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Petrom budgets record profit of 670m euros
ZF English · Companies

Petrom budgets record profit of 670m euros

Petrom Bucuresti (SNP), the largest Romanian company, expects to derive net unconsolidated income worth 670m euros (2.4bn RON against last Thursday's exchange rate of 3.61 RON/EUR) this year...

Roxana Petrescu · 21.04.2008 · 19:27 · 2 min
ZF English

Elmec buys building in Bucharest for 3m euros

Elmec Romania, a division of the Greek clothing and footwear distributor Elmec Sport, has purchased a building in Bucharest for three million euros, according to an announcement by the Greek...

Ziarul Financiar · 18.04.2008 · 20:34 · 1 min
ZF English · Retail

Tengelmann to invest over 300m euros in Plus expansion

After rejecting bids from Carrefour, Rewe and other international retailers that have voiced interest in Plus stores of Romania, Germany's Tengelmann group is further expanding its discount...

Mihaela Popescu · 18.04.2008 · 20:32 · 2 min
ZF English · Retail

Half a billion euros aimed at hypermarkets this year

On the domestic hypermarket segment Carrefour is the market leader in terms of sales, while Real boasts the largest number of stores, and Auchan the largest number of shoppers. However, ther...

Ioana Mihai-Andrei · 18.04.2008 · 20:31 · 2 min
Anchor invests 10m euros to extend Plaza Romania mall
ZF English

Anchor invests 10m euros to extend Plaza Romania mall

Real estate developer Anchor Grup, which owns the Bucuresti Mall and Plaza Romania shopping centres, will start to expand and renovate the mall on Timisoara Boulevard (Plaza), with an invest...

Ziarul Financiar · 17.04.2008 · 21:10 · 1 min
ZF English · Banks

BT raises a further 30m euros from IFC

IFC, the investment arm of the World Bank, will discuss the approval on May 12 of a loan worth 30m euros for Banca Transilvania. Half of this sum is granted over a ten-year period and will g...

Razvan Voican · 16.04.2008 · 20:13 · 2 min
ZF English

Infrastructure works bring Electrogrup 20m euros

Cluj-based Electrogrup, which builds electrical infrastructure projects, as well as telecommunications and civil engineering projects, estimates turnover worth over 20 million euros this yea...

Ziarul Financiar · 15.04.2008 · 20:21 · 1 min
Headhunters can make up to 100,000 euros from recruitment
ZF English

Headhunters can make up to 100,000 euros from recruitment

The recruitment of a Romanian manager can cost up to 25,000 euros, while in the case of expat managers, costs can be four times as high, depending on the salaries involved. "For a general ma...

Ziarul Financiar · 15.04.2008 · 20:21 · 1 min
ZF English

CMU to invest 20m euros in aggressive expansion

Medical services provider Centrul Medical Unirea (CMU), which last year entered the portfolio of investment fund 3i, will invest over 20 million euros this year to expand its clinic network,...

Ziarul Financiar · 14.04.2008 · 20:37 · 1 min