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Petrom posts record profit in first quarter: 265 million euros
Petrom Bucharest (SNP), the largest company in Romania, posted record net profit in the first quarter, 977 million RON (265 million euros), 156% higher in RON than in the same time of last y...
Militari Shopping Center put at 46m euros
The Militari Shopping Center in Bucharest, which currently includes a unit of the DIY retailer Praktiker, was last year put at 46 million euros by Meinl European Land, the owner of the proje...
Romanians spend over 270m euros on confectionery
The value of sales on the confectionery market amounted to around 924.5 million RON (around 277 million euros) last year, up 27.4% against the previous year, after chocolate tablets preserve...
Equest's local portfolio put at 150m euros, up 28%
Investment fund Equest Balkan Properties, listed on the AIM market of the London Stock Exchange, has invested 116 million euros in ten properties on the local market until the end of last ye...
A&D Pharma loses 300m euros in value
A&D Pharma, the largest Romanian pharmaceutical company, has lost 58% of its capitalisation since the beginning of the year, due the decline experienced by the capital markets, after it repo...
Agras business down one third, to 4 million euros
Agras Vienna Insurance Group underwrote gross premiums worth 13.18 million RON (around 4 million euros) in 2007, down 39% on the previous year, while gross profit went up 11 times and reache...
Bucharest's Intercontinental Hotel worth 70.7 million euros
Intercontinental Hotel, the five-star located in the heart of Bucharest, has been appraised at 70.7 million euros by DTZ Echinox. The land alone on which the hotel sits is worth 30 million e...
Dawnay, Day properties estimated at 70m euros
The Romanian properties held by the British investment fund Dawnay, Day, four plots which will house malls (in the cities of Arad, Cluj-Napoca, Baia Mare and Satu Mare), and the Macromall sh...
George Paunescu invests 4m euros in new furniture plant
Businessman George Paunescu, who indirectly controls Arad-based furniture manufacturer Imar, will invest over 4 million euros in a new plant this year, an investment which will increase the...