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Renault wants to take over Daewoo Craiova for Nissan
Carmakers Renault and Nissan signed a letter of intent with the Office for State Interests and Industrial Privatisation (OPSPI) in order to acquire the Daewoo Craiova plant. The purpose of t...
Raiffeisen to launch mutual funds
Raiffeisen Bank Romania will enter the mutual fund market in the first quarter of 2006. Its management company, SAI Raiffeisen Asset Management (RAM) is to launch four products, suited to ma...
Dedeman to develop construction supplies hypermarket in Bucharest
The Dedeman group, operating a chain of stores and warehouses for construction and home decor materials in the eastern region of Romania, foresees turnover for the current year totalling 70...
Mittal offers 4.6m euros to delist Romportmet
Mittal Steel Holding, the owner of the Sidex Galati steel mill, has put out a tender offer for 10% in harbour operator Romportmet, after acquiring control of nearly 90% in the company follow...
OMV moves to restructure Petromservice
Petromservice, a provider of oil services, announced it signed a services contract with OMV-Petrom, through which the value of works carried out for Petrom has been reduced. As a result, the...
Political support essential if Stock Exchange is to develop
The management of the Bucharest Stock Exchange believes that the capitalisation of this market could reach 35bn euros by 2010, that is over twice its current level. The officials made this e...
Puratos Romania sees turnover double to 20m euros
Puratos company, the domestic unit of the Belgian group with a 80-year record in the industry of bakery and patisserie ingredients, forecasts double turnover this year from 2004, to 20 milli...
Sales of free and subsidised drugs fall in relation to H1
Pharmaceutical companies sold fewer subsidised and free drugs in the third quarter of this year as compared with the end of the first half of the year, with consumption of this category of d...
Silcotub profit drops to 1.8 million euros
In the first nine months of this year Silcotub Zalau, part of the international group Tenaris, the world''s biggest piping producer, posted net income worth 6.46 million ROL (1.8 million eur...