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Continental to fork out $18m on three hotels
The Continental hotels will welcome three new members in 2004, under an estimated investment of 17-18 million dollars in 2003 alone. Following negotiations with the Accor chain, Continental...
Dorna to invest $6m in 2003
Dorna is planning to splash out 6-8 million dollars next year, to expand the product range and the farms located in the Dornelor basin, and to modernise the milk collection process, said Jea...
HVB Group to focus on organic growth
Germany's HVB Group is planning to grow on the Romanian market, setting out to attain 5% market share in terms of assets by 2005 and to open 4-6 subsidiaries annually. The bank is thus plann...
RomTelecom to shed 4,000 more jobs
George Skarpelis, vice-president of Greek group OTE Telecom and general manager of RomTelecom on Tuesday announced the Romanian operator would shed 4,000 more jobs next year. This measure, o...
Tarom losing streak to end in 2005
The national air carrier Tarom is supposed to become profitable in 2005, after having posted some $27 million losses this year, $6.5 million lower than anticipated, Alexandru Szlivka, genera...
Rompetrol to become first integrated oil group
Rompetrol, the group run by businessman Dinu Patriciu could become the first vertically integrated private oil operator in Romania next year. The company is also about to be awarded the conc...
President, PM to meet tete-a-tete
Premier Adrian Nastase is set to go to the Cotroceni Palace today to make it plain and clear to President Iliescu: "I am the party and the party wants early elections in 2003." This is an un...
Siveco Romania to keep growing in 2003
Siveco Romania, a provider of IT integrated enterprise management solutions estimates to end the year with $8.1 million turnover, up nearly 25% since last year. As for 2003, the managers exp...
Diekat to build 18m euro turnover
Greek construction group Diekat envisages turnover worth 18 million euros for next year, up 38% as compared to 2002.Turnover logged by Diekat in Romania includes the operations of Diekat Con...