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Henkell&Sohlein buys Angelli for $11.2 million
German sparkling wine maker Henkell&Sohlein Group at the end of last year bought Astese Production SRL, the company that makes and sells the Angelli sparkling wines on the Romanian market. A...
Interbrands soars to $450 million
Interbrands, Romania's largest distribution company, last year posted record-high sales. "2003 was a year of strong development, focused on organic growth and improvements of Interbrands' pe...
Lukoil sales up 150%, top $415 million
Lukoil Downstream SRL, the local branch of the Russian oil group on the fuel distribution market made profit in 2003 for the first time since the start of its operations in Romania. Lukoil's...
6 million Tuborg Xmas bottles sold
Tuborg Romania brewer sold six million bottles of Tuborg Christmas Brew in the first eight weeks after the release of this brand on the Romanian market this season, one million more than las...
Orange Romania, $157 million richer
Orange Romania concluded 2003 with 50% growth in customer base and 42% higher turnover in dollars. The operator, one of the leading mobile telephony service providers in Romania, had come to...
$721.6 million in significant FDI
The foreign direct investments (FDI) likely to make a significant impact on the economy (i.e. those above $1 million) amounted to $721.6 million in the first 11 months of this year, up 8.8%...
Furniture output worth $670 million
The furniture production in the first nine months of this year is worth approximately 22,000bn ROL ($670 million), up 12.7% from the same time last year, the data supplied by the Association...
BAE Systems invests $200 million
BAE Systems will invest $200 million in Romania over the next five years, about $140 million of which will go to non-defence sectors, says Steve Mead the new BAE Systems Romania country dire...
Zapp is looking for another $100 million to expand its business
Telemobil, the operator of the mobile telephony network Zapp, is in advanced talks over getting a foreign funding worth approximately $100 million, which money will be used for network expan...