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Generali PPF takes over Ardaf and RAI Asigurari for 80m euros
This deal is "in the family", so to speak, as the seller is Czech fund PPF Investments, which took over Ardaf and RAI last March. Generali PPF Holding, a joint venture between groups General...
Knauf invests 70m euros in plasterboard plant near Cluj
German group Knauf, with annual turnover worth over 5 billion euros, will build a plasterboard plant with a capacity of 35 million square metres near Cluj, with an investment worth around 70...
Paint and varnish market headed to 500m euros by 2011
Major foreign producers of paint and varnish have a low profile in Romania and operate only through imports, while the market posts annual increases of 15-20%. Given the consumption boom, ma...
Iaki hotel brings Hagi revenues worth 3.4m euros
Iaki four-star hotel in Mamaia, owned by former football player Gheorghe Hagi, has budgeted an over 20% increase in revenues for this year, to 3.4 million euros. The level of revenues places...
Zara's owner invests 5m euros in network expansion
Spanish retailer Inditex, owner of the Zara brand, has made a 17.5 million-RON (4.8 million-euro) capital increase to three of its companies in Romania- Pull and Bear, Stradivarius, and Bers...
Bucovina invests 9m euros and doubles capacity in Vatra Dornei
Codrin Chiru, marketing manager of Rio Bucovina, says that in order to boost its profit rate the company will reposition the Bucovina brand and sell mineral water in smaller bottles. Rio Buc...
Cuprom owners invest 10m euros in glass plant
GlassCorp, controlled by businessmen Horia Pitulea and Horia Simu, owners of Cuprom, has become the largest windscreen manufacturer on the local market following a 10m-euro investment in a p...
Deloitte: Romanians will spend 72bn euros on retail by 2017
Romanian retail sales could go up 130% from 2007- 2017, and reach over 72 billion euros, with Romania being, alongside Bulgaria, one of the markets with the biggest growth potential in the f...
Michelin turnover up 11%, to 340m euros
Michelin Romania, which operates two tyre plants and a metallic cord production facility, posted turnover worth 340 million euros in 2007, up by around 11% against the 306.8 million euros de...