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Africa Israel pays 77.5m euros for Laromet
AFI Europe, part of Africa Israel Investments, the Israeli real estate group developing Cotroceni Park in the capital city, has acquired a plant in Bucharest's sector 1 covering an area of 1...
Merger between two companies with total assets worth 50m euros
Millennium Estate and European Property Millennium Company, which are operating on the real estate market, merged at the beginning of this month, with the former absorbing the latter, accord...
Assets of voluntary pension funds exceed 50,000 euros
Net assets of voluntary private pension funds (the 3rd pillar) have exceeded 50,000 euros, according to an announcement made by BRD-SocGen, the depositary bank of the funds. The reporting da...
Construction materials distribution market nears 3.5bn euros
The increase of the constructions market has attracted big international retailers specialising in construction materials and has boosted the domestic businesses of construction material dis...
BSE loses 1bn euros in one day, hit by corrections on foreign markets
The Stock Exchange witnessed its first severe correction yesterday, after a series of all time highs over the past month, losing a little more than 1 billion euros of its capitalisation. Thi...
Cristescu brothers invest 6m euros in hotels
Timisoara-based businessmen Emil and Marius Cristescu, who are shareholders in around 30 companies in Timisoara and in the rest of the country, will invest 6 million euros in tourism this ye...
Santal brings 8m euros to Parmalat producer
Parmalat Romania, producer of Santal soft drinks, posted sales worth over 8 million euros in the first six months of the year, up 50% against the first half of 2006. "The hot summer had a ma...
Bunge could collect 6m euros from sale of Interoil plant's land
Bunge, leader of the domestic vegetable oil market, could receive 3 to 6 million euros for the 60,000 square-metre area of land belonging to the Interoil plant, located in Oradea, which will...
Prospectiuni manager: Company's value could exceed 500m euros
Prospectiuni Bucuresti (PRSN), controlled by businessman Ovidiu Tender, a "star" stock on the RASDAQ market in terms of growth witnessed since the beginning of the year, could be worth over...