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Cigarette prices to go up
Whereas an average net salary in the economy was enough to buy 194 cigarette packs in the best-selling price category at the end of 2002, the same money will be enough to buy only 62 cigaret...
Mefin to break even in 2003
Mefin Sinaia, a company specialised in making injection pumps for diesel engines, estimates to post 17bn ROL gross profit in 2003, after having ended 2002 with 21bn ROL ($0.6 million) losses...
Asirom loses general insurance crown to Allianz-tiriac
Asirom lost the number one position on the general insurance market to Allianz-tiriac last year. Asirom on Tuesday announced general insurance-related revenues (premiums grossed) worth some...
Alro to take over Alprom
Aluminium plant Alro Slatina will become the main shareholder of the other Romanian company operating in this field - Alprom Slatina. The acquisition will simplify the shareholding structure...
BRD-SocGen to invest about 40m euro in 2003
The investments Banca Romana pentru Dezvoltare - Groupe Societe Generale is planning to make this year will amount to 1,353bn ROL (about 38 million euros) and will be primarily aimed at buyi...
Marius Ghenea goes back to computers
Marius Ghenea, one of the founders of Flamingo Computers and CEO of Flanco International, has decided to go back to the IT business world. His target is the young FIT Distribution company, s...
Dambovita effect: expats choose to stay in Romania
Their stay in Romania was originally supposed to last several years, as they had come here to run foreign companies or investment funds. However, some of the expats then chose to remain in a...
Berlin-Chemie to make drugs in Romania
German pharmaceutical company Berlin-Chemie, part of the Italian Menarini Group is planning to start producing drugs in Romania. It will begin by producing one of its diabetes drugs, Siofor....
Supermarkets drawn to residential districts
They say you shouldn't care how far the closest store is, as long as you have a car and some gas money. However, residential districts seem to contradict this theory, as they have prompted t...