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Excelent-Kandia merger in the works
Excelent, Romania's second-largest sweets maker, is planning a merger by absorption with Kandia, the market's third-largest company. Excelent already holds a 62% stake in Kandia, whereas the...
THE STAMPS FACTORY
THE STAMPS FACTORY launches: A public open tender , without shortlist, for the procurement of machines and equipments to upgrade the stamps production and assembly line. The deadline for sub...
Unirea in the black
CDMAI Unirea, the company that owns the Unirea store in downtown Bucharest has managed to make 636 million ROL net profit in the first half, compared with the over 6bn ROL net loss in the sa...
TNK-British Petroleum, the first official suitor for Petrom
Russian-British company TNK-British Petroleum (BP) had submitted, by yesterday morning, the only letter of intent for the privatisation of SNP Petrom, Dan Ioan Popescu, Economy and Trade Min...
Diana Forest still in the red
Bacau-based Diana Forest, which operates in the wood processing industry, posted 6m euro sales in the first half, almost double as compared with the entire year 2002, after having increased...
Body Shop sales flat in the first eight months
Cosmetics store chain The Body Shop Romania in the first eight months of this year registered sales worth 800,000 euros, largely equal to the sales posted in the same period of last year. De...
Inflation in the first eight months reaches 7.3%
The inflationary rate progressed only 0.3 percentage points in August, so that the annualised rate was 14.2% compared with August last year. This trend was due to the drop in foodstuffs pric...
Danubiana in the red
Tyre producer Danubiana Popesti-Leordeni, a member of the Tofan Group, reported first-half losses of 23.8 billion ROL, against a 656.6 million ROL net profit set in its S&R budget for the ab...
Mortgage deeds market law in the works
Consultant Deloitte & Touche along with the representatives of the National Securities Commission (CNVM), of the Stock Exchange and the Finance Ministry has started work on the draft to regu...