Romania News
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Renault SA, France’s second-largest carmaker, is expecting European car market to shrink five percent this year over last year, Carlos Tavares, chief operating officer, said.
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Vodafone Group Plc has no plans to cut more jobs at its German unit, it said, denying a German press report that the company may trim an additional 500 positions on top of those already announced.
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Updated 2 hours, 22 minutes ago
Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market.
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Romania’s economy grew more than economists estimated in the first quarter of this year, probably boosted by an increase in industrial output and consumption.
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Updated 2 hours, 9 minutes ago
Turkey paid its last loan installment to the International Monetary Fund after a 52-year relationship, a triumph for Prime Minister Recep Tayyip Erdogan as government debt falls even as private borrowing surges.
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Molson Coors Brewing Co.’s margins across Central and Eastern Europe will be boosted by new “higher” value products and premium brands, the company’s chief executive officer said.
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Yuksel Insaat AS, the Turkish builder with the nation’s highest-yielding dollar-denominated bonds, is considering restructuring its debt, according to Suleyman Sazak, an owner and company board member.
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OMV Petrom SA, Romania’s biggest oil company, said its profit fell 4 percent in the first quarter of this year as sales dropped and the refiner paid more for exploration projects.
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Raja SA, a water utility on the Black Sea in Romania’s Constanta county, awarded a contract for electricity supplies to Tinmar-Ind SA of Bucharest, a European Union procurement document showed.
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Aquaserv SA, a Romanian water utility, is seeking bids for a 41 million-lei ($12 million) contract to upgrade water and sewage networks in the center of the country, a European Union procurement document showed.
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