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SNP employees buy into Petrom Aviation
SNP Petrom Employees' Association yesterday put out a bid on RASDAQ to buy about 20% in Petrom Aviation (Romarc Fuel), a company dealing in aviation fuels. Petrom Aviation's majority shareho...
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...
OTE to feed $500m into Cosmorom
It is becoming more and more obvious that RomTelecom's majority shareholder, Greek group OTE is in no way planning to shed the mobile telephony division Cosmorom, even though the latter is n...
TUI buys into Romanian tour operator
German company TUI, Europe's largest tour-operator, took over 70% in Danubius Travel Agency, one of the biggest such companies in Constanta, the German group said. Danubius operates in busin...
Metal Invest Grup buys into Uton
Darmanesti-based Metal Invest Grup has managed to buy 352,139 shares in technological equipment provider Uton Onesti for 81,375 ROL/share in a takeover bid on the Bucharest Stock Exchange. T...
Rolast profit turns into loss
Faced with the loss of foreign markets and the slight appreciation of the domestic currency against the dollar, synthetic rubber parts maker Rolast Pitesti in 2002 posted losses for the seco...
BCR looking into telecoms
Banca Comerciala Romana (Romanian Commercial Bank - BCR), the largest bank in the Romanian system, is interested in teaming up with the Romanian Post Office and establishing a new fixed tele...
Trend turns into phenomenon: PET bottled beer
When it was first launched on the market several years ago, few thought it would ever make it. The low purchasing power and the practicality of the bottle, however, have turned the PET (plas...
Euroweb to go into VoIP
Shortly after PCNET's launch of voice over Internet Protocol (VoIP) services for international calls, another major Internet service provider in Romania, Euroweb has decided to enter the new...