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Gaz Vest to change hands this year
Following the takeover of Vitalgaz by US-based Pelagas about a month ago, the private gas distribution market might see yet another major deal this year. Gaz Vest, one of the leading players...
State to sell 33-34% of Petrom
After having postponed the endorsement of the privatisation strategy, the Romanian Government on Tuesday approved privatising Petrom by the sale of a 33-34% stake in the company, followed by...
Bunge plans to invest in agriculture
After having recently bought two Romanian edible oil makers, the Americans at Bunge Ltd., one of the world's leading companies in the foodstuffs industry, are now contemplating new opportuni...
Primola to sweeten brand portfolio, consolidate market position
Chocolate maker Primola is planning to invest $5 million in infrastructure, distribution and marketing in order to expand and consolidate its market position. "We believe we should seize eve...
Insurance market on route to $700 million
The insurance market amounted to 10,200bn ROL in the first five months, up more than 40% in nominal terms compared to last year. If this pace maintains, the market will come to total 23,300b...
YKK zippers to be "Made in Romania"
Japanese group YKK will start making zippers in Romania. Zippers are one of the products that have gained the group worldwide recognition. The investment is estimated at $10 million, with th...
Dacia bids farewell to BSE
The shares of carmaker Dacia Pitesti will be officially withdrawn from the unlisted securities market of the Bucharest Stock Exchange (BSE) today. Since going public in September 1997, Dacia...
Biggest loss-making enterprises slated to enter voluntary liquidation
Finally. After ten years of delays and laments, the authorities are seriously delving into capitalism. The biggest loss-making enterprises, often quoted as an example of the Government's lac...
Veolia to water Romanian villages
Veolia Water, division of Veolia Environnement (formerly known as Vivendi Environnement), a water, energy, transports and sanitation operator is planning to expand operations on the Romanian...