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Procter&Gamble set to consolidate business in Romania
The possibility of a free trade agreement with Yugoslavia has made Procter & Gamble, the US manufacturer of detergents, cosmetics and cleaning products, transfer the detergent production for...
Minority shareholders give in to pressure, sell remaining stakes in Automobile Dacia
After almost one year of disputes, faced with the grim alternative of staying in a delisted company, the main three minority shareholders of Automobile Dacia - investment funds Broadhust and...
APAPS goes to war with union leaders
The Privatisation Authority (APAPS) is accusing certain union leaders at the Brasov-based plants, whose workers did not cease protesting on the streets yesterday, of obstructing negotiations...
Bucharest Mall to lure 17 million visitors in 2003
Two hundred million dollars. This is how much the 15 million Bucharest Mall visitors spent last year. "The first months of this year were even more profitable than the same period of the pre...
Iraqi conflict eventually gets to international markets
The turn for the worse taken yesterday by the military operations in Iraq wreaked havoc among the world's financial markets. The European markets plummeted, the indices on the Wall Street pl...
WinMarkt to invest $4.5m
WinMarkt is planning to invest more than $4.5 million this year in taking over new commercial centres and modernising the company's chain of stores, said chief financial officer Anca Barbule...
BSE and Rasdaq mulling merger in a bid to cut costs and gain investors' trust
High trading costs, shrinking liquidity, few attractive listed companies, and, most of all, upcoming competition from other capital markets. This is the almost critical situation of Romania'...
OTE to feed $500m into Cosmorom
It is becoming more and more obvious that RomTelecom's majority shareholder, Greek group OTE is in no way planning to shed the mobile telephony division Cosmorom, even though the latter is n...
Boiler business, a magnet to investors
Selling boilers, one of the trendiest businesses on the Romanian market over the last few years, has attracted both companies specialising in this field and those operating in different fiel...