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AVAS takes Kastamonu to court
Kastamonu Entegre, the owner of Romania-based Prolemn Reghin and the biggest player in the Turkish wood industry, was taken to court by the State Assets Resolution Authority (AVAS) for not c...
Cristian Burci in talks to buy Astra Vagoane from Trinity Industries
Businessman Cristian Burci is in talks to buy Astra Vagoane Arad factory from the Americans at Trinity Industries. The deal also entails buying other companies of the European division of Tr...
Dacia to boost turnover by over 1bn euros
French Renault Group, which makes the Logan model, will boost the production capacity of the plant in Ploiesti from 235,000 to 350,000 units by January 2008. This will increase the turnover...
MKB to fund Romexterra's growth through sale of bonds
MKB, the second Hungarian bank to enter the Romanian market, intends to fund Romexterra Bank's development plans through syndicated loans and bond issues denominated in RON and euros, accord...
Baile Felix to be turned into a spa
The management of Turism Felix (in Baile Felix Oradea), which has been preparing the company's listing on the stock exchange in two weeks' time, by selling 77 million shares, intends to turn...
Citibank wants to expand organically
Citibank believes it is not worth paying the high prices on the Romanian banking market to expand by an acquisition , so that, at least for now, it will continue to invest in organic growth...
Office equipment business to reach 400m euros in 5 years
The market of stationery products, office supplies and office furniture might double by 2010, amid the large number of companies entering Romania and the rising number of "office" employees....
Masterfood awaits market development to build a plant
Masterfoods Romania, the domestic arm of Mars Incorporated, one of the world's biggest producers in the food industry, estimates it will consider opening a production facility in Romania at...
Amonil Slobozia to lay off 28% of staff
Amonil Slobozia, a chemical fertiliser producer, will lay off 231 employees, following a decision made in the Extraordinary General Meeting of Shareholders. In the EGM that took place at the...