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Alum Tulcea needs $20 million
Alum Tulcea's Extraordinary General Meeting of shareholders early next week will analyse a 687bn ROL (approximately $20 million) capital increase in order to provide financing resources for...
Astral Telecom spends $2 million on its looks
Astral Telecom started out as a cable TV operator ten years ago. It then became an ISP, as well, and is to turn into an integrated communications operator, which includes local telephony for...
Softwin bets one million euros on Germany market
Softwin, the Romanian software company known mainly for its BitDefender antivirus programmes, has opened an office in Germany, aiming to get 5% of the local market of antivirus software in s...
Connex heading for 3.3 million customers
Mobile telephony operator MobiFon, owner of the Connex brand, yesterday celebrated the addition of the third millionth customer, with the company officials confident it would gain two or thr...
Over $3 million profit for SIFs in August
The five financial investment companies made 109bn ROL (more than $3 million) profit in August, so that their eight-month profits amount to 1,276bn ROL ($30 million). August can be regarded...
Petrom announces $430 million petrochemical investments
SNP Petrom, the largest company on the Romanian market, is planning to invest some $430 million throughout 2003-2007 in establishing new productive facilities, retooling the already existing...
Card market reaches 4,5 million units
The Romanian market of electronic payment instruments reached 4.5 million cards at the end of July, according to the reports filed with the National Bank of Romania (NBR). In July, banks iss...
Mobile phones, accessories and services make up a $350 million market
Hundreds of millions of dollars reach the accounts of the mobile telephony operators in Romania every year. The top two players on this market, Connex and Orange had come to total more than...
Electrica's H1 loss, 8.3 million euros
Electrica, the second-leading company on the Romanian market in terms of turnover, posted 8.3 million-euro loss in the first half, against the about 2 million-euro (73.9bn ROL) profit antici...