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Over $100m US investment in carbon black
The US-based chemical company Cabot Corporation intends to invest more than 100 million dollars in Romania to build a factory, vice-premier George Copos, the government official who is in ch...
ATEbank enters market by taking over MINDBank
ATEbank, the fifth largest bank in Greece is negotiating a contract to take over the controlling interests in MINDBank, one of the smallest banks in the system, in an attempt to catch the la...
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...
Cosmote set to take over Germanos
The mobile telephony operator, Cosmote Romania, will shortly boast the biggest network of stores among all mobile telephony operators on the domestic market, and will have an important role...
Martin: In Bucharest, hotels need to be filled over weekends
Peter Craig Martin, a 41-year old Brit, has taken over the management of Howard Johnson Grand Plaza five-star hotel in Bucharest for two years, after having worked in the Asian hotel industr...
Tiriac has over 500 million euros planned for real estate developments
Businessman Ion Tiriac, thought to be the richest Romanian, is now focusing on the real estate business, which has become the strategic direction for the expansion of his business. Tiriac no...
UPC Romania takes over Focus Sat
UPC Romania has taken full control of the DTH satellite TV operator Focus Sat, after having acquired 50% last year. According to sources close to the deal, the market value of Focus Sat now...
Petrom takes over former Shell stations
Petrom, the biggest Romanian company, on Thursday announced that it had acquired 30 stations from MOL Romania, as well as MOL Aviation Romania, for which it gave 11 stations in return and pa...
Danube over dangerous level in several towns. No real danger, authorities say
The Danube flow at the entrance to Romania has risen by approximately 50% over the last few days, above the multi-annual average of April, to 12,000 cubic metres per second. The authorities,...