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InterAgro pays 10m euros for a Nitrofertilizer asset
Turnu Magurele-based Donau Chem, controlled by the InterAgro group, held by businessman Ioan Niculae, acquired the main asset of Fagarasi-based Nitrofertilizer, a producer of fertilisers and...
Mondex has 2.1m euros to double its network
Sibiu-based Mondex, a socks and stockings producer, has budgeted investments worth some 2.6 billion euros this year to expand its sales network and its production capacities. The Mondex mana...
E-tickets to cut airline costs by 25m euros
Romanian regular airlines will cut down their costs by over 25 million euros this year if they switch from paper to electronic tickets, considering the estimated traffic flow of 3.8 million...
Extraction takes Petrom's profit to 647 million euros
Petrom, the biggest Romanian company, controlled by Austrian petroleum group OMV, made 2.28 billion RON (647 million euros) net profit last year, 61% higher than in 2005. The company continu...
UTI to invest some 16m euros in acquisitions
UTI Group, the producer of IT&C and security solutions, electric installations and military systems, controlled by businessman Tiberiu Urdareanu, announced it would invest some 12-16 million...
Mobilia Company invests 85m euros in furniture malls
Mobilia Company, a Romanian-Canadian-owned company based in Bucharest, will invest 85 million euros over the next five years to open seventeen furniture shopping centres throughout the count...
Pet owners spend 40m euros a year on pet food
The market of dog and cat food will exceed 40 million euros this year, up by around 5% against last year's figures, according to Euromonitor estimates. The over 15% growth rate of dog and ca...
F.A.T.A. targets 5m euros from farming insurance
F.A.T.A. Asigurari Agricole (F.A.T.A. Farming Insurance), the Italian insurance company that entered the Romanian market last year by taking over Asigurari Global, intends to underwrite gros...
Energobit reports turnover worth over 52m euros
The Cluj-based group of firms Energobit, which operates in the electric equipment manufacturing industry, estimates its turnover will rise by at least 20% this year, after the turnover repor...