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Beer and soft drinks almost equal cigarette sales
Cigarettes are still the most developed segment on the consumer goods market, raking in sales worth 1.35bn euros during the June/July 2006-April/May 2007 period, up 20% against the same peri...
Financial services and real estate, top capital increases
Financial services and the real estate sector were the main fields where foreign-held companies conducted capital increases in May, with the overall value of these contributions topping 37m...
8TIM and Real Estate merge
Piatra-Neamt-based company 8TIM has merged by absorption with Real Estate SRL, with the main reason for the move being to separate the transportation operations and the real estate ones with...
RON and BSE follow regional downward trend
The euro continued to grow against the RON, for the second day in a row on the Bucharest forex market, up to a peak of 3.15 RON. Speculative moves on the Eastern Europe forex markets once ag...
TIP Top builds 8m-euro plant and enters catering
Tip Top, which holds 14 confectioner's shops on the Capital's market, will invest 8 to 10 million euros in a new plant located in Bucharest, which will triple the company's current productio...
Perla Majestic invests 15m euros in Jupiter and Neptun
The Perla Majestic group of firms is expanding its real estate investments outside the resort of Mamaia, after allocating 15 million euros in funds for the construction of 270 holiday suites...
Calburean considers merger of Dafora and Condmag
Gheorghe Calburean, the majority shareholder of Dafora Medias, through which he also controls Condmag Brasov, is considering a merger between the two companies that could create an integrate...
GFR and CFR Marfa fight over Hungarian MAV
Grup Feroviar Roman (Romanian Railway Group - GFR), the biggest private railway transport company in Romania, has announced it will take part in the tender for the Hungarian state-owned oper...
Exotic currencies and RON chosen over the euro for credits
The euro is again losing ground to exotic currencies, in addition to the RON, when it comes to credits, with its share falling to less than 50% of the total funding granted by banks. Accordi...