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10 million dollar deal on natural gas distribution market
VitalGaz, Romania's largest natural gas distributor, was sold by its main shareholder (the Romanian Post-Privatisation Fund - FRPP) to the US energy investment group Pelagas Ltd. The $10m de...
European Drinks soon to enter beer market
European Drinks Group will enter the Romanian beer market in about two months, with the construction works on the brewery (approximately 1 million hl in capacity) almost over, Ioan Micula, E...
Foreign insurers to get the go-ahead for Romanian market
Few people may have thought about it so far, but whoever has actually dealt with this issue must have dubbed it an absurdity: Romanians or Romanian companies are (still) only allowed to buy...
Swimming pools make 20m euro market
The pool market in Romania might double this year, as the orders received by the companies in this industry are to go up to some 20 million euros in 2003, due to the increasingly higher dema...
Antilopa looks at domestic market
Before 1989, anyone sporting a pair of Antilopa shoes was either part of the Communist party elite or had a friend working in a shoe shop. Over the last few years, though, the massive import...
Plenty of room on insurance market
Only one in ten Romanians has a life insurance policy and only one in four has a property insurance contract, a poll conducted by the market research company GfK shows. The percentage is ove...
Tea, a $4 million market
Fruit or herbal tea, green or black tea, tea bags, granulated or instant tea. Considering such an offer it is no wonder nearly half of the people in Romania have grown accustomed to drinking...
Selgros slows down on Romanian market
Selgros, the cash & carry division of the German trade group Rewe is slowing down its expansion pace in Romania. Whereas in 2002 it anticipated to progress at a 3 to 5 stores a year speed, i...
Honeywell posts spectacular growth on Romanian market
The small company established five years ago on the Romanian market by the powerful American industrial group Honeywell is about to become an industrial giant in Southeastern Europe. The Buc...