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Beer consumption up, local brewers out
The faster and faster disappearance of the independent brewers, the entry of the European Drinks Group in full gear and the 11.9% higher consumption were the main features of the Romanian be...
Angst to pull out of Baneasa supermarket
Charcuterie producer Angst Ro could drop the underground supermarket project it started along with a foreign partner in the Baneasa area last year. The project entailed an about $3 million i...
Romanians to be allowed to take any amount of foreign currency out of the country
Several weeks ago, the central dailies wrote that Gigi Becali, owner of the Steaua Football Club, allegedly crossed the border with almost 300,000 euros in cash, aiming to award his players...
Italy's Eni bows out of Petrom race
The series of withdrawals of the world's oil giants from the Petrom privatisation race came to an end when the Italians from Eni decided to leave the competition, following the lead of Conoc...
Russian-British consortium TNK-BP drops out of Petrom race
Russian-British company TNK-BP is the first investor to drop out of the Petrom race, even before being granted access to the data room of Romania's largest company. Economy and Trade ministe...
Halliburton out of Petrom race
US giant Halliburton, supplier of oil equipment and services, has not been shortlisted to bid for SNP (National Oil Company) Petrom and is contesting the decision of Romanian authorities, ur...
Halliburton out of Petrom race
US giant Halliburton, supplier of oil equipment and services, has not been shortlisted to bid for SNP (National Oil Company) Petrom and is contesting the decision of Romanian authorities, ur...
$65m illegally wired out by Arabs
General Police Inspectorate on Tuesday announced a group of Arabs that controlled more than 89 companies had illegally transferred over $62 million and nearly 3 million euros from Romania to...
Prefab's bond issue turns out to be a flop
Construction supplies producer Prefab Calarasi's bond issue is the first failure of a Romanian company to sell bonds and raise cash for its operations in three years. The public bond offerin...