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Agricover heads to sales worth 100m euros
The Agricover Group, a provider of agricultural solutions, targets a 360 million RON (approximately 100 million-euro) turnover in 2008, an increase of more than 52% on last year, as a result...
Mengotti to sell over 3m euros in luxury products
Italian Mengotti, which has already opened a multibrand luxury store on Calea Victoriei in Bucharest, will supply its store with more than 6,500 products whose value is expected to exceed 1....
Winmarkt deal takes Siminel's exits to 0.5 billion euros
Businessman Siminel Andrei, chairman of NCH Advisors, a company that manages the local operations of investment fund Broadhurst has decided to sell the Winmarkt network in Romania to Italian...
Overdue individual loans reach 157 million euros
The increase in overdue payments by individuals for bank loans slowed down in January for the second month in a row, after the annualised rate fell to 98%, while the total volume of loans in...
Petrom reveals value of Russian deal: 100m euros
The transaction between Petrom and Ring Oil Holding & Trading took place in 2006, but the acquisition costs for the shares were only made public in Petrom's 2007 report. Petrom, the largest...
Flanco World spends 16m euros on expansion
Flamingo International, the third largest home appliances retailer in Romania, will invest 16 million euros to expand its overall retail area to 70,000 square metres this year, with 12 Flanc...
Business lawyer income: 500,000 euros on average in 2007
Partners in the biggest law firms in Romania made an average net income of 500,000 euros last year, depending on the profit of the firm and the percentage held in it by each partner, while m...
Lafarge invests 35m euros in aggregates and concrete
French group Lafarge has earmarked investments worth 125 million RON (35 million euros) to develop its aggregates and concrete unit in 2007 and 2008, both through acquisitions and the implem...
Poliflex derives 40m euros from polyurethane foam
Poliflex, a domestic producer of flexible polyurethane foam, forecasts turnover worth 40 million euros this year, up approximately 15% on 2006. In terms of total sales, the Sibiu-based compa...