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BRD Sogelease grants funding worth 225m euros
BRD Sogelease, the local leasing division of the French group Soci?t? G?n?rale, last year granted funding worth 225 million euros, up 29% on 2006. 45% of funding went towards the acquisition...
RC II buys 63% in Fantasy Beach hotel for 8m euros
Businessman Dumitru Becsenescu has sold 63% of Antares Hotels, the company that manages the Fantasy Beach hotel in Mamaia, to investment fund Reconstruction Capital II (RC II) for eight mill...
S-Park developers plan investments worth 200m euros
Primavera Development, controlled by the Tanasoiu family, some of the most active real estate developers on the local market, has ongoing investments worth almost 200 million euros, both on...
Cefin to develop 7 industrial parks with 500m euros
Cefin Holding, controlled by the Albarosa family and by Valad Property Group, (an Australian investment fund) will develop a network of 5-7 industrial parks, in the cities with over 100,000...
ING invests 400m euros in real estate projects
ING Real Estate Development, the real estate investment division of the Dutch financial group, famous for developing one of the largest malls in Europe - the Zlote Tarasy mall (photo) in War...
Romanians to spend 20bn euros on food
Retail sales, which include traditional stores, marketplaces and modern retail networks, could increase by 16.5% this year, and reach 121.7 billion RON (38 billion euros), with more than hal...
Insurance market exceeds 2 billion euros in 2007
Insurance companies' sales reached 7.17 billion RON (2.15 billion euros) last year, up 25 percent on 2006, on the back of motor insurance and life insurance, the latter of which picked up pa...
BCR Group makes nearly 1m euros a day in 2007
Austrian-based Erste Bank collected over 218 million euros, which corresponds to the 69.1% stake the bank holds in BCR. The BCR Group, which includes the biggest bank on the market, closed 2...
Porsche Bank assets stagnate at 54m euros
Porsche Bank, the only player on the market specialised in vehicle loans, closed last year with assets worth 54 million euros, a slight decline on December 2006. Last year, total assets in t...