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Cargill gets foothold on Romanian market
US group Cargill on Wednesday took over the main stake in one of Romania's main grain storing companies, Comcereal Alexandria, under a transaction worth 824bn ROL ($26m). Cargill, one of the...
Petrom focuses on motels this year
Subject of an ongoing privatisation, Petrom proceeds with its investment plans for its core business (oil) and primarily for its collateral businesses, such as motels, unhindered. The Nation...
Banc Post to focus on large companies
Banc Post's corporate strategy for the next three years will mainly focus on large and very large companies and will aim at an annual growth of the credit portfolio. "Our three-year strategy...
Petromidia on BSE
Rompetrol Rafinare (Petromidia), the main company of the Rompetrol Group, has started procedures for listing on the Bucharest Stock Exchange (BSE), which might be done by the end of January,...
Piraeus Bank closes on Banca Tiriac
Greek group Piraeus Bank is the last bidder left in the race for the main stake in Banca Tiriac, according to sources close to the talks. The deal has been long awaited by the entire banking...
Romanians spend $2m on SMS messages in several days
Sending greeting cards by mail is already passé. In Europe, the networks of mobile telephony operators have been literally besieged on Christmas Day and on New Year's Eve by the users that c...
Salomon on a ski trip in Romania
The Salomon Company, world's largest winter sports gear producer in terms of turnover, will transfer some of its ski production to Romania as of this year, according to Salomon Romania SRL's...
Season start on the right foot
The high demand for holiday packages in the resorts in Valea Prahovei (Prahova Valley) and the snow on the slopes have boosted the revenues of the businesses in the region. "The take-up of t...
JTI Romania: bigger sales, profit on hold
The Romanian arm of Japanese tobacco company JT International estimates to post some 5,200bn ROL (136.8m euros) in turnover this year, up 38% from 2002. "2003 was a much better year for JTI...