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Banks make 370m euros in four months
Local banks' profits continued to witness accelerated growth in April, despite the international financial crisis, the expensive liquidity and the high costs dealt with by branch networks, r...
Bucharest lawyer earns over 2 million euros a year
The highest paid lawyer in Bucharest officially earned more than 7 million RON (about 2 million euros) in 2006, according to data ZF received from the General Directorate of Public Finance i...
Oresa buys 3 plants for 32.5m euros from Somaco
Swedish investment fund Oresa Ventures will acquire three production facilities that belong to construction materials producer Somaco (SOMZ), based in Bucharest. The deal includes the Somaco...
Jidvei will invest 11m euros to rehabilitate vineyard
Winemaker Jidvei posted an over 50% growth in sales for Tezaur (super premium range) and Castel brands (a reserve wine) in the first four months of the year against the same time in 2007. "A...
Bavaria Leasing increases capital by 1.1 million euros
Bavaria Leasing, a company whose shareholders include Daniel Daianu and Attila Verestoy, has increased its share capital by 3.88 million RON (1.1 million euros), as revealed by a decision of...
Top ten oil companies derive 10bn euros
The top ten oil companies reached turnover worth above 10bn euros last year. While the trend of financial indicators did not bring any major surprises, after year-on-year increases revolved...
Bucuresti Mall and Plaza Romania valued at 170m euros
Real estate developer Anchor Grup, which manages shopping centres Bucuresti Mall and Plaza Romania, will transfer the two malls to two newly-established companies. The malls' plots and build...
Retail sales could reach 38bn euros in 2008
The major European retailers are operating massive investments in Romania betting on consumers' rising purchasing power. Companies seem to be fighting on two levels: for the best city locati...
Developers of Bucharest's biggest mall seek 400 million euros
Portuguese real estate developer Sonae Sierra and the Irish at Caelum Development, co-developers of the Parklake Plaza project in Eastern Bucharest, have started to seek the funds they need...