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Patriciu invests 100m euros in warehouses and petrol stations
Petroleum group Rompetrol, held by businessman Dinu Patriciu, will invest around 60 million euros in the construction of a warehouse for petroleum products in the French town of Port la Nouv...
Allianz-Tiriac sees revenues of 30m euros from life insurance
Allianz-Tiriac estimates it will underwrite 30 million euros' worth of premiums from life insurance in 2007, 20% more than last year, after witnessing a 14% decline, down to 8.4 million euro...
Continental to invest 50m euros in two-star hotels
The Continental chain, which holds 13 hotels on the local market, intends to invest 50 million euros within the next three years in order to build seven two-star hotels, which will be operat...
Yoghurts bring Danone's business to 84m euros
Danone Romania, the biggest yoghurt producer on the local market, saw a 20% increase in its financial results, below the company's original estimates, which predicted that it would maintain...
Poles acquire Fiba and Net Consulting for 13.5m euros
The Polish IT company Asseco has acquired around 70% of shares of the Romanian companies Fiba Software and Net Consulting, through cumulated transactions worth over 15,6 million euros. "Asse...
18m euros for Bucharest's first racing track
The investment into setting up the Bucharest Ring track, where the Formula 3 and FIA GT races will be held between May 18-20, revolves around 18 million euros raised exclusively from private...
Employee contribution to bank profits in Q1: 3,300 euros each
Each employee in the banking system had a contribution of around 3,300 euros to the banks' overall net income in the first quarter of this year, while the assets per employee amounted to app...
Immoeast to spend 1.5bn euros in Romania
Immoeast, the most active investment fund in Romania, will invest 1.5 billion euros on the Romanian real estate market within the next two years. "The volume of Immoeast investments in Roman...
ALB: Leasing of goods to top 4bn euros this year
The leasing market will be further dominated by the members of the Leasing and Non-Banking Financial Services Association (ALB) in 2007 as well, considering that the Association estimates it...