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Bermo Group, 13m euros from 3 residential complexes
Arad-based Bermo Group forecasts turnover worth over 13 million euros for this year, and expects to finalise and sell the three residential projects (currently under development) by the end...
Gecsat will invest 6m euros to expand production
Tarnaveni-based Gecsat, a manufacturer of aluminium and PVC trim, intends to invest around 6 million euros this year to acquire and install machinery to manufacture glass mineral wool. "We i...
BT takes 20m euros from DEG to fund SMEs
Banca Transilvania (BT), the fourth largest bank in the system in terms of assets, has taken out credit worth 20 million euros from German fund DEG. The bank will use these funds to sustain...
AIG Romania derives turnover worth 28m euros
AIG Romania, the local general insurance division of the largest insurance group worldwide, American International Group, closed last year with turnover worth 94.3 million RON (28.2 million...
Unifertrans derives 31 million euros in 2007
Unifertrans, a rail freight company, part of the Unicom group, posted turnover worth 31 million euros last year, an approximately 7% increase on the previous year. "For this year, we intend...
Vienna Insurance cuts costs by 7m euros a year
Austrian group Vienna Insurance is currently working on a plan to create synergies among five out of the seven companies it owns on the local market in order to cut costs by 7 million euros...
Vel Pitar invests 200,000 euros in traditional cake promotion
Bakery producer Vel Pitar, with turnover worth over 130 million euros locally, will invest 200,000 euros (rate card sum) in April, in order to promote a new range of traditional cakes. Follo...
Omniasig doubles income to 12m euros
Omniasig, ranked second on the domestic insurance market, last year generated gross income worth 12m euros (40m RON), double the level derived in 2006. Therefore, the insurer is among the fe...
Gipo forecasts turnover worth 15m euros
Egibo, owner of the Gipo store chain, which distributes and sells fishing, hunting, camping, sports, and gardening equipment, has budgeted turnover worth 15 million euros for 2008, up 85% ag...