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Only one US company among eight contenders left in Petrom race
One by one, the US oil groups are dropping out of the race for the privatisation of Romania's largest company, SNP (National Oil Company) Petrom. Only two months ago, four American companies...
Zapp grows four times in US dollars
Telemobil, the company that operates the only CDMA mobile telephony network in Romania and owns the Zapp brand, has seen its turnover in dollars up four times this year. Whereas its 2002 rev...
Zapp grows four times in US dollars
Telemobil, the company that operates the only CDMA mobile telephony network in Romania and owns the Zapp brand, has seen its turnover in dollars up four times this year. Whereas its 2002 rev...
Romania's billion-dollar defence, infrastructure market has US, EU officials at odds
The diverging political interests of the United States and Europe towards Romania are not exactly breaking news, as the disputes have often found their way in public statements. However, thi...
US food giant Bunge has big plans for Romanian edible oil market
Although a relative newcomer to the Romanian market, Bunge Ltd., the American food industry giant, has already made two acquisitions in Romania and is now announcing plans for strong expansi...
US giant PepsiCo in talks to take over Quadrant Amroq Beverages
American giant PepsiCo is in talks to take over the group that holds the Pepsi franchise for Romania - Quadrant Amroq Beverages (QAB), according to market sources. Quadrant's shareholders ha...
Romania to launch bonds on US market
Romania will launch at least one bond issue on the international markets in 2004 and is considering selling bonds on the US market, as well, which has a greater impact on the rating agencies...
US dollar's international comeback benefits Romania, lays inflation fears to rest
The ROL/USD exchange rate climbed 4.11% in only one month. The American currency has thus climbed back to the 34,000 ROL level, close to the all-time high (34,359 ROL) posted on April 7. Con...
US dollar growth prompts Romanian banks to revise exchange rate forecasts
Romanian banks have revised their yearend forecasts on the exchange rate of the domestic currency against the two benchmark foreign currencies - the US dollar and the euro, given the last we...