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Tuborg to invest another $50 million
Tuborg will invest 50 million dollars (over 41 million euros) next year, to boost the production capacity of its Bucharest plant, so as to reach 2.3 million hectolitres in 2011, double the c...
International to become affiliated
Turism Felix will modernise the International Hotel in the resort of Baile Felix, with a view to affiliating it to a foreign chain, based on a franchising contract. "We are in talks over the...
Garanta to merge with Alpha Insurance
Insurance companies Garanta and Alpha Insurance, controlled by the Greek company Ethniki Asfalistiki, will merge next year, says the general manager of Garanta, Konstantinos Argyropoulos. "T...
Viorel Catarama dumps euros and moves to rubles
After having lost nearly 2 million euros from the decline of the euro against the RON, businessman Viorel Catarama, the owner of the furniture manufacturer Elvila is dropping some of his cli...
Radisson to operate Bucharest Hotel
International hotel chain Radisson SAS will enter the Romanian market in 2007, when it will start operating the Bucuresti Hotel under a management contract, Yaron Ashkenazi, the head of oper...
Organe de Asamblare investments to total 9.8m euros
The Brasov-based company Organe de Asamblare, which specialises in the production of screws and rivets for use in the automotive industry and railway infrastructure, will carry out an invest...
Franchises to fuel Leonardo''s development
The Leonardo chain of footwear stores has established the development of a network of stores under a franchise system as its strategy for next year. Leonardo''s plans for 2006 concern the op...
BCR bidders have eight days to study contract
The privatisation contract of Banca Comerciala Romana (BCR) stipulates the possibility for the bank''s shares to be listed on the Bucharest Stock Exchange, and a tender offer to be put out i...
Petrom to post half a billion-euro profits
Less than a year has passed since the privatisation of the largest company in Romania, and Petrom could already post more than half a billion euros in net profit, a record high for any compa...