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Zaharul Oradea invests 10m euros to save on costs
Zaharul Oradea, part of Germany''s Cristal Union group, announced investments of approximately 10 million euros for this year, targeting a project related to energy saving and cost reduction...
Murfatlar set to focus on China and Russia
Radu Morar, marketing manager with Murfatlar, one of the biggest wine producers domestically, says exports will account for 20% in the company''s turnover this year. "After having strengthen...
Black Tuesday costs 1.5bn euros on Bucharest Stock Exchange
The stocks of BRD and Petrom, the largest companies listed on the Bucharest Stock Exchange, yesterday plunged 11.6% and 9.6% respectively. The reason for this slump remains unclear, but many...
Zentiva seeks stronger position on pharmacy market
Last autumn''s acquisition of Sicomed has allowed Zentiva pharmaceutical company to speed up its development pace on the domestic market. "Without this acquisition, we would''ve had to build...
On the moove
Allied Telesyn a?" Dragos Marinescu, Country Manager Subsidiara din Romania a companiei japoneze furnizoare de solutii IT Allied Telesyn are un nou director, in persoana lui Dragos Marinescu...
EBRD and GED to sell stakes in Continental hotel chain on BSE
The European Bank for Reconstruction and Development (EBRD) and two financial vehicles of the Spanish GED Capital Development have started procedures to sell their stakes in the Continental...
Pop Baldi spends Astral money on offices
After having sold a 3.95% stake in the Astral Telecom cable company to US-based UPC last year, Dan Pop Baldi has decided to go into real estate. His company, Terimob Invest, bought the City...
Outlook on Romania for the year 2010
The main goal of Romania over the next few years needs to be completing reforms started and left unfinished, such as the fiscal reform, the privatisations of the state-run companies and the...
EU postpones decision on Romania''s accession
The European Commission will draft a new report on Romania and Bulgaria in October. It is this document that will clearly state if Brussels believes the two states are ready to join the Euro...