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Norwegian investment fund pays 25m euros for 2 apartment blocks in Bucharest
Real estate developer Adama, one of the most active players on the local residential market, have sold two apartment blocks from the Armonia project, developed in the Titan district of Bucha...
Cefin: Commercial vehicles climb to 2.6bn euros
Cefin Romania, the local automotive division of the Italian group Cefin, the importer of the Iveco brand, estimates the market of commercial vehicles will grow by 30% this year, to around 2....
Merchandising company BIP Grup sold for 2.25m euros
The shareholders of Business Ideas Provider Grup (BIP Grup), Eugen and Ioana Saulea, will collect over 2.25 million euros from selling the company to the British group International Marketin...
New market segments drive Albalact to 70m euros
Raul Ciurtin, chairman of dairy producer Albalact, which owns the milk brands Zuzu and Fulga, expects the dairy market to exceed 2bn euros in around three years after it reached one billion...
Investments in Sema Parc rise to over 1bn euros
Sema Parc real estate project, developed on a 42-hectare area on the site of the former Semanatoarea plant, will attract investments worth above 1 billion euros in the next 10 years, up over...
Elmiplant to take Sarantis' business to over 50m euros
Sarantis Romania, the local branch of the Greek cosmetics distributor with the same name, which paid 6.5 million euros for the Elmiplant producer, forecasts business worth 52.3 million euros...
Romanians spend 50m euros on Christmas travel packages
Over Christmas and New Year around 160 million Romanians took holidays away from home and spent over 50 million euros. "Around 40,000 Romanians chose to travel abroad, up 25% against the sam...
Fildas plans investments worth 10m euros in 2008
Fildas group, one of the major players on the local pharmaceutical market, has budgeted investments worth 10 million euros this year, aimed both at organic growth and retail acquisitions. "T...
BT Asigurari chairman collects 460,000 euros
Constantin Jeican, chairman of the insurance company BT Asigurari (BT Insurance) and a member of the Board of Directors of Banca Transilvania, collected 1.67 million RON (465,000 euros) at t...