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SIF Oltenia and Banat-Crisana exceed expectations
In the first half of this year SIF Oltenia derived net income worth 91.5 million RON (25.8 million euros), the biggest profit of the four financial investment companies that have so far pres...
Coca-Cola and QAB expand non-carbonated business
The biggest players on the domestic soft drinks market, Coca-Cola and QAB, Pepsi's bottler, have expanded their portfolios on the non-carbonated drinks market, which boasts four times higher...
Logan effect: Arcelor and Bamesa build 30m-euro factory
European steel giant Arcelor and Spain's Bamesa company, yesterday announced they would invest 30 million euros in building a steel service centre in Topoloveni (Arges County) for the automo...
Iasitex bets on expansion of production facilities and personnel
Iasitex, one of the top ten producers in the textile industry, is counting on the expansion of production facilities and personnel growth, at a time when most players in the sector are conce...
KFC and Pizza Hut expand to the provinces
The KFC and Pizza Hut chains will expand by another four units (two KFC restaurants and two Pizza Hut restaurants) to the provinces by the end of the year, Carmen Lupulet, marketing manager...
Offices and hotels boost Lafarge Gips turnover
Lafarge Arcom Gips, part of the French group Lafarge, this year expects turnover to increase by 15% year-on-year, to 17 million euros. "For this year, we forecast a 15% increase in turnover...
Inflation on schedule: 0.15% in June and 7.1% in H1
The increase in consumption prices in June stood at only 0.15%; one of the lowest levels lately, making the target of 5% inflation possible by yearend. Therefore the annualised inflation (in...
Broadhurst and Property Fund to get 7m euros for Otelinox shares
A number of Otelinox Targoviste shareholders, including Broadhurst investment fund and the Property Fund, whose stakes total 19.84% together, filed for exiting this company and are to get 25...
100m-dollar fund for Central and Eastern Europe
East Capital this month will launch a new fund targeting investments in the South-Eastern European area, with a total capitalisation worth 100 million dollars, the company specialising in fi...