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US oil companies gradually giving up explorations
Canadian company Ramco Oil & Gas has recently taken over the majority stake in a drilling perimeter located in Valea Jiului, from Pannonian Energy, a US firm. The Americans still own a 25% s...
Tnuva to team up with Bank of Europe
Bank of Europe will become a partner, with 35% in the $50m investment that Israeli dairy company Tnuva will make on the Romanian market, Arik Raichman, Tnuva general executive manager, was q...
Romania willing to give up some of EU funding
Romania is willing to give up some of the money it is supposed to get from the European Union after accession, if this leads to an agreement on the long-term European budget, President Traia...
Rtd market dries up
Arriving as a serious contender for beer, ready-to-drink beverages (RTD), where the main players are Bacardi Breezer, Havana Loco and Campari Mixx, died out very quickly after a dazzling sta...
Contenders bid for land Montupet gave up
Four foreign companies - one from India, two from Germany, one from Austria - have made known their intention to invest in the land in Cluj rejected by French firm Montupet prior to withdraw...
Flamingo puts up for sale 20% of its shares in view of floatation
IT equipment retailer and dealer Flamingo will start the necessary procedures next week in view of listing on the Bucharest Stock Exchange through an initial public offering that can reach a...
Ford sales up 50% in April
Romcar, the local representative of US carmaker Ford, saw its sales soar by almost 50% in April compared with the same time last year. Besides the Focus model, which is the top selling Ford...
Turnover up, profits down for Eforie
Turnover up, profits down for Eforie
Farmacom spends 1m euros to catch up
Farmacom spends 1m euros to catch up