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Garrone banks on rise of Italian cuisine to sell its products
The producer of the Garrone vermouth, Romanian Drinks Service, will soon launch alcoholic beverages on the aperitif and digestif segment following completion of a 2.5 million-euro investment...
CosmoRom revival likely to unleash price war
The strong comeback by Romanian mobile communications operator CosmoRom that has been announced for this year will be accompanied by attractive customer offers that will re-launch competitio...
Transavia Alba Iulia turnover to double
Fowl producer Transavia Alba Iulia, which is owned by businessman Ioan Popa, is expecting to double its turnover this year, after completing a 12 million-euro investment in a slaughterhouse...
Petromidia panic causes Bucharest Stock Exchange nosedive to year low
Petromidia shares resumed trading yesterday 13% down after the suspension of trading that followed the detention of Dinu Patriciu, Rompetrol''s main shareholder, by prosecutors and their att...
Metro brings Real hypermarkets to Romania
Metro, the world''s third-largest trading company, has revealed it will bring its hypermarket unit to Romania, following the cash & carry and DYI units. "We have already set up the company '...
Rompetrol to sue Romanian state for hundreds of millions of dollars
Rompetrol will file suit with a World Bank arbitration court for damages incurred as a result of actions taken by institutions of the state. The central elements of the case include a letter...
Competition Council issues highest ever fine to cement producers
The Competition Council yesterday announced its decision to issue a 28.5 million-euro fine to the three cement producers in Romania: Lafarge Romcim, Holcim and Carpatcement. This is the most...
European Drinks applies to EBRD for loan to support long-term investment
Food and beverages group European Drinks, which is owned by Ioan and Viorel Micula, has turned to the European Bank for Reconstruction and Development (EBRD) for a 195 million-euro loan. Det...
Italian land buyers go from west to east
Two well-known names on the Italian wine market, Cantine Giacomo Montresor and Fantinel, have decided to invest in the Romanian wine industry by acquiring large amounts of land in Romania. T...