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Emerson spends 125m euros to build five plants in Cluj
The Emerson group, dealing in engineering services, will invest up to 125 million euros in building five plants in the industrial park Tetarom III in Cluj, with company officials estimating...
Volksbank's lending business grows by 100m euros a month
Austria's Volksbank, a top ten player that has pursued aggressive growth on the retail segment in recent years, at the middle of this year had a volume of loans granted of 2.9bn euros. After...
Ferretti: Romanians pay 1m euros for a yacht
Alessandro Tirelli, Europe area manager with Ferreti SpA, a company deriving annual turnover worth almost one billion euros from boat sales, says one million-euro boats sell best on the loca...
Meinl invests 380m euros of its own funds in 3 malls
Austria-based Meinl European Land, with assets worth around 4 billion euros, will invest approximately 380 million euros in the next two years in developing three malls in Romania, without r...
Chayton Capital invests 110m euros in offices
Real estate investment company Chayton Capital, headquartered in London, will develop an office park on a 55,000 square-metre plot in the Pipera area of Bucharest, an investment amounting to...
Ioan Ciolan, Ambient: We need 300 million euros to expand
Construction supplies distributor Ambient, controlled by businessman Ioan Ciolan could raise approximately 300 million euros from banks to finance the expansion of the store chain, which cur...
UPC losses double in 2007 and exceed 65m euros
Telecom operator UPC Romania posted losses worth 230.18 million RON (65.3 million euros) in 2007, up 107.8% against the previous year, according to company data from the draft of the merger...
NBFI market reaches 6.4bn euros
The market of non-bank financial institutions (NBFIs), which includes consumer finance and leasing companies, amounted to 23 billion RON (almost 6.4 billion euros) last year, according to th...
CEZ would invest 800m euros in Europe's biggest wind farm
Czech company CEZ, owner of former Electrica Oltenia, says it will invest as much as 800m euros if it wins the tender for the biggest wind farm developed in Europe so far, which is located i...