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Phoenicia invests 8m euros in new hotel
The hospitality company Perla Majestic Group, controlled by the Spring Time Holding and operator of the four-star hotel Phoenicia, located in the north of Capital, will invest 8 million euro...
Raiffeisen sees profit increase to 52.9m euros
Raiffeisen Bank, the third-largest bank on the market, last year made 52.9 million euros in net profit, an increase of 1.1% compared with 2005. The bulk of the profit came in the second half...
SIF Transilvania gains 57m euros from Felix's listing
The listing on the Stock Exchange of Turism Felix, which holds the bulk of hospitality-related assets in Baile Felix, brought the company's majority shareholder, SIF Transilvania, theoretica...
ACC market goes up to 180m euros
Consumption of ACC (autoclaved cellular concrete) will increase by around 15% this year, a rate that could be doubled by a 10-15% price increase. Under the circumstances, the ACC market is e...
Atlas Corporation comes close to 50 million euros
Producer and construction supplies distributor Atlas Distribution, a Greek-held company, estimates a 45% increase in turnover for this year, to 47 million euros, a result of the increase in...
Selgros Cash & Carry invests 15 million euros in Iasi
Retail network Selgros Cash & Carry has invested some 15 million euros in a new store, located in Iasi, which is to be opened today, putting the total number of network stores at 15. After t...
HVB Tiriac's private banking portfolio up to 160m euros
The private banking customer portfolio of HVB Tiriac doubled last year, reaching an asset volume worth 540 million RON (almost 160 million euros), according to the data published in Buchares...
Immoeast buys 25% in Adama for 60 million euros
Austrian investment fund Immoeast, the most active player on the domestic real estate market, has reached a partnership with real estate developer Adama, whereby it will contribute 60 millio...
Renault Group to invest 266m euros in 2007
The Renault Group will invest some 200 million euros in Automobile Dacia in 2007, on top of which a further 66 million euros will be invested in the future gearbox manufacturing plant, the R...