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Insurance firms to invest 8m euros in advertising
Insurance companies are going to invest millions of euros in advertising and other marketing activities, such as sponsorship and participation in various conferences and exhibitions this yea...
ASLR closes 340m euros in contracts in Q1
The value of leasing contracts closed in the first three months by the members of the Romanian Leasing Association (ASLR) reached 342.4 million euros, a 30% increase against the same period...
Petrom spends 100m euros in finance and IT platform
Austrian Reinhard Pichler, Petrom''s chief financial officer, is in charge of the largest project related to the centralisation of accounting and IT services ever undertaken in Romania. The...
Pro Auto invests 40m euros in steel mill
Bucharest-based Pro Auto will invest 35-40 million euros in the following two years to retool a steel plant in Giurgiu, which will produce special steels and superalloys, particularly for fo...
Romanian oil market to reach 20bn euros by 2010
The Romanian oil market will grow faster than the overall economy by 2010, set to go beyond 19 billion euros and account for around 14% of GDP. Petrom and Rompetrol, which have already made...
Enel set to invest 380 million euros in four years
Enel, the Italian utility giant, which won the bid for the privatisation of Electrica Muntenia Sud (EMS), announced investments worth 380 million euros in the next four years in the three el...
Charles de Gaulle Plaza sold for 80m euros
Charles de Gaulle Plaza, the biggest office building on the domestic market, has been acquired by investment fund Accession fund for more than 80 million euros in the biggest transaction eve...
Bucharest Stock Exchange loses 4bn euros of its capitalisation
The Bucharest Stock Exchange has lost almost 4 billion euros of its capitalisation over about four months of decline (February 10 - June 9), reverting to the level in the first trading sessi...
Societe Generale has 100m euros for investment fund
Societe Generale Asset Management Alternative Investments (SGAM AI), the alternative capital management division of the French bank group Groupe Societe Generale (SocGen), collected 100 mill...