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Promotional investments will take Skol's sales beyond 1 million hectolitres
United Romanian Breweries Bereprod (URBB), the local branch of Dutch beer producer Carlsberg will invest more than 9 million euros (rate card) a year in order to promote the Skol brand, 25%...
Dufa founder will invest 1.5bn euros in properties
Marius Ivan, one of the founders of paint and varnish producer Dufa Romania (Dufa Deutek), plans to invest 1.5bn euros in the coming years in real estate projects in several Romanian cities...
Merger will establish Ropharma as major drugstore brand
With a network that numbers 94 drugstores, Mihai Miron, founder of Europharm, is set to become a top ten player in pharmaceutical retail, alongside competitors such as Sensiblu, HelpNet, Cen...
Intesa Sanpaolo and C.R. Firenze will not merge this year
Intesa Sanpaolo Bank Romania and C.R. Firenze Romania will continue to operate independently this year, although both banks are part of Intesa Sanpaolo Grup, and at the beginning of the year...
Israeli-based Clal will invest 50-70m euros in insurance
Total investments operated by Clal group in Clal Asigurari, initially set up in late 2006, will amount to 50-70m euros over the next 5 years, Avigdor Kaplan, chairman of the group, told ZF....
Appetite for consumer loans will remain high until 2010
Consumer lending will increase substantially over the next two years, and will eventually account for 22.7% of the Gross Domestic Product, compared with 14.8% at the end of last year, believ...
McDonald's Unirii will have 2 floors following 1m-euro investment
McDonald's Romania, the largest fast food restaurant operator, will invest almost one million euros to renovate its oldest restaurant in Bucharest, located in Unirea Shopping Center. The res...
Taher will put in a new offer for Marriott
Businessman Fathi Taher, who currently holds a 19% stake in Bucharest's five-star Marriott hotel, will put in a new offer to acquire the majority stake from Bau Holding Strabag, after his fi...
New acquisitions will double Hame turnover
Martin Jagos, CEO of Czech-based food group Hame, said the turnover of the local division, Hame Romania, would at least double in three to five years, in the wake of an increase in the produ...