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TBI Credit increases capital by 1.5m euros
Consumer credit company TBI Credit, a part of TBIH Financial Services Group, has increased its share capital by 5.2 million RON (1.5 million euros), to 12.1 million RON. "This capital increa...
Biodiesel to grow from 0 to 85m euros
Biodiesel, or "green oil", is a fuel that is not available on the Romanian market yet, although millions of cars fill up from biodiesel stations in many other countries. Portuguese company M...
Cosmote network overloaded by "2000 minutes for 3 euros" special offer
Mobile telephony operator Cosmote Romania closed its "2,000 minutes (for calls) inside the network for 3 euros" special officer sooner than planned due to a "temporary overload" of its netwo...
Global Finance raises 200m euros for new fund
Global Finance, one of the largest investment fund managers in the Balkans, has announced it raised 197 million euros after the first phase of closing of a new fund it is raising, whose capi...
3m euros spent to relaunch Horticons tins
"We want to relaunch the Horticons brand on the local market. The potential of the tinned food market is very big and locating the plant in a farming area, close to Constanta is good for exp...
Marriott gets 6m euros from rents annually
Societatea Companiilor Hoteliere Grand (GHES) who owns the JW Marriott five-star hotel of Bucharest, annually collects around 6 million euros from rentals of space, sources close to the busi...
Generali ups capital by 5.7m euros
Generali Asigurari will increase its share capital by 5.7 million euros (20 million RON) to nearly 14.3 million euros (50 million RON), by contributions in cash from shareholders. The compan...
Energomontaj headed towards 100m euros
The Bucharest-based company estimates an 8% growth in turnover to some 95 million euros for this year. The growth in turnover is due to the significant number of works that the company will...
Petrom could disburse 206 million euros in dividends
Petrom announced yesterday that it might resume granting dividends to shareholders, with the amount proposed for 2005 being 738 million RON (some 210 million euros), after the company posted...