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Business of 39m euros for Autoliv
The producer of seat belts and gas generators for airbags Autoliv Romania estimates it will post a turnover worth 30 million euros in 2006, a two-fold increase against the 12.8 million euros...
Archbishopric of Alba Iulia sells stock to pay debt
The Orthodox Archbishopric of Alba Iulia sold over 2.6% in VES Sighisoara on the RASDAQ market in order to get money to pay off debts to the state and various suppliers. The Archbishopric ha...
Enel pays 820m euros to take over sale of electricity in Bucharest
The Italians submitted a financial bid worth a total of 820.09 million euros for 67.5% in the electricity distributor of the Capital, which will be the value of the privatisation contract. T...
Stephen Stead relinquishes position at the top of Terapia
The chief executive of drug maker Terapia Cluj Napoca, Stephen Stead, will relinquish his position after having reached an agreement with the new majority shareholder, the Indian company Ran...
Wrigley wants 40% of candy market
Mihai Georgescu, general manager of Wrigley Romania, the leader of the domestic chewing gum market, says that Wrigley''s global strategy related to the company''s continued expansion on non-...
Battle of the banks over accounts worth several million euros
At least half a billion euros. That is how much the accounts are worth that the big banks are managing for their over 3,000 individual customers with at least 100,000 euros in cash each. Mar...
Flood of EU brands expected
After Romania joins the European Union, the 700,000 brands registered on the EU market will be automatically acknowledged on the domestic market, as well, but the Romanian brands will become...
Gazprom changes balance of power on the gas market
Russian group Gazprom, the biggest gas producer in the world, announced at the end of last week that it had closed an agreement with the Conef trader to deliver 50 billion cubic metres of ga...
Fewer workers to make 1.6bn euros worth of furniture 2010
Furniture production is set to advance gradually to 1.6 billion euros by year 2010, while the number of employees will decrease. Furniture consumption is going to get close to 900 million eu...