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Czechs at Hame have more 5m euros to spend for new acquisition
Canned foods producer Hame Romania, one of the leading players on the domestic market, which holds a production facility in Caracal, has stated an interested in acquiring another market play...
Expansion takes Pic's sales to over 90 million euros
The Pic Group, owner of two hypermarkets in Pitesti and Craiova, estimates 50% higher retail sales against 2006, reaching over 90 million euros (300 million RON). The company witnessed sales...
A&D Pharma: sees 36% turnover increase to 96.1m euros
A&D Pharma, which includes the drug distributor Mediplus and the Sensiblu drugstore chain, posted a 96.1 million-euro net consolidated turnover for the first quarter of this year, 36% more t...
Bank of Cyprus: 500m euros for credits in Romania and Russia
The Bank of Cyprus intends to sell bonds worth 500 million euros, and the funds therefrom raised will be allocated for granting funding to the clients of the group in Romania and Russia, two...
Westhill to invest 100m euros in retail projects
Westhill, a British provider of consulting and real estate development services, is set to invest 100m euros in the development of two retail projects, a mall and a retail park, in two Roman...
Daily traded value on forex market, over 1bn euros in May
The Bucharest forex market has registered a new liquidity record high in May, with the value of cumulated transactions climbing to 26.9bn euros. The all-time high reached in May exceeds the...
Fabian buys Baneasa Business Center for 24m euros
British investment fund Fabian Romanian Property took over the Baneasa Business Center office building in the North of Bucharest, developed by Austrian company Immoconsult Leasinggesellschaf...
Hot weather to take ice cream sales over 100m euros
Ice cream producers, which derive 80-90% of their sales during the summer season, are counting on turnover increases as high as 40% this year, as a result of the high temperatures that helpe...
QVT Fund gains 9m euros
American investment fund QVT has made a profit of around 9 million euros following the sale of the 12.8% stake held in insurance company Asirom. The Americans sold out their stake in Asirom...