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Romanians working abroad unable to keep up with imports
The current account deficit of Romania's balance of payments maintained its explosive growth trend in the first month of this year. It amounted to 108 million euros in January 2004, which is...
US Smithfield to revive ComTim
The world's largest pork producer, US Smithfield Foods, is in talks to take over 70% in the former Timisoara-based ComTim complex, which is currently held by Agrotorvis SRL Timisoara. Agroto...
Milling and bakery industry surges to 1.3 billion euros, profits dive
The revenues posted by the Romanian milling and bakery industry amounted to 50,000 billion ROL (1.3 billion euros) last year, up more than 80% from the previous year, when they had been wort...
Copos looking to build another hotel
George Copos, owner of the Ana group, claims that the almost 25m euros he invested in the Eforie Nord hotel complex have "shaken" him, but he will continue to invest in the hotel industry. T...
Investors rushing to bricks
The house constructions boom has driven the private investors to autoclaved cellular concrete (ACC) and bricks, as these are the basic materials used to build up a home. The market potential...
Primola taps into new segments, prepares to export
Supreme Chocolat, the producer of Primola and Novatini, plans to considerably expand its product portfolio on the Romanian market and begin exporting to the neighbouring countries as of 2005...
Rehau grows to 18 million euros
Rehau Polymer SRL, the Romanian branch of the German concern, last year registered turnover worth about 18 million euros, up 80% from 2002, according to sources within the group. The surge o...
Carpatica getting ready to move to BSE
The shares of Banca Carpatica (Carpatica Bank) soared on RASDAQ, with the average price growing by about 20% in the last couple of days, due to a high traded value. The reason behind the inv...
SAB Miller pursues Romanian-based brewer to boost market share
Last year's beer market boom has revived the appetite of international brewers for acquisitions in Romania. SAB Miller, the world's third-largest brewer, owner of the Ursus and Timisoreana b...