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Marriott to turn into JW Marriott
Bucharest-based Marriott Hotel will graduate to a superior brand of the hotel chain - JW Marriott, which ranks between the five-star and the luxury standard. The hotel in Bucharest will be t...
$5.5m to "disarm" reactor in Pitesti
The Romanian authorities will invest $5.5 million to convert the research reactor in Pitesti by 2006, so that it would run on low enriched uranium by then instead of enriched uranium as it d...
Orange moves to buy remaining 32% stake in Romanian branch
French group Orange, the mobile telephony arm of France Telecom, has started procedures to buy the remaining 32% stake in Orange Romania that it does not own yet, according to market sources...
Carrefour top manager goes to Univers'all
The Romanian retail market has attracted increasingly more international groups in the past few years. In an attempt to beat the competition, Romanian companies have found a way to compensat...
Agip: We waited eight months to open one coffee shop
The red tape in Romania, one of the major shortcomings of the business environment here, has had foreign companies doing business in Romania pointing a finger to it on countless times. What...
$130m Metropola Business Center to host Grand Hyatt hotel
The five-star hotel from the Metropola Business Center, which will be built on the premises of the former Radio House in Bucharest, will be affiliated to the Hyatt international chain hotel....
Medicover revenues up to 7.7m euros
Swedish medical services group Medicover reported preliminary revenues of 7.7m euros in Romania, as the pre-paid medical assistance unit went up 22% and a 6% growth came from lab activities....
Autoliv relocates operations to Romania
Swedish automotive safety equipment maker Autoliv will relocate part of its productive operations in Germany to Romania by the end of 2005, Ionel Fierbinteanu, Autoliv's Romanian subsidiary...
InterAgro turnover up to 560m euros
Companies in the InterAgro group, held by businessman Ioan Niculae, posted 560m euros in turnover last year, up 16% from 2002, when they had reported $470m. However, business remained flat i...