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Upet to gain 10m euros from out-of-town relocation
Oil equipment producer Upet Tårgoviste is to relocate from the centre of Tårgoviste to outside the city. It hopes to derive 10 million euros from the sale of its land in the city centre, the...
Terapia allocates 750,000 euros for research
Terapia Cluj-Napoca pharmaceutical company will invest 750,000 euros in a bio-equivalence centre to be finalised by mid this month. The investment will allow the company to double its bio-eq...
800m euros to be invested in RomTelecom and Cosmorom
Telecoms operator RomTelecom has freed itself of the cash troubles it was facing over the last few years, the most recent of which being related to the Cosmorom situation. On the back of imp...
Allianz-Tiriac grows 30% in Q1 to 57.4 million euros
The value of gross premiums underwritten by Allianz-Tiriac Asigurari during the first three months of the year grew by over 30% to 57.4 million euros, compared with the same period last year...
Alum looses 5m euros in Q1
Alum Tulcea, Romaniaa??s main producer of calcined alumina for use in the making of aluminium, generated nearly 22 million euros (794.3bn ROL) in turnover and nearly 5 million euros of losse...
ING Asigurari revenues reach 25m euros
ING Asigurari de Viata underwrote gross premiums worth 25 million euros (929.3bn ROL) in the first quarter of the year, up 38% on the same period in the last financial year. The growth in RO...
Silcotub profits reach 5m euros in Q1
Steel piping maker Silcotub Zalau made nearly 5 million euros (181.23bn ROL) in profits for the first three months of the year, compared with 232,000 euros in losses during the same period l...
Astra increases capital by 10m euros
Astra Asigurari has announced it will increase its share capital by 10 million euros in cash from a previous level of 43.5 million euros (1,574.8bn ROL). The increase will be performed this...
Saint Gobain Ploiesti eyes revenues of 22m euros
The factory that will make insulation materials for the constructions industry that is to be built in Ploiesti by French giant Saint Gobain is expected to achieve 22-23 million euros in turn...