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Refinery takes Lukoil revenues to over one billion euros
Lukoil (Russia), one of the world's largest petroleum companies, has overshot the one billion-euro mark in Romania, eight years from its entry on this market. The business of the Russian gia...
Wella sees over 20% growth
According to data published in the Official Gazette, the company derived gross income standing at 0.7 million euros, which is comparable to that in the previous year. The company at the end...
Over 15m-euro revenues for ANA Hotels
Hotel operator ANA Hotels posted a turnover worth 55.4 million RON (some 15.3 million euros) in 2005, as compared with 54 million RON in 2004, according to the company's official report. The...
AVAS freezes accounts of over 5,500 companies
The State Assets Resolution Authority (AVAS) has frozen the accounts of over 5,500 private capital companies, whose debts to the institution exceed 17.5 million RON. The companies have debts...
Logan business worth over 1.6bn euros
The inexpensive Logan car brand has reached a production of 250,000 units since the start of manufacturing some two years ago, according to data announced by the French producer Renault. At...
Clifford Chance takes over Badea, Georgescu lawyers
Clifford Chance, the world's biggest law firm, has teamed with the Badea, Georgescu&Asociatii law firm to enter the Romanian market, whose annual value is estimated at 100 million euros, in...
Agrana''s sugar business generates over 117m euros in revenues
In the 2005/2006 financial year ended in February, Agrana Romania, the branch of the Austrian group Agrana, posted a turnover worth 117.8 million euros, a 52.3% increase against the previous...
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...
Dinel Staicu officially takes over SIF Oltenia
Craiova-based businessman Dinel Staicu, an outspoken fan of the Ceausescu family, has officially taken over financial investment company (SIF) Oltenia, one of Romania''s most profitable comp...