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Azomures favours sales over profits
Last year's financial performance of fertiliser producer Azomures Targu Mures was much lower than in the previous year and below the target in its spending and revenue budget. At the same ti...
Battles over housing loans
Banca Romana pentru Dezvoltare (Romanian Development Bank - BRD) - Groupe Societe Generale, the second largest bank on the Romanian market has cut the interests on the housing loans in ROL f...
Tyson Foods mulling over acquisition in Romania
U.S.-based group Tyson Foods, the world leader in producing and marketing beef, pork, and chicken, is mulling over the purchase of a Romanian company. The Americans, who are already present...
Electrolux strike is over
The world's largest home appliance maker, Swedish group Electrolux, can proceed with its plans to relocate production to Romania now that the general strike started last week at its plant in...
Yioula Glassworks takes over Stirom
Greek Yioula Glassworks is the new majority shareholder of Romanian glass-making company Stirom Bucharest, after having acquired the main stake (50.99%) held by the Stirom Association of Emp...
PSD MPs fussing over Iliescu's instructions
PSD (Social Democrat Party) legal specialists had a difficult mission yesterday, that is finding a solution the party members could accept and at the same time keep in line with President Io...
Leading investment banks fighting over Romanian eurobonds
The big investment banks are preparing for a deal that could help them climb higher in the international transaction rankings: Romania is launching a new eurobond issue, worth 500 million eu...
Oriflame chooses volume over profits
The Romanian branch of Swedish cosmetics company Oriflame posted approximately $22.2 million turnover last year, up 47% from 2001, when sales reached $15.1 million and net losses amounted to...
DEG takes over 17% in Motoractive
German Investment and Development Bank (DEG) will take over nearly 17% in Motoractive leasing company in exchange for a $500,000 capital inflow. DEG concluded a financing agreement with Moto...