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Equity funds attract 4m euros in March
Mutual funds that invest in shares continued to attract investors in March, despite negative yields following the decline of the Stock Exchange, with net inflows now standing at some 4 milli...
MEI-RBF to invest 22m euros on BSE
The Dutch investment fund MEI Roemenie en Bulgarije Fonds (MEI-RBF) will allocate some 22 million euros, i.e. some 75% of the funds collected raised through public subscription on the Eurone...
Tiriac has over 500 million euros planned for real estate developments
Businessman Ion Tiriac, thought to be the richest Romanian, is now focusing on the real estate business, which has become the strategic direction for the expansion of his business. Tiriac no...
SIF Muntenia sees income shrink by 1.8m euros in March
SIF Muntenia, the top profit maker among the financial investment companies (SIF) after the first two months of the year, registered a decline by 6.5 million RON (1.8 million euros) in net i...
Piraeus increases capital by 25m euros
Piraeus Bank will increase its share capital by up to 25 million euros, with the final amount to be decided at the General Meeting of Shareholders, which will take place on April 27. Accordi...
Dairy market, to go beyond 1bn euros in 3-4 years
The dairy market will exceed the one billion euros mark over the next three to four years, while the industry will process 2 billion litres of milk per annum, almost double the currently pro...
Petromservice targets half a billion euros
Petromservice, the biggest domestic provider of services and equipment for the oil and gas industry, targets double turnover for the next 3-5 years. The company is still largely dependent on...
Avicola Calarasi borrows 5m euros
Avicola Calarasi, one of the leading players on the chicken market, will invest some 5 millions this year to boost production capacities, as well as to modernise existing structures. "The in...
Pasmatex spends 4m euros to relocate factory
Timisoara-based textile company Pasmatex intends to invest up to 4 million euros in the next 18 months to relocate the plant it owns in Timisoara, Maria Grapini, general manager of the compa...