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Romgaz steps up gas production
The Ministry of Economy has finalised a Government decision draft on the Arad-Szeged gas pipe, and Romgaz will increase production by two billion cubic metres starting 2007, with both moves...
According Group expects sales up 20%
The According Group, an importer and distributor of products and parts used in thermo-insulating glass production, this year announced turnover worth about 12m. euros, 20% higher than in 200...
Exports push Armatura Cluj up
The manufacturer of household taps Armatura Cluj-Napoca posted a turnover worth over 5.7 million RON (1.6 million euros) in the first three months of the year, a 0.7% increase against the sa...
Creditinfo sees turnover up six times
Creditinfo, the first private company that checks consumer loan application files, in 2005 registered turnover worth 1.6 million euros, almost six times bigger year-on-year. Net income rose...
Siemens sets up regional offices
Siemens Romania, the local branch of the German industrial giant Siemens, announced it would set up a network of regional offices in the same areas as regional EU development centres in Roma...
Daimler Chrysler teams up with Tiriac to sell Mercedes cars
German-American group Daimler Chrysler will become directly involved in the business to sell Mercedes cars on the Romanian market in 2007. It will do so by forming a joint venture with Autor...
Bergenbier pushes Interbrew sales up 34% in Q1
Interbrew Romania, a branch of InBev, the leader on the world beer market, which produces Stella Artois and Bergenbier brands, in the first quarter of this year posted 34% higher sales compa...
Biofarm: business up, profit down
Drugmaker Biofarm Bucharest posted a turnover worth over 4 million euros (14.5 million RON) in the first quarter, a 26% increase in euros against a similar period of last year. Nonetheless,...
Foreign investments up 54%
The value of the share capital subscribed by companies with foreign shareholders stood at 297 million euros in the first quarter of this year, a 54% increase from the same period of 2005, ac...