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Borcea sells LPG business to Dutch at SHV
Businessman Cristi Borcea, general manger of Dinamo Bucharest Football Club, has reached an agreement with Dutch-based SHV group to sell his LPG business, the Crimbo Gas group, in a deal wor...
Fabian reappraises seven properties at 105m euros
Real estate investment fund Fabian Romania Property, listed on the London Stock Exchange, has reappraised seven of its nine properties in Bucharest and Timisoara at around 105 million euros,...
SIAB lifted importers' sales by at least 30%
Attendance at this year's International Bucharest Car Show (SIAB) brought car importers growth ranging between 30% and 100% during the show's period, with the best results registered in the...
GED to invest at least 300m euros in real estate
Spanish private equity company GED, which is involved in the development of the IRIDE business park in Bucharest, is set to invest 300 to 500 million euros on the Romanian real estate market...
Vinterra shareholders appraise company at 3.3m euros
The shareholders of the wine producer Vinterra International, which holds 100 hectares of vineyard in the Dealu Mare and Vanju Mare areas, estimate the company is worth 3.3 million euros and...
Hame-Antrefrig deal, put at around 5m euros
Businessman Manucher Saadati Sohi states he decided to sell Antrefrig pate brand and part of production equipment to Hame Romania to be able to develop his businesses only in the real estate...
Wimmer officially becomes number two at BCR
NBR (National Bank of Romania) has officially confirmed that Manfred Wimmer (photo), the former manager in charge of strategy at Erste Bank, has been appointed to the position of executive v...
BT looks at growth opportunities past 2008
Banca Transilvania could consider entering the market of the Republic of Moldova as an expansion option with a view to continuing growth in 2008, says Horia Ciorcila, chairman of the bank's...
Bouton, GSG: We're at the end of a world cycle of "extremely favourable" loans
The big news nowadays is that emergent markets, especially Romania, are proving extremely resilient to the turmoil of the mature financial markets, with investors not withdrawing their money...