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Equipment and services heading for $550 million
The Romanian market of energy equipment and services will increase to $550 million in 2003, 10% more than last year, according to Peter Simon, president of ABB Romania, one of the leading co...
SAB pays $0.9 million for delisting
SAB Miller, the world's second-largest brewer, is willing to pay almost 900,000 dollars to see its Romanian unit (CBR) delisted from Rasdaq electronic stock exchange. SAB plans to buy all 10...
Brainconf H1 sales - 6 million euros
Romanian apparel company Brainconf Braila logged H1 sales worth 219.5 billion ROL (6 million euros), up 30% in ROL (4% in euros) since the year-ago period (170.4 billion ROL). At the same ti...
Termoelectrica takes $200 million loan to stock up for winter
Termoelectrica SA, the leading electricity producer and the third-largest company in Romania will contract a $200 million loan in order to build the necessary fuel stocks for the winter of 2...
Hidroelectrica loses 3.5 million euros, blames drought
The effects of the lack of rain we have seen lately are starting to reverberate throughout the economy like in a game of domino. Danube's flow has reached the last 160 years' low, which impa...
VNU pays $24 million for Pagini Aurii
Dutch media group VNU took over Romanian directories company Pagini Aurii (Golden Pages) under one of this year's biggest transactions on the Romanian market. VNU has indirectly increased it...
Insurance market on route to $700 million
The insurance market amounted to 10,200bn ROL in the first five months, up more than 40% in nominal terms compared to last year. If this pace maintains, the market will come to total 23,300b...
Austrians invest $64 million in Transilvanian wood
Austrian company Holzindustrie Schweighofer plans to invest $64 million in a timber processing plant in Sebes, Alba County, which will create some 350 jobs. The town in Transilvania this way...
Noble Ventures now looking to get $350 million from the Romanian State
U.S. company Noble Ventures has raised the amount requested as damages from the Romanian State in the lawsuit it filed in Washington, after having been ousted from Resita Steel Mill (CSR). T...