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Tymbark juices producer spends 30m euros on second plant
The Maspex group will double its investments on the local market by building its second soft drinks plan in Valenii de Munte (Prahova county). At first, the new facility will bottle non-carb...
Romaero plots, put at 221 million euros
Bucharest-based Romaero (RORX), which provides aircraft maintenance and repair services, has plots worth over 800 million RON (221 million euros) in the Baneasa area of Bucharest, according...
Cocor rents facade for 1.2m euros a year after renovation
Cocor, which manages the shopping complex under the same name in the centre of Bucharest, will collect 1.2 million euros a year for half of the advertising space on the facade of the buildin...
Petrom doubles investment to 6.7 billion euros
Petrom will significantly increase the value of its 3 billion euro investment programme, initially announced in 2005, to fulfil its strategic goals by 2010, taking it to 6.7 billion euros. T...
Autovit builds 20m euros' worth of offices near Vitan car market
Autovit, the company that manages the largest car fair in Romania, located in the Vitan district of Bucharest, will invest 20 million euros in a Class A 18-storey office building, with appro...
Baby food market nears 50m euros
"The baby food market will reach around 52 million euros at the end of this year, up 22.6% compared with the 43 million euros derived in 2007, when it registered a 28% increase on the previo...
Chief investment officers earn at least 100,000 euros a year
A chief investment officer who works for a private equity fund earns an annual salary of more than 100,000 euros, yet their income from transactions is up to ten times higher than the annual...
Ram Global to invest 250m euros in real estate
Real estate developer Ram Global Group, controlled by Israeli businessmen, will invest about 250 million euros primarily on the residential segment in the next three years, as well as in sho...
Foreign debt increases 40% in one year and reaches 61bn euros
Romania's overall foreign debt exceeded 61 billion euros at the end of March, up 40% on the first quarter of last year, reveals data from the NBR (National Bank of Romania). Since the beginn...