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Cluj financial-banking centre to attract investments worth 300m euros
The centre will be developed by late 2015 and will include office buildings, commercial spaces and housing units across a total area of more than 50,000 square metres. The targeted area cove...
FOA investment fund loses 5.6m euros in H1
Fondul Oamenilor de Afaceri (FOA) investment fund, managed by SAFI Invest, reported 20.7 million RON (5.6 million euros) in losses in the first half of the year, after the fund lost over a t...
Garanti: We spent 1.2m euros on Bonus Card launch
Turkey-based Garanti Bank spent 1.2 million euros last year to promote the "Bonus Card" branded credit card, launched as part of its retail market campaign. Currently, the bank has over 12,0...
Higher demand for Nike brings Elmec sales to 23m euros
Sales of Elmec Romania, a division of Greek clothing and footwear distributor Elmec Sport went up 34% in the first six months of the year, compared with the same time last year, and reached...
Rigips invests 70m euros in plasterboard plant
Rigips Romania, one of the local divisions of French group Saint-Gobain, intends to build a new plasterboard plant in Turceni, with a capacity of over 30 million square metres, in which it w...
Carrefour Romania doubles operating income to 14.8m euros in H1
Carrefour Romania, the largest player on the hypermarket segment, in terms of turnover, doubled its operating income in the first half of the year compared with the same time in 2007, to 14....
AAA Auto loses 1.2m euros in Romania and the Netherlands
AAA Auto, a company that sells second-hand cars on European markets such as the Czech Republic, Poland, Hungary and Romania, posted 1.25 million-euro losses at its Romanian and Dutch divisio...
Dragos Grigoriu sells Tempo Media in a deal worth over 20m euros
Dragos Grigoriu, creator of Tempo and a leading player in the Romanian advertising industry, has clinched the biggest deal sealed so far on this market after he sold the media unit to Britai...
Loans in euros and RON depreciation hurt Agrana's profit
Agrana Romania, the leading sugar producer on the local market, posted a net profit worth 15.47 million RON (4.35 million euros) in the first half of this year, 23.5% less in RON against the...