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Financial news from Romania
RHS Company acquires game distributor
Financial news from Romania
Friday, 08 December 2006
Last week, IT distributor RHS Company bought 51% of TNT Games, a local company that distributes game consoles and video games. Officials of the two companies disclosed to ZF
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Kandia-Excelent buys Sugus and Silvana from Kraft
Financial news from Romania
Friday, 08 December 2006
Kraft Foods has announced it will sell its Sugus and Silvana confectionary businesses in Romania, as well as its stocks and fixed assets to Kandia-Excelent SA. The buildings and
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OMV: We want State to remain shareholder at Petrom
Financial news from Romania
Thursday, 07 December 2006
Wolfgang Ruttenstorfer, chairman and CEO of OMV, the majority shareholder of Petrom, yesterday said that OMV was not interested to buy Petrom shares from the state's stake. The group
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Prodal '94 develops low-price products segment
Financial news from Romania
Thursday, 07 December 2006
Bogdan Mihail, deputy chairman with Prodal '94, the producer of Wembley gin, says the category of low-price products, approached as late as this year, will generate 10% of overall
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No profit for E.ON Gaz for second year in a row
Financial news from Romania
Thursday, 07 December 2006
E.ON Gaz Romania, the former Distrigaz, the natural gas distribution company controlled by the Germans from E.ON Ruhrgas, will not be able to step into the black this year. That
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Arnos pasta producer posts 5.5m-euro turnover
Financial news from Romania
Thursday, 07 December 2006
Arnos Oradea, a pasta producer owned by two domestic investors, expects its turnover to surge by 50% next year, to 5.5 million euros, amid rising production capacities and the
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Volksbank's real estate arm to develop 400m euros project
Financial news from Romania
Thursday, 07 December 2006
The real estate arm of Austrian group Volksbank, Premiumred Real Estate Development, is likely to develop investments in Romania worth between 300 and 400 million euros, over the following
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New Cabinet ministers have to pass Parliament test
Financial news from Romania
Wednesday, 06 December 2006
The PNL and PD parties reached an agreement yesterday. The new ministers to fill the vacancies in the Cabinet after the withdrawal of the conservatives from the government are
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EOS KSI collects debt for banks and telecom clients
Financial news from Romania
Wednesday, 06 December 2006
Debt recovery specialist EOS KSI Romania, part of Germany's Otto group, expects to derive turnover worth 4.7 million euros this year. This is four times higher than the value
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Romtelecom's CEO: It's not too late to reposition
Financial news from Romania
Wednesday, 06 December 2006
Romtelecom's repositioning strategy, through which the company is trying to leave behind the business model based on revenues from classic telephony services, has been launched early enough to allow
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Ro Holland expects turnover to rise by 50%
Financial news from Romania
Wednesday, 06 December 2006
Road transportation operator Ro-Holland Trans Medias, part of the Dutch group De Greef, estimates it will derive turnover worth some 7.5 million euros in 2007, 50% higher than this
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