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$50 million gas pipe in northern Moldova
Russian gas pipe maker Stroitransgaz, held by the Gazprom Group is planning to build a $50 million gas duct between Drochia (Republic of Moldova) and Iasi (Romania) via Ungheni, an official...
Luxurious homes for $2.5 million
Cernavoda-based General Concrete Company will dedicate the luxurious "Sun Flower" residential park by the end of this year. The park is located in the Baneasa area and entails a $2.5 million...
Petrom exports worth $572 million
The export-related revenues of SNP Petrom, Romania's largest company are estimated to reach $572 million this year, up about 83% compared with 2001. Petrom's exports are destined to the Euro...
Energy sector gets $85 million
The World Bank (WB) next year will grant Romania an $85 million loan to cover part of the funding required by a $110m project aimed at the energy market and at retooling the electrical power...
Hilton reaps $80 million in five years
The AthAénAée Palace Hilton hotel, based in Bucharest, has collected more than $80 million in its five years in business, Michael Williamson, business development manager of the hotel...
Bermas makes one million dollars
Beer producer Bermas Suceava recorded nine-month net profit worth 32 billion ROL ($0.97m), up one third in real terms since the year-ago period. Q3 profit amounted to 14.1 billion ROL. Turno...
Bribe - a $500 million market in Romania
The Romanian companies confess: they are paying more bribes, as the amounts allotted for securing various "favours" have increased, from an average of 1.7% of annual sales in 1999 to 2.6% th...
Insurance market worth about 500 million dollars
The insurance market could come to total about half a billion dollars by the end of the year, according to the nine-month performance, therefore 45% higher than in 2001. "The gross premiums...
Connex target for 2003: 3 million customers
Ted Lattimore, MobiFon president and COO feels the Connex service will register some 2.6-2.7 million subscribers by the end of the year. "And if we gain another half million next year, we'll...