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Hagi invests 4m euros to upgrade Iaki hotel to 5-stars
At present, the Iaki hotel is a four-star unit, with a capacity of 99 rooms, to which a further 27 rooms will be added starting next year. "The new rooms will be available from May 2009 and the hotel?s capacity will increase by 27%. At the same time, consideri...
PCfun.ro doubles sales to 4m dollars
Sales of PCfun.ro, one of the largest local online stores of IT&C and electronic products doubled sales in the first half of the year and reached 4m dollars. "Amid the rather slow start of t...
George Paunescu invests 4m euros in new furniture plant
Businessman George Paunescu, who indirectly controls Arad-based furniture manufacturer Imar, will invest over 4 million euros in a new plant this year, an investment which will increase the...
Pfizer sells 4m dollars' worth of Viagra
Pfizer, the largest drug producer worldwide, has sold 4 million dollars' worth of Viagra on the Romanian market, up 35% on 2006. This amounts to around 385,000, 50-milligram pills sold in 20...
Maserati doubles sales to 4m euros
Auto Italia Group, Maserati's importer on the local market, will double the number of cars delivered onto the local market to over 40 units, including 2 Quattroporte "Collezione Cento" model...
Izotec invests over 4m euros to double production
Piatra-Neamt-based Izotec Group, a company specialised in thermal-insulating PVC trim, has started construction works on its second production facility, with investments worth around 1.7 mil...
NBR's foreign currency reserve up by just 4m euros
The foreign currency reserve of the NBR (National Bank of Romania) rose by just 4.1 million euros in October, to 25.21 billion euros. This is the lowest monthly increase in this year's reser...
Chimtitan invests 4m euros in paint facility
Bucharest-based paint producer Chimtitan, which specialises in products for the industrial sector, will invest 4 million euros to launch a new production facility in Fundulea, near Bucharest...
Covalact shareholders come up with 4m euros to increase capital
Covalact, the dairy producer, which this year sold 70% to US-based investment fund SigmaBleyzer, will increase its share capital by 13.5 million RON (around four million euros), in order to...