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Magnetto Wheels invests several million euros in Dragasani-based plant
Increasingly more international companies are relocating their production activities to Romania, lured by the cheap workforce, then close down their Western plants. This is not a new trend....
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...
Over 2.5 million customers for Orange Romania
Orange Romania had come to total more than 2.5 million clients by the end of May. The number of customers might increase to 2.9 million by yearend, CEO Bernard Moscheni told Mediafax. It was...
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...
Romanian businessman sells $10 million antivirus to Bill Gates
Microsoft, the world's largest software company, is buying technology developed in Romania. The company yesterday said it would purchase the intellectual property rights and the antivirus te...
Avrig 35 raises bet in Bucharest by $100 million
Avrig 35 SA, one of the largest investors on the Bucharest real estate market, is planning to invest more than $100 million in this field, executive manager Alexander Hergan said. Avrig 35,...
$234 million in 30 mergers and acquisitions
The number of mergers and acquisitions (M&A) in Romania amounted to 30 last year, compared with 26 in 2001, yet the estimated value of the market dropped 10% over against the previous year,...
Publishers want $1 million
The Press Publishers and Distributors Group (GEPD), the company planning to secure exclusive rights for printed press retail in Bucharest, wants to increase its shareholders' equity by 33bn...
O floare de un million de dolari
Incepand de astazi compania Rompetrol, principalul grup petrolier particular de pe piata din Romania, isI schimba "fata" sI strategia de abordare a pietei de distributie a produselor petroli...