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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...
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...
Aker takes over Braila Shipyard
Norway-based Aker Brevik, which controls the Tulcea Shipyard, has announced the takeover of the Braila Shipyard from another Norwegian company, Scandinor. The deal comes after the integratio...
Renault takes over Nissan in Romania
Renault Romania, importer of the autos made by the French group, at the beginning of 2003 took over the import and distribution of Nissan cars. "After the distribution agreements between Ren...
Ringier takes over Pro Sport
Mediapro and Ringier (Switzerland) media groups struck a deal in late last year, entailing the acquisition of the leading sports daily in Romania, Pro Sport by the Sportrom SA company, contr...
Moody's reservedly takes note of Romania's improved economic situation
After one year, U.S rating agency Moody's reservedly "took note" of Romania's improved economic situation.In its six years of evaluating Romanian risks, Moody's has been more severe in its a...
Bush takes corruption pledge seriously
The American administration has sent an official to Bucharest to talk with the Romanian authorities about ways for co-operation and solutions to the several problems that might come between...
Hospital privatisation takes off with space and services
Hospital privatisation takes off with space and services
Hospital privatisation takes off with space and services
Rehabilitation and upgrading of public hospitals involves a financial effort worth two and a half billion dollars, according to World Bank estimates, as one and a half billion dollars are ne...