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Romania, solution for investors hurt by global crisis
Matei Paun, owner of BAC Investment, a M&A and finance consultancy, says Romania continues to be a solution for global strategic investors that seek further growth amid the international financial crisis. "It's true it's much more difficult now to raise money...
Richter Gedeon's growth, fuelled by Romanian, Russian and Polish operations
Hungarian drugs manufacturer Richter Gedeon anticipates its development to be spurred by operations in Central and Eastern Europe, including those in Romania, given that the situation on the...
Finance minister: Romania could be a top 10 EU economic power by 2020
The Romanian economy saw an 8.6% rise in the first half of the year, because of a good agricultural year, and if the GDP growth rate and the investment dynamics are preserved, Romania could...
Holcim: We raised prices by 10-12% this year
Holcim Romania, part of the Swiss Holcim group, has upped its cement prices by 10-12% since the beginning of the year, said the company's general manager Markus Wirth. He added the sale pric...
LCR targets 50 Lee Cooper stores by end of 2009
LCR Jeans, the company that holds the licence for 31 Lee Cooper stores locally, wants to open another 19 units by the end of next year, following an almost 3 million-euro investment. "By the...
Romania expects 2bn-euro investments by 2012
Foreign investors involved in the automotive industry, food production and construction materials have committed to projects worth two billion euros by 2012, and plan to hire 16,000 people,...
BCR's net profit increases by 48% to 206.6 million euros in first half
The BCR group derived net profit worth 206.6 million euros in the first half of the year, up 48% on the same time last year. Andreas Treichl, CEO of Erste Bank, the majority shareholder of B...
Consolis enters local market by buying Asa Cons Turda
Finnish Consolis group, the largest manufacturer of prefabricated products in Europe, with a business of over 1.4 billion euros, has bought prefabricated concrete products factory Asa Cons T...
A&D Pharma's net profit plunges by 92% to less than one million euros
A&D Pharma, the biggest player on the pharmaceutical market, posted a 92% decline in net profit in the first six months of this year compared with the corresponding period of 2007, to less t...