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"Mr. Joe" buys German firm to produce in Romania
German know-how and cheap labour from Romania - this is the recipe of the entrepreneur Florentin Banu, who has already sold two of the businesses he founded, the producer of Joe wafers and t...
Lafarge to triple capacity at plasterboard factory
French company Lafarge has announced plans to triple plasterboard production at its plant in Romania at a time of rapid growth in consumption on the domestic market. The move will see Lafarg...
Lending guidelines to be changed following IMF request
Leasing and hire purchase contracts, as well as consumer loans and mortgages, will now all be taken into consideration when determining the creditworthiness of applicants for new credits. St...
Greiner to invest 1.4m euros
Sibiu-based plastic packaging manufacturer Greiner Packaging SRL has announced an investment plan of 1.4 million euros for this year, part of which has already been implemented. The company...
Buzau to get 6m-euro real estate project
Constam Group has entered the real estate market with two projects worth a total of 5.8 million euros. The projects involve the construction of a residential complex and an office building i...
Reinert to use Romania as export hub
Germany''s number three on the processed meats segment, Reinert, which has announced it will begin construction works on a 15 million euro production facility near Brasov, intends to turn Ro...
Mittal slashes production in Galati to meet lower demand
Mittal Steel Galati, which is owned by Anglo-Indian steel giant Mittal Steel, is changing its production policy. It intends to reduce steel production at its plant this year in the wake of l...
Ziarul Financiar marks shift to new, stronger domestic currency
Last night at midnight we turned back the clock. The slashing of four zeroes from the ROL is nothing more than a cosmetic move, though it will have a practical effect - the strengthening of...
Energom to supply Indian power plant
French-Romanian industrial automation and metallic structures company Energom Cluj is to supply parts to an Indian nuclear power plant in the second half of 2005. The project is run in a par...