to become more actively involved in tourism as of this year. To that end, it will take over the c...
APAPS goes to war with union leaders
The Privatisation Authority (APAPS) is accusing certain union leaders at the Brasov-based plants, whose workers did not cease protesting on the streets yesterday, of obstructing negotiations...
Marius Ghenea goes back to computers
Marius Ghenea, one of the founders of Flamingo Computers and CEO of Flanco International, has decided to go back to the IT business world. His target is the young FIT Distribution company, s...
Turbomecanica profit goes to shareholders
The Board of Directors of the aircraft engine and mechanical subassemblies producer Turbomecanica Bucharest proposes its shareholders a gross dividend of 6,348 ROL/share, which accounts for...
Ana Electronic goes to Rasdaq
One of the top companies part of the group owned by businessman George Copos, Ana Electronic, will be listed on RASDAQ as ANEL as of March 7. Ana Electronic will therefore become the second...
Topway: vinegar goes with margarine
Now that it has sold its margarine, ketchup and mayonnaise division, Topway Industries uses the money to consolidate its position on the edible oil market and go into vinegar. Part of the mo...
Sugar business goes sour
Some of the foreign sugar investors are thinking about leaving the Romanian market, unless the Government agrees to increase the customs duties for the sugar imports. "The foreign shareholde...
Tax memory goes online
As of January 9, 2003, no trading company will be set up or registered with the Trade Registry without the partners, shareholders or legal representatives of the respective legal entity prod...
Another American business goes down the drain
It seems Romania is not quite the best place for the major American businesses, yet: the leading propane distributor in the US, UGI Corporation ($2.5bn in annual revenues) and its partners h...