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UTI teams up with tiriac Holdings
UTI Systems, a company in the UTI Group specialising in IT, communications and security systems, has concluded a partnership with security and protection company SecureIT Force SRL, part of...
Over 51% in SNP up for sale
Economy and Trade minister Dan Ioan Popescu on Monday said the State might put up for privatisation more than 51% in SNP Petrom. "I am in favour of privatisation. I am not a fan of 51%; the...
Diesel price up. Gas next?
The excise on diesel oil goes up to 221 euros/tonne from 187 euros/tonne as of July 1, Finance minister Mihai Tanasescu said. It has to reach 285 euros/tonne in the next three years as negot...
Sales of Romanian-made cars rev up
Romanian-made cars have been in high demand for several months, although imports have increased in the past few years, while sales of domestic autos have dropped. Automobile Dacia and Daewoo...
Alstom trying to catch up with ABB
Alstom, the French engineering, transports and energy group is starting to catch up with one of its main rivals, Swiss-Swedish ABB, which had a head start on the market for projects aimed at...
Samsung sales up 50% in 2002
The best way to boost sales of TV sets is to advertise on TV. This was, after all, the strategy embraced by the Samsung brand in Romania last year. "We were the top advertising spender of th...
Samsung aims up high(-end) on the Romanian market
Samsung wants to rank second on the Romanian mobile phone market by the end of next year at the latest, Simon Rhee, Samsung Electronics Austria managing director and also the official in cha...
AIG Life revenues up 60% in Q1
Insurer AIG Life Romania cashed 96 billion ROL from gross premiums in the first quarter of the year, up 65% since the year-ago period. This accounts for a 60% increase in dollars, from $1.79...
Austrians come up with cash for Unita
Insurer Unita, held by Austrian group Wiener Staedtische has increased its share capital by the equivalent of six million euros to 394.08bn ROL (10.6 million euros).#leadend# "Unita therefor...