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Grand Plaza Hotel to invest 20m euros in new hotels
The owner of the Howard Johnson Grand Plaza, Grand Plaza Hotel, is to invest 20m euros over the next two years in three new hotels (one in Bucharest and two outside the capital), says Tinu S...
Altex makes 137m euros in H1
The electronics and home appliances retailer Altex has posted sales of 137 million euros (including VAT) for the first half of the year, more than twice the level in the same period in 2004,...
Fan Courier Express invests 4m euros
Fan Courier Express, the second leading domestic courier company in terms of turnover, has earmarked more than 4 million euros for investments in 2005. The company was set up in April 2001 a...
Aker Braila fined 4.4m euros
Aker Braila shipyard will pay 4.4 million euros in penalties for failing to honour a shipbuilding contract from 1995. This was the decision of the Arbitration Court in Rotterdam. Its shares,...
Broker sells Comvex for 1.1m euros
Securities firm SSIF Broker sold a stake in the harbour operator Comvex Constanta for 4 million RON (1.1 million euros) on the RASDAQ on Monday, sources close to the company said. The stake...
CSR receives 12.3m euros from Artrom
Combinatul Siderurgic Resita (Resita Steel Plant: CSR), which is owned by Russian group TMK, recently concluded a loan contract for 448bn ROL (12.3 million euros) with piping maker Artrom Sl...
Greiner to invest 1.4m euros
Sibiu-based plastic packaging manufacturer Greiner Packaging SRL has announced an investment plan of 1.4 million euros for this year, part of which has already been implemented. The company...
UniCredit owns 426m euros in assets
UniCredit Romania owned total assets worth around 426m euros in the first quarter of 2005, up 74% on the corresponding period of last year. UniCredit registered international factoring opera...
Importer of Porsche raises target to 350m euros
Porsche Romania, the importer of Audi, Porsche, Seat, Skoda and Volkswagen cars for Romania, has revised its sales targets upwards after results from the car market for the first half of the...