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Arabesque set for rapid growth Bucharest and in Romania
Arabesque, Romania's biggest distributor of constructions and finishing materials, has opened an 18,000 square metre shopping centre in Baia Mare in the wake of investments worth several mil...
Matei Paun: Manias, Panics and Crashes
Renowned hedge funds are being closed down after losing billions. Specialized mortgage lenders are going into bankruptcy. Stock markets fall. Some of Wall Street's oldest banks are threatene...
Stock Exhange and forex market hit by new wave of turmoil
The forex market and stock exchange were yesterday, once again, rocked by a new wave of unrest that reverberated across western markets, as names of yet more banks affected by the mortgage c...
Ion Gheorghe and Alexandru Haiduc get 40m euros for Bucharest land
The sale of assets and the 6-hectare area of land belonging to Compania Industriala Grivita, in Bucharest, will make Ion Gheorghe and Alexandru Haiduc, the main shareholders of the company,...
Eli Davidai and Pepsi Americas buy Pepsi bottler in Bulgaria
Quadrant European Beverages (QEB), a company registered in Cyprus, held by businessman Eli Davidai, will acquire Agrima, the Pepsi bottler in Bulgaria, together with Pepsi Americas, for appr...
Private companies' medium and long-term foreign debt up 16% in H1
Private companies have accumulated a foreign debt worth 18.77 billion euros over medium and long term, up by over 16% against the end of 2006, for which they paid interests and instalments w...
Delhaize, 21% growth in Romania and Indonesia
Belgian retail group Delhaize registered revenues standing at 40.3 million euros in the second quarter of this year, up 21.1 percent against the year-ago period, on the markets of Romania an...
Private pensions and real estate draw record investments
The sum accounts for over 40% of the total capital increases operated by foreign companies during the first half of the year. Capital contributions in the real estate sector held the biggest...
Industry slows down in June and H1
The plus registered by industry dwindled during the first half of this year. Production growth slowed down to 6.1% in the first half, from 7.7% in the first 3 months, in line with data relea...